The clearance rate from this weekend’s 827 auctions is 65 per cent, a result that clearly shows the impact of high stock levels throughout June.
The outlook for July reveals a lower number of homes offered for auction, around 550-600 per weekend and less opportunities for buyers.
This weekend last year saw 451 auctions and clearance rate of 87 per cent.
There have been 827 auctions this weekend with a total of 540 selling and 287 passed in, 178 of those on a vendors bid.
The REIV expects 590 auctions next weekend.
See full list of results here.
Source REIV
Sunday, June 27, 2010
Wednesday, June 23, 2010
UNEARTHED HIGH CONCERT
Congratulations to our hugely talented student band STONEFIELD (foemerly Iotah) for winning triple J’s Australia wide Unearthed High competition and today hosting the British India concert at Gisborne Secondary College today
The band is comprised of sisters Hannah, Sarah and Holly Findlay who all attend Gisborne Secondary College, as well as older sister Amy.
Apart from local gigs, STONEFIELD has previously appeared at the St Kilda Festival and the bushfire appeal at Fed Square.
You can hear the band in action by following the links at the triple J website.
Unearthed is triple j’s initiative to support independent, self-funded musicians and provide opportunities to those artists who show most potential.
The band is comprised of sisters Hannah, Sarah and Holly Findlay who all attend Gisborne Secondary College, as well as older sister Amy.
Apart from local gigs, STONEFIELD has previously appeared at the St Kilda Festival and the bushfire appeal at Fed Square.
You can hear the band in action by following the links at the triple J website.
Unearthed is triple j’s initiative to support independent, self-funded musicians and provide opportunities to those artists who show most potential.
Open letter on stamp duty and first home buyers from REIV CEO
23-Jun-2010
Victoria has one of the strongest economies in the nation and we should take advantage of that by helping first home buyers in the same way as four other states: give first home buyers a 100 per cent discount on stamp duty for an average home.
There is a direct link between the assistance offered to first home buyers and their ability to get a start in the market. Since the stimulus was withdrawn, first home buyers in Victoria have dropped from 30 per cent of the market to around 18 per cent.
Abolishing stamp duty for first home buyers does not need to cost as much as has been suggested. The intergovernmental agreement that established the $7,000 grant allows stamp duty to be offset with the grant.
Given the importance of promoting home ownership and improving affordability for first home buyers, this debate should not be left to the state election; the Treasurer should disclose how much it will cost so Victorians can compare the costs, benefits and options.
Source: REIV
Victoria has one of the strongest economies in the nation and we should take advantage of that by helping first home buyers in the same way as four other states: give first home buyers a 100 per cent discount on stamp duty for an average home.
There is a direct link between the assistance offered to first home buyers and their ability to get a start in the market. Since the stimulus was withdrawn, first home buyers in Victoria have dropped from 30 per cent of the market to around 18 per cent.
Abolishing stamp duty for first home buyers does not need to cost as much as has been suggested. The intergovernmental agreement that established the $7,000 grant allows stamp duty to be offset with the grant.
Given the importance of promoting home ownership and improving affordability for first home buyers, this debate should not be left to the state election; the Treasurer should disclose how much it will cost so Victorians can compare the costs, benefits and options.
Source: REIV
Weekly Auction & Sales Results, Market Overview
Sunday June 20th 2010
Compared with previous years there has been a record number of auctions this weekend, providing buyers with a good opportunities.
These conditions are expected to continue for the next few weeks.
Due to the record number of auctions the clearance rate was lower than was the case in previous weeks with 68 per cent of all homes auctioned selling.
There were 942 results reported this weekend with 638 homes selling and 304 being passed in, 199 of those on a vendors bid.
This weekend last year saw 540 auctions and a clearance rate of 86 per cent.
The REIV expects around 880 auctions next weekend.
See the full list of results here.
Source: REIV
Compared with previous years there has been a record number of auctions this weekend, providing buyers with a good opportunities.
These conditions are expected to continue for the next few weeks.
Due to the record number of auctions the clearance rate was lower than was the case in previous weeks with 68 per cent of all homes auctioned selling.
