Market exceeds expectations

Market exceeds expectations

25 Jun 2014 By: Greg Hocking 0 Comment

Melbourne’s property market is continuing to perform well despite the cooler weather conditions which traditionally foreshadow a slow-down in buyer activity. This year, demand from buyers hasn’t dipped and auction clearance rates continue to hold steady at or above 70 per cent.

The REIV has reported that Melbourne’s average clearance rate to date this year is a very healthy 71 per cent, with some areas in the inner-city averaging closer to 80 per cent.

In a recent article, the Australian Financial Review noted Melbourne’s market has exceeded growth expectations, with ongoing demand for family homes likely to keep house prices steady for the foreseeable future.

Buyers, sellers and investors will all take heart from the market’s consistent performance, knowing they’re in a position to buy or sell with confidence this winter.

Don’t put your property plans on hold over winter – take the first step towards your new property by calling us today.

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Greg Hocking

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