Victoria, New South Wales, South Australia, Tasmania and the ACT all begin Daylight Savings this weekend.
At 2am the times moves forward an hour to 3am. We all ose an hours sleep.
Daylight saving for 2010-11 will last until April 3.
Thursday, September 30, 2010
Auction preview, 2 and 3 October
27-Sep-2010
Last weekend: 65 auctions, of which 52 sold
This weekend last year: 486 auctions, clearance rate of 84 per cent
This weekend 2008: 484 auctions, clearance rate of 68 per cent
Comment
Before St Kilda and Collingwood played the drawn grand final last Saturday, there were around 585 auctions scheduled this weekend. Due to the replay around 115 auctions have been moved from this weekend, the REIV now expects around 470 auctions.
As a result auction numbers have increased on the weeknds of 9/10 and 16/17 October.
Buyers are encoruaged to check the details of any auctions or open houses they had planned to attend.
To check on individual auctions please visit realestateVIEW.com.au
Last weekend: 65 auctions, of which 52 sold
This weekend last year: 486 auctions, clearance rate of 84 per cent
This weekend 2008: 484 auctions, clearance rate of 68 per cent
Comment
Before St Kilda and Collingwood played the drawn grand final last Saturday, there were around 585 auctions scheduled this weekend. Due to the replay around 115 auctions have been moved from this weekend, the REIV now expects around 470 auctions.
As a result auction numbers have increased on the weeknds of 9/10 and 16/17 October.
Buyers are encoruaged to check the details of any auctions or open houses they had planned to attend.
To check on individual auctions please visit realestateVIEW.com.au
Sunday, September 26, 2010
Weekly Auction & Sales Results, Market Overview
With Melbourne's attention focused on the grand final there were only 65 auctions reported this weekend.
Of the 65 auctions reported this weekend a total of 52 sold and 13 were passed in, 6 of those on a vendors bid.
No clearance rate has been reported due the total number of auctions being lower than 100.
The auction market springs back into next weekend with 585 auctions expected but the Grand Final repeat is not expected to impact the overall outcome.
Of the 585 auctions scheduled for next weekend there are around 50 that currently have a start time of 2.30pm or later.
CLICK FOR FULL RESULTS
Of the 65 auctions reported this weekend a total of 52 sold and 13 were passed in, 6 of those on a vendors bid.
No clearance rate has been reported due the total number of auctions being lower than 100.
The auction market springs back into next weekend with 585 auctions expected but the Grand Final repeat is not expected to impact the overall outcome.
Of the 585 auctions scheduled for next weekend there are around 50 that currently have a start time of 2.30pm or later.
CLICK FOR FULL RESULTS
Sunday, September 12, 2010
Weekly Auction & Sales Results, Market Overview
Saturday 11th & Sunday 12th September 2010
Another healthy result from this weekends 582 auctions with a clearance rate if 70 per cent reached.
This level of demand is consistent with recent results and suggests that the market has found a reasonable balance, and outcome that is in contrast to the past few years.
There were 612 auctions reported this weekend of which 427 sold and 185 were passed in, 121 of those on a vendors bid.
The REIV expects around 760 auctions next weeken
CLICK FOR FULL REPORT
Another healthy result from this weekends 582 auctions with a clearance rate if 70 per cent reached.
This level of demand is consistent with recent results and suggests that the market has found a reasonable balance, and outcome that is in contrast to the past few years.
There were 612 auctions reported this weekend of which 427 sold and 185 were passed in, 121 of those on a vendors bid.
The REIV expects around 760 auctions next weeken
CLICK FOR FULL REPORT
Thursday, September 9, 2010
SPRING MARKET
The strength of the much-anticipated spring auction season will be revealed in the three weeks prior to the AFL Grand Final. As in previous years, the early spring activity will set the scene for the remainder of the year.
The comparable period in the past three years presented very different outcomes, 2007, was a very strong year with strong price growth, 2008 was slow due to the global financial crisis and 2009 was a year of recovery.
In terms of stock levels, this year the REIV expects just over 2000 auctions to be held in the three weeks prior to the AFL Grand Final, compared to 2422 in 2007, 1734 in 2008 and 2096 last year.
CLICK FOR FULL REPORT
The comparable period in the past three years presented very different outcomes, 2007, was a very strong year with strong price growth, 2008 was slow due to the global financial crisis and 2009 was a year of recovery.
In terms of stock levels, this year the REIV expects just over 2000 auctions to be held in the three weeks prior to the AFL Grand Final, compared to 2422 in 2007, 1734 in 2008 and 2096 last year.
CLICK FOR FULL REPORT
Wednesday, September 8, 2010
Challenges for first home buyers this spring
The recent sales results and analysis from the REIV show that different segments of the market are experiencing differing levels of demand.
Demand has cooled in the upper end of the market, as prices seem to have peaked; yet in the middle and affordable segments, demand is still quite strong.
This has occurred for the same reason that saw the market rebound so rapidly from the problems of the global economy.
Demand is underpinned by a steadily growing population and the subsequent increase in demand for housing.
The resulting disparity between demand and supply, when supported by a good local economy and low unemployment, has resulted in strong conditions for residential property.
CLICK FOR FULL REPORT
Demand has cooled in the upper end of the market, as prices seem to have peaked; yet in the middle and affordable segments, demand is still quite strong.
This has occurred for the same reason that saw the market rebound so rapidly from the problems of the global economy.
Demand is underpinned by a steadily growing population and the subsequent increase in demand for housing.
The resulting disparity between demand and supply, when supported by a good local economy and low unemployment, has resulted in strong conditions for residential property.
CLICK FOR FULL REPORT
Sunday, September 5, 2010
Weekly Auction & Sales Results, Market Overview
Saturday 4th & Sunday 5th September 2010
If the first few weeks of spring sets the tone for the rest of the year then this spring will be one when buyers have good opportunities and vendors achieve healthy results. This is sort of balanced residential auction market Melbourne has not witnessed for a few years.
The clearance rate was 72 per cent, compared to 70 per cent last weekend.
There were 603 auctions reported this weekend with a total of 433 selling and 170 being passed in, 90 of those on a vendors bid.
This weekend last year saw 568 auctions and a clearance rate of 85 per cent.
Over the next fortnight the REIV expects around 1430 auctions.
Click for results
If the first few weeks of spring sets the tone for the rest of the year then this spring will be one when buyers have good opportunities and vendors achieve healthy results. This is sort of balanced residential auction market Melbourne has not witnessed for a few years.
The clearance rate was 72 per cent, compared to 70 per cent last weekend.
There were 603 auctions reported this weekend with a total of 433 selling and 170 being passed in, 90 of those on a vendors bid.
This weekend last year saw 568 auctions and a clearance rate of 85 per cent.
Over the next fortnight the REIV expects around 1430 auctions.
Click for results
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