There were 942 results reported this weekend with 638 homes selling and 304 being passed in, 199 of those on a vendors bid.
This weekend last year saw 540 auctions and a clearance rate of 86 per cent.
The REIV expects around 880 auctions next weekend.
See the full list of results here.
Source: REIV
Sunday, June 20, 2010
AREC10
Last month I attended AREC10 (Australian Real Estate Conference) in Sydney, and had the pleasure of hearing many great speakers.
People often accuse AREC of been a Real Estate ‘junket’. However I believe in training regardless of what stage you are at in your career. Let me put it this way - If you are about to go into heart surgery and you discover your surgeon has not trained for 20 years and that he intends to use a procedure practiced 20 years ago, would you still want to proceed?
This year I was fortunate enough to hear from over 20 speakers including, Sir Bob GELDOF and Edward DE BONO. DE BONO is an author of over 62 books, an educator and a creator of the term ‘lateral thinking.’
Whilst being presented with a wonderful line up of speakers, it also allowed me to mix with colleagues throughout the industry and discuss the challenges for the year ahead. Whilst the first five months of the year has seen a shortage of stock levels, it does seem to be changing. Figures from the REIV show that the after the Queen’s Birthday long weekend there are a record 1000 auctions expected with the previous highest for that weekend being 681.
People often accuse AREC of been a Real Estate ‘junket’. However I believe in training regardless of what stage you are at in your career. Let me put it this way - If you are about to go into heart surgery and you discover your surgeon has not trained for 20 years and that he intends to use a procedure practiced 20 years ago, would you still want to proceed?
This year I was fortunate enough to hear from over 20 speakers including, Sir Bob GELDOF and Edward DE BONO. DE BONO is an author of over 62 books, an educator and a creator of the term ‘lateral thinking.’
Whilst being presented with a wonderful line up of speakers, it also allowed me to mix with colleagues throughout the industry and discuss the challenges for the year ahead. Whilst the first five months of the year has seen a shortage of stock levels, it does seem to be changing. Figures from the REIV show that the after the Queen’s Birthday long weekend there are a record 1000 auctions expected with the previous highest for that weekend being 681.
First 5 months, market review
The first five months of 2010 are now completed and the auction market has delivered some remarkable outcomes.
In February and March, the first two months in which a substantial number of auctions are held, the market exhibited record results. In February there were 2286 auctions, of which 85.6 per cent sold. In March there were 2931 auctions and the same clearance rate was recorded. This makes it the equal-fourth-strongest month for auctions in the city’s history, exceeded only by September 1999 (86 per cent), May 2007 (85.7 per cent) and July 2007 (86.5 per cent).
In April there were 1998 auctions held and a clearance rate of 82.7 per cent was recorded, slightly less than February and March but still well above the long term average clearance rate.
In May the number of auctions increased considerably to 4271. A combination of the high number of auctions and six consecutive interest rate increases lead to the clearance rate reducing by nine per cent to 75.3.
A review of the number of homes currently scheduled to be auctioned in June reveals that buyers will continue to have a stronger position, with the trend of historically high listings set to continue. In the first two weekends alone there are 1310 auctions scheduled. Over the last two years the entire month of June has recorded between 1600 and 1800 auctions, numbers that clearly will be exceeded this year.
From a year-to-date perspective the REIV has now recorded more sales than ever before, confirming that the underlying market is still healthy.
Source: REIV
In February and March, the first two months in which a substantial number of auctions are held, the market exhibited record results. In February there were 2286 auctions, of which 85.6 per cent sold. In March there were 2931 auctions and the same clearance rate was recorded. This makes it the equal-fourth-strongest month for auctions in the city’s history, exceeded only by September 1999 (86 per cent), May 2007 (85.7 per cent) and July 2007 (86.5 per cent).
In April there were 1998 auctions held and a clearance rate of 82.7 per cent was recorded, slightly less than February and March but still well above the long term average clearance rate.
In May the number of auctions increased considerably to 4271. A combination of the high number of auctions and six consecutive interest rate increases lead to the clearance rate reducing by nine per cent to 75.3.
