Negotiators are not all the same
Over the weekend the REIV auction clearance rate was 69%. Out of the 804 results, 107 were sold prior and 450 were sold on the day or passed in and negotiated after the auction. There are only 46...
View ArticleInvestors flood the Melbourne property market
The Block has finished for another year and we will again be inundated with requests to purchase homes that can be purchased, renovated and flipped for hundreds of thousands of dollars of profit. And...
View ArticleBuyers are there but stock is lacking
Whilst turnover is up and clearance rates are pushing through the mid 70’s% we know that overall stock levels are lower than they have been since around 2009 when we saw the statistics from REIV...
View ArticleWelcome to 2014
It has been all too long since my last article. It is very easy to be caught up in work and forget about the things that matter most to some people. Business has been brisk and with the addition of...
View Article2014’s First “Super Saturday”
The autumn selling season is up and running, or should I say racing. The REIV clearance rate for the first Super Saturday of the season has come in at an amazing 75% from 1100+ auctions. Looking back...
View ArticleAuction Clearance Rates
Auction clearance rates are now offered to us by REIV, APM and RP Data. They are all different as they have a different collection method. They are from different sample sizes, different properties...
View ArticleSteady as she goes!
With over 1000 auctions last weekend, the clearance rates of the three main data collection companies have all come in at or just below 80%. The REIV, usually the highest data collection rate over the...
View ArticleForeign Investment and a xenophobic money grabbing Government
The vast majority of foreign nationals buying investment properties are buying apartments off the plan. These are the properties that are overpriced by usually 20%+ and are very difficult to lease...
View ArticleMelbourne property market
Most media outlets are now talking gloom and doom. Many are saying the Westpac rate increase will lead all banks to increase their rates and therefore stop people buying properties. Many bloggers and...
View ArticleThe Election is coming!!
The auction clearance rates keep pushing through the 70’s barrier even though much of the weather has turned towards winter. With over 700 auctions already scheduled for next week and with only one...
View Article
More Pages to Explore .....