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Tag Archive 'market update'

The 2016 spring property market is delivering everything home sellers desire: solid price growth, high clearance rates and strong buyer demand. September quarter median house figures published by the REIV also indicate a positive and growing market. Melbourne’s median house price increased 3.25% since June to settle at $740,000. The inner and middle suburbs were […]

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Small period homes are surging in value across the inner ring in recent months – as reflected in current data compiled by the REIV. In recent months, period homes in inner Melbourne have sold for as much as $10,000/square metre as buyers focus on securing small, character home in good locations. The most sought after […]

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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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Melbourne’s property market is showing no signs of contracting as we head into autumn 2016. The auction clearance rate is sitting at around 74-76% based on results over the last five weekends, and median prices are as strong as ever in many areas. Big crowds are reported to be attending the majority of auctions with […]

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It’s official…again! The experts have declared what we all know to be true – Melbourne is the world’s most livable city. For the fifth year in a row, the Economists Intelligence Unit’s latest livability survey places Melbourne in the number one position. The survey evaluates 140 cities from across the globe and ranks them on […]

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Positivity continues to surround the Melbourne real estate market as winter sets in. The cooler weather has done little to dampen buyer enthusiasm with reports from the REIV revealing May to be the strongest month for auctions so far this year. 79% of properties sold from 5,000 auctions held. And 81%, metropolitan Melbourne has recorded […]

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The median price for a home in Melbourne’s inner suburbs has topped $1.1 million for the first time. REIV Chief Executive Officer, Enzo Raimondo, said the $1,164,500 median price for the first three months of this year was up from $1,099,000 in the December quarter – a six per cent increase. “This is a year-on-year […]

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In the first two months of 2015, the REIV reported more than 3200 auctions with an overall clearance rate of 75 per cent – three per cent higher than the same time last year. The highest number of auction sales in February was in Bentleigh East (41 sales), Richmond (40 sales) and St Kilda (32 […]

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The Reserve Bank has left the cash rate unchanged at 2.5 per cent in July 2014 as was expected. The statements from the Reserve Bank reiterated that a ‘strong expansion’ in housing construction is now underway with dwelling prices increasing, although at a slower pace in recent months. With inflation remaining within the target range, […]

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A Buoyant First Quarter

The 2013 real estate market has launched with the same upward trend that we experienced towards the end of last year. As reported by the REIV, the industry is recording both an increase in clearance rates and listings. Most experts believe this is a situation that reflects the improved confidence of Victorian consumers. From the […]

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