16 Dec 2014 By: Greg Hocking 0 Comment
The property market delivered a solid and substantial performance in 2014 with clearance rates holding steady all year despite record-breaking auction numbers across Melbourne. Encouraged by the positive market conditions, more sellers than ever opted to sell their home by auction and the overwhelming majority were rewarded with strong results.
Buyer demand from both owner occupiers and investors was consistent throughout the year and as a result, property prices increased steadily. Suburbs that were in high demand saw more pronounced price growth, as the extra competition pushed values higher.
Though the auction calendar winds down for the Christmas/New Year period, there will still be plenty of activity happening behind the scenes as buyers and sellers contemplate their plans for 2015.
At Greg Hocking Real Estate, we’ve helped thousands of people achieve their property goals this year and our sellers are some of the happiest in Victoria.
Our offices will be open throughout January and as we head into 2015, our network will expand even further with two new offices about to open their doors.
On behalf of the entire team, we wish you all the best the festive season has to offer.