3 May 2016 By: Greg Hocking 0 Comment
Did you see it? Yes, I’m talking about you April.
In case you missed it, Melbourne’s real estate market has just finished yet another enormous month of property auction sales with an autumn clearance rate now comfortably sitting at mid-70%.
Latest figures from CoreLogic RP Data show dwelling values across the five Australian capital cities rose by 1.5% overall in April with the strongest price gains coming from Melbourne.
Even the reduced number of auction listings over the recent Anzac Day long weekend, when some buyers took a short break, couldn’t stall today’s thirst for good value well-located residential real estate.
Drilling deeper and we’re delighted to see Melbourne’s western suburbs showing terrific form right now.
Again according to CoreLogic RP Data, 61 auctions were recorded in our city’s western and west bay-side suburbs last weekend, of which a whopping 78.6% sold under the hammer.
I have sold real estate since 1976 and can’t recall a better time to capitalise on buoyant selling conditions west of the CBD.
This week 1,233 property auctions are scheduled across Melbourne suburbs; almost double last weekend’s 602.
If you are a vendor, you should feel upbeat.
Statistics prove multiple buyers are raising hands to buy each individual slice of Melbourne’s highly desirable housing pie.
Call us today for an obligation-free appraisal of your property.