News Feed
Auction Results Snapshot
Enzo Raimondo CEO - REIV | Today's auction clearance rate was 66 per cent, compared to 54 per cent last weekend, and 63 per cent on this weekend last year. This is a modest improvement on last year's results, however the outcome of auctions over the coming two weekends will provide a clearer indication of the state of the market. A total of 270 auctions were reported today. Homes sold comprise 178 of the total. The r...
Reserve Bank holds Interest Rates
Blake Mizzi | Today the Reserve Bank of Australia has decided to hold official interest Rates at 4.25 per cent. This was amongst speculation of another Interest Rate drop, however it it’s likely held due to the increased cost of overseas borrowings. - Blake Mizzi
Auction Results Snapshot
Enzo Raimondo CEO - REIV | Today there has been 101 auctions with 59 selling and 42 being passed in. Of the auctions that were passed in 26 were on a vendors bid. The clearance rate was 58 per cent. As volumes remain low this results is unlikely to be indicative of the state of the market. On this weekend last year there were 189 auctions and a clearance rate of 56 per cent. Next weekend around 305 auctions are expected fo...
Enzo Raimondo's Market Wrap
Enzo Raimondo CEO - REIV | The clearance rate this weekend is 53 per cent compared to 53 per cent last weekend and 62 per cent this weekend last year. There have been 474 auctions reported this weekend of which 252 sold and 222 were passed in, 153 of those on a vendors bid. This weekend is the final one this year with a substantial number of auctions - there are only another 40 auctions scheduled to occur before the end of...
Auction Results Snapshot
Enzo Raimondo CEO - REIV | The clearance rate this weekend is 55 per cent compared to 53 per cent last weekend and 57 per cent this weekend last year. There is only one more normal weekend of auctions this year and it appears that the overall clearance rate in 2011 will be 56 per cent. There has been a total of 741 auctions reported this weekend of which 408 sold and 333 were passed in, 209 of those on a vendors bid. Next ...
Auction Results Snapshot
Enzo Raimondo CEO - REIV | The clearance rate from this