A review of the number of homes currently scheduled to be auctioned in June reveals that buyers will continue to have a stronger position, with the trend of historically high listings set to continue. In the first two weekends alone there are 1310 auctions scheduled. Over the last two years the entire month of June has recorded between 1600 and 1800 auctions, numbers that clearly will be exceeded this year.
From a year-to-date perspective the REIV has now recorded more sales than ever before, confirming that the underlying market is still healthy.
Source: REIV
Drop in Clearance rates
As you may be aware the auction clearance rate has dropped compared to the first quarter of 2010 where each weekend recorded a clearance rate exceeding 80%. Last weekend the rate was 70%, however it was a good result considering it was the highest number of auctions Melbourne has had on a winter weekend.
Whilst the clearance rate has dropped what we don’t hear about is the majority of properties, around 80%, sell within 2 weeks of the auction day.
The rise in interest rates has been linked to the drop and the RBA were attempting to slow the economy down. Of interest though is experts are not forecasting another rise, rather a fall later in the year. This is good news to all following almost 6 consecutive rises.
Just remember if you are considering buying or selling now or in the future, you are buying or selling in the same market conditions.
Whilst the clearance rate has dropped what we don’t hear about is the majority of properties, around 80%, sell within 2 weeks of the auction day.
The rise in interest rates has been linked to the drop and the RBA were attempting to slow the economy down. Of interest though is experts are not forecasting another rise, rather a fall later in the year. This is good news to all following almost 6 consecutive rises.
Just remember if you are considering buying or selling now or in the future, you are buying or selling in the same market conditions.
Economic Development and Tourism in the Macedon Ranges
Buying locally is a vitally important way to ensure a sustainable future for the Macedon Ranges in economic and social terms. Buying from local businesses means business growth, and business growth means more skilled jobs in the community.
To ensure the economic sustainability of such a vibrant, diverse and growing region, it is important to generate jobs for future generations. Council, through its Economic Development and Tourism Unit, is committed to providing support to businesses in the Macedon Ranges.
The region’s relaxed lifestyle and proximity to Melbourne is attracting new businesses daily. In particular, small to medium businesses covering light industrial, hospitality, retail and services are discovering the delights of this beautiful region.
There was a time when locals had to travel afar for quality tradespeople and services, but now these people are firmly entrenched throughout our community.
For further information on economic development related activities, please call the Macedon Ranges Shire Council on 5421 9616 or visit the website and follow the links to Tourism and Business.
To ensure the economic sustainability of such a vibrant, diverse and growing region, it is important to generate jobs for future generations. Council, through its Economic Development and Tourism Unit, is committed to providing support to businesses in the Macedon Ranges.
The region’s relaxed lifestyle and proximity to Melbourne is attracting new businesses daily. In particular, small to medium businesses covering light industrial, hospitality, retail and services are discovering the delights of this beautiful region.
There was a time when locals had to travel afar for quality tradespeople and services, but now these people are firmly entrenched throughout our community.
For further information on economic development related activities, please call the Macedon Ranges Shire Council on 5421 9616 or visit the website and follow the links to Tourism and Business.
Home Fire Safety
When buying or selling a home, we are quick to think of the obvious features that make the property desirable.
However homes that feature a few simple fire safety features are priceless.
CFA attends more than 1000 house fires every year, so protecting your family and your home is worth every cent.
Fortunately there are a few simple things you can do to help protect your family from the dangers of fire. Taking the time to “check your hotspots”, making sure you have a working smoke alarm, and preparing a home escape plan can give you a greater chance of avoiding the devastating effects of fire.
Your local Gisborne CFA responds to fire and emergencies 24/7. Some people are surprised to learn that 100% of members in the Macedon Ranges are volunteers –fully trained fire fighters committed to protecting our community. So next time you see our fire fighters responding to an emergency, spare a thought for these guys and girls who have dropped everything to be there in someone’s time of need.
If you would like to learn more, or even bring the kids down to see a fire truck up close, drop in any Sunday morning and say hello.
However homes that feature a few simple fire safety features are priceless.
CFA attends more than 1000 house fires every year, so protecting your family and your home is worth every cent.
- Make sure you have a working smoke alarm
- Home fire safety equipment including a fire blanket and fire extinguisher (and learn how to use it)
- Make a home fire escape plan and practise it with all members of your family
- Teach all members of the family how to dial 000 in an emergency
Fortunately there are a few simple things you can do to help protect your family from the dangers of fire. Taking the time to “check your hotspots”, making sure you have a working smoke alarm, and preparing a home escape plan can give you a greater chance of avoiding the devastating effects of fire.
Your local Gisborne CFA responds to fire and emergencies 24/7. Some people are surprised to learn that 100% of members in the Macedon Ranges are volunteers –fully trained fire fighters committed to protecting our community. So next time you see our fire fighters responding to an emergency, spare a thought for these guys and girls who have dropped everything to be there in someone’s time of need.
If you would like to learn more, or even bring the kids down to see a fire truck up close, drop in any Sunday morning and say hello.
Campaigning for Food with REAL flavour
I recently had the pleasure at eating at Gisborne’s newest restaurant “Oma Slow”
A pleasant experience of delicious food and superb service.
How many times have you been out for a meal and thought to yourself “I could have made this 10 times better myself”? David Morant, owner and cook of Oma Slow in Gisborne has had these disappointing experiences as much as anyone. “With the abundant variety of fantastic produce available to us today in Australia there is absolutely no excuse for serving bland, tasteless food!” David laments. “If we choose to go out for a meal then we look forward to a great experience. We expect chefs and cooks to be the best at preparing great food, and if we’re paying, then of course it should be better than we could do ourselves in our own kitchen”.
Eating at Oma Slow is a unique experience. There is a long list of delicious appetizers to choose from to stimulate the taste buds and match the thoughtful wine and beer selection. David and partner Janet Leung, have decided to concentrate on a choice from only 2 main dishes for the evening meal, 1 vegetarian and 1 fish or meat option. “We decided to do this because it’s like you’ve been invited to eat at our home. Oh and there’s always a dessert you can’t refuse and stunning cheese choices all complimented by beautiful wines.”
To find out what’s on for dinner, you can register on Oma Slow’s mailing list and receive the weekly forthcoming menu. Make up your own mind about how tasty Dave and Janet’s food is by heading down to Oma Slow, Shop 10/45 Brantome Street, Gisborne or make a booking on 54207468. Fully licensed and open Thursday to Sunday 4 – 11pm.
For further information
Contact Janet Leung 0404 158 395 / 5420 7468
A pleasant experience of delicious food and superb service.
How many times have you been out for a meal and thought to yourself “I could have made this 10 times better myself”? David Morant, owner and cook of Oma Slow in Gisborne has had these disappointing experiences as much as anyone. “With the abundant variety of fantastic produce available to us today in Australia there is absolutely no excuse for serving bland, tasteless food!” David laments. “If we choose to go out for a meal then we look forward to a great experience. We expect chefs and cooks to be the best at preparing great food, and if we’re paying, then of course it should be better than we could do ourselves in our own kitchen”.
Eating at Oma Slow is a unique experience. There is a long list of delicious appetizers to choose from to stimulate the taste buds and match the thoughtful wine and beer selection. David and partner Janet Leung, have decided to concentrate on a choice from only 2 main dishes for the evening meal, 1 vegetarian and 1 fish or meat option. “We decided to do this because it’s like you’ve been invited to eat at our home. Oh and there’s always a dessert you can’t refuse and stunning cheese choices all complimented by beautiful wines.”
To find out what’s on for dinner, you can register on Oma Slow’s mailing list and receive the weekly forthcoming menu. Make up your own mind about how tasty Dave and Janet’s food is by heading down to Oma Slow, Shop 10/45 Brantome Street, Gisborne or make a booking on 54207468. Fully licensed and open Thursday to Sunday 4 – 11pm.
For further information
Contact Janet Leung 0404 158 395 / 5420 7468
Subscribe to:
Posts (Atom)