14 May 2014 By: Greg Hocking 0 Comment
The solid results that have characterised Melbourne’s property market since the middle of last year have continued well into autumn with auction clearance rates routinely hovering at the 70 per cent mark.
The steady clearance rate is testament to ongoing demand from buyers who are unperturbed by the cooler weather in the search for their next property and who continue to attend open for inspections in good numbers.
Buyers have been enticed by new listings and the REIV is reporting an upswing in the number of auctions registered for the coming weekends. Around 1000 auctions are scheduled for each of the next two Saturdays.
The property market traditionally experiences a seasonal tapering off over the cooler months when levels of buyer activity tend to become more subdued, but our sales professionals are seeing few indications of that on the ground at the moment. Our observations are echoed by property researchers RP Data who have predicted that the autumn/winter market is likely to be busier than usual.
Whether you’re buying or selling, the team at Greg Hocking Real Estate can help you secure the very best results this season. Call us today.