Auction Snapshot: Saturday 3 June
What’s happening in the market… The Domain Group revealed a change to the 2017 budget that nearly went unnoticed. Property industry experts warn the change will affect a huge proportion of the market....
View ArticleAuction Snapshot: Saturday 17 June
What’s happening in the market… The rental market is still on the rise, with The Domain Group reporting that Melbourne’s median rental price rose 5% for houses over the last year. However, Melbourne’s...
View ArticleAuction Snapshot: Saturday 24 June
What’s happening in the market… The Domain Group has stated that “it’s the north of the city leading the pack” in the Melbourne real estate market. They believe that, with the changes in stamp duty for...
View ArticleAuction Snapshot: Saturday 1 July
What’s happening in the market… It’s the new financial year, and data from the Domain Group shows that Melbourne’s median house price rose by more than $110,000 in one year! The median cost for a house...
View ArticleAuction Snapshot: Saturday 15 July
What’s happening in the market… The Domain Group reported that first home buyers are beginning to spend more at auctions due to the alterations on stamp duty, possibly contributing to why Victoria...
View ArticleAuction Snapshot: Saturday 22 July
What’s happening in the market… The winter auction market is remaining strong, with Melbourne achieving a median price of $716,800 at auction on Saturday, as reported by The Domain Group. They also...
View ArticleAuction Snapshot: Saturday 29 July
What’s happening in the market… Auctions continued to produce great results throughout July! The Domain Group reported that 3,502 auctions took place – a huge increase from the 2,407 homes that went...
View ArticleAuction Snapshot: Saturday 5 August
What’s happening in the market… On Saturday, Melbourne’s median auction price was $820,000, and a huge $339.2 million worth of property was sold, the Domain Group stated. Domain reported that over the...
View ArticleAuction Snapshot: Saturday 12 August
What’s happening in the market… Despite the recent consistently high results, Victoria experienced a slight lull in auction sales, with a clearance rate 6% lower than the rate from the same weekend...
View ArticleAuction Snapshot: Saturday 26 August
What’s happening in the market… Fletchers achieved a clearance rate of 78% on the weekend, a strong finish to the season! The Domain Group stated that the average clearance rate for this winter was...
View ArticleAuction Snapshot: Saturday 2 September
What’s happening in the market… Melbourne achieved a median price of $850,000 at auctions on Saturday, which resulted in $396.8 million of property being sold under the hammer, reported The Domain...
View ArticleAuction Snapshot: Saturday 9 September
What’s happening in the market… “Dozens of auctions in Melbourne at the weekend saw a drop-off in bidder participation rates but the percentage of properties that sold under the hammer stayed high,”...
View ArticleAuction Snapshot: Saturday 16 September
What’s happening in the market… On Saturday, Melbourne had an average auction price of $881,000. The Domain Group stated, “the best results for sellers are occurring in the affordable outer suburbs. In...
View ArticleAuction Snapshot: Saturday 23 September
What’s happening in the market… The Domain Group stated that “the number of first-home buyers using stamp duty concessions has more than doubled after the state government introduced several savings...
View ArticleAuction Snapshot: Saturday 7 October
What’s happening in the market… 809 properties went to auction on the weekend with a median price of $750,000 reached, a nice change from the short break Melbourne experienced on the weekend prior due...
View ArticleAuction Snapshot: Saturday 21 October
What’s happening in the market… The Domain Group highlighted that in order to buy larger blocks, buyers are moving to areas further away from their current homes. “Many of the would-be purchasers...
View ArticleAuction Snapshot: Saturday 28 October
What’s happening in the market… The Domain Group highlighted that, “the incidence of good-quality properties tearing away at auction to a final sale price 20 per cent or more above reserve is still...
View ArticleAuction Snapshot: Saturday 11 November
Saturday 11 November Number of reported auctions in Victoria: 808 Clearance rate: 73% Auction highlights… 3/51 Wellman Street, Box Hill South Resting in the prized rear position of an immaculate...
View ArticleAuction Snapshot: Saturday 18 November
What’s happening in the market… New laws have been put into place after the introduction of the policies earlier this year. “Foreign owners will be slugged with an annual fee if their property is left...
View ArticleAuction Snapshot: Saturday 25 November
What’s happening in the market… The Domain Group highlighted how first home buyers are choosing their homes based on the proximity to the city, with old apartments becoming increasingly popular....
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