AUCTION SNAPSHOT | 21 & 22 March 2020
Amidst the changing face of real estate in the wake of COVID-19, last weekend saw 930 properties scheduled for auction, bringing in a total volume of $589 million and a slightly reduced clearance rate of 66% for the state. With ‘Stage 1’ lockdowns now in effect, the real estate industry continues to operate auctions, property...
Rob Fletcher in Market Updates
Changes to the Residential Tenancies Act 1st July 2020: New Minimum Standards
In addition to the recent change in legislation now in force regarding pets at rental properties, important draft regulations regarding minimum standards have been released and we believe they will become new legislation from 1st July 2020. What it means simply is that the state government is introducing a minimum standard...
Andrew Paterson in Market Updates
Reserve Bank Slashes Interest Rates to 0.25% in Emergency Meeting
BREAKING NEWS | The Reserve Bank of Australia has held an emergency meeting this afternoon, slashing interest rates to 0.25 percent as the nation’s economy battles through the coronavirus pandemic. Governor, Philip Lower said, ‘at some point, the virus will be contained and the Australian economy will recover. In the interim...
Beth Oleyar in Market Updates
AUCTION SNAPSHOT | 14 & 15 March 2020
While still early days, the initial effects of the coronavirus (COVID-19) pandemic has yet to impact the property industry, which continues to show resilience as the nation’s economy faces challenging times ahead. As the first state to declare a State of Emergency, Victoria continues to take precautionary measures to help ‘flatten...
Rob Fletcher in Market Updates
AUCTION SNAPSHOT | 7 & 8 March 2020
Despite less properties heading to auction over Melbourne’s Labour Day long weekend, the 316 properties that were scheduled to go under the hammer resulted in a clearance rate of 71 per cent, marking a 20 per cent gain when compared with this time last year. ‘The long weekend in Melbourne means we can’t read too much into...
Rob Fletcher in Market Updates
Market Update - March 2020
Melbourne’s property market has had a phenomenal start to the year, with the rise in property listings and house prices coinciding with fantastic results at auction. For more information on the market this month, tune in now.
Stefan Cook in Market Updates
AUCTION SNAPSHOT | 29 February - 1 March 2020
The latest figures from CoreLogic have revealed that concerns around Coronavirus have done little to dampen Melbourne’s rising property market. The surge has seen house prices increase another 1.2 per cent in February, climbing at its fastest rate on record. According to News.com.au, a survey of 40,000 respondents from Australia’s...
Rob Fletcher in Market Updates
Top Reasons To Sell Your Property In Autumn
Selling your property is a big decision and perhaps most notably, one of the biggest considerations you'll face is deciding the right time to sell. For many, Autumn brings limitless opportunities as it comes with less competition and more buyers who have recently sold. So, what else makes this leafy season the ideal time to list your home...
Beth Oleyar in Market Updates
AUCTION SNAPSHOT | 15 & 16 February 2020
Melbourne’s auction market continues to gain momentum, with the second weekend of results for the year showing a phenomenal auction clearance rate of 82%. When compared with 60% this time last year, current results demonstrate ‘that vendors are really confident going into their auction and confident that they have enough buyers to...
Rob Fletcher in Market Updates
AUCTION SNAPSHOT | 8 & 9 February 2020
Making a remarkable comeback from the 2017-19 downturn, Melbourne’s housing market has seen a 20 per cent increase in auction clearance rates from this time last year. With renewed buyer confidence already driving positive results in the market, industry experts are expecting a busy start to the year. ‘The market is kicking back...
Rob Fletcher in Market Updates
Subcategories
Sign up to our newsletter
News and Lifestyle View the Latest Updates
-
A Home for Modern Children November 19thIn today's fast-paced, hyper-connected world, the age-old adage "There's no place like home" holds...
-
Market Update | 16 & 17 November 2024 November 19thAuction activity continued to ramp up over October, with the weekly auction count by CoreLogic exceeding the 3,000 mark...