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Tag Archive 'Auction'

Auctions started strongly in 2017 with 3,214 auctions held in February, the highest February on record. The local government areas of Glen Eira (179 auctions), Boroondara (162 auctions), Kingston (156 auctions) and Stonnington (153 auctions) had the highest number of auctions in February 2017, with all but Glen Eira reporting a clearance rate of over […]

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Melbourne’s property market has offered up a gold medal performance over recent weeks. The auction clearance is soaring, reflecting a huge boost to buyer confidence. A surge of investors and further cuts to interest rates are significant factors behind this late-winter, post-election rush. 486 auctions were held over the week ending 14 August with a […]

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Thanks to a strong Melbourne property market at the moment, not a lot of properties are being passed in. In fact many are achieving sale prices well in excess of reserve thanks to vibrant buyer demand. However, if the property you are interested in does happen to pass in at auction, how do you set […]

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Melbourne’s auction market has had a strong start to the year with both volumes and clearance rates well up on the same period last year. To start with, the Real Estate Institute of Victoria (REIV) reported 3,000 auctions held over the month of February 2015. This is 13 per cent higher than the number of […]

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Melbourne is the auction capital of Australia. Each year over 50 per cent of all auctions held nationally are conducted in Melbourne. As a result, finding an auctioneer is easy. Hiring the right auctioneer takes a little more effort. If you are looking to sell in 2015, you will want to weigh several factors carefully […]

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Melbourne lived up to its reputation as Australia’s auction capital with a record-breaking year in 2014. About 40,000 auctions were held – a new record, up from 34,500 last year and beating the previous record of 34,619 set in 2010. The 2014 spring auction market was the strongest ever.  On October 25 super Saturdays – […]

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New auction record for Melbourne

Melbourne’s auction numbers for the September quarter of 2014 have set a new all-time record, with around 8,165 held around the city in the past three months – 15 per cent higher than the same time last year. There were also a greater number of auctions in Melbourne’s middle and outer suburbs, representing 16 per […]

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Melbourne house prices have risen to a new record median of $658,000, with the city’s median price up 3.3 per cent over the three months to 30 June. Real Estate Institute of Victoria CEO Enzo Raimondo – releasing the REIV’s quarterly results today – said that the record median capped off a strong year for […]

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Auction wrap up for first six months

June marked the third consecutive month of improving clearance rates with an average clearance rate of 71 per cent from 2,854 auctions in Victoria. This is higher than the 10-year average of 2,366 auctions but is lower than the 3,112 auctions held last year due to one fewer weekend. The weekly average number of auctions, […]

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Post Auction Negotiations

If your property is passed in on auction day, your real estate agent should promptly start post auction negotiations. Each week across Melbourne, dozens of auctions travel this path. In an effort to ensure the sale of your property at the highest possible price your agent will focus on the highest bidder i.e. the person […]

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