14 Jun 2016 By: Greg Hocking 0 Comment
What are you planning to do on the shortest day of the year in 2016?
According to official time keepers Melbourne will reach the turning point of its solar year – the winter solstice – at 8.34am on Tuesday, June 21.
On this day we’ll get five hours and 15 minutes’ less sunlight than we did on last December’s summer solstice.
Sounds like good reason to curl up with a good book and warm drink (ok, only if you don’t have to work!)
But while some locals may view the dead of winter as a justifiable time to bunker down ahead of brighter days, our property market disagrees.
Latest sales figures show auction clearances trending in the very healthy high 60s across Australia and Melbourne is helping drive that transactional strength, according to national data company CoreLogic.
Over the Queen’s Birthday weekend – when it is always expected fewer auctions will be booked – Melbourne still held 337 public auctions and sold more than two in three properties (66.9%).
There is no evidence buyers are sitting back and waiting for spring.
Prior to the lower volumes this week, over the past four weeks Melbourne has maintained a stable clearance rate in the low 70% range and with just three weeks to go until the long-awaited July 2 federal election, there is still no sign the spectre of government change is having any impact on buyer demand for metropolitan housing.
And there is no sign the winter solstice will darken the mood of our very satisfied winter vendors.
Call us today for an obligation-free appraisal of your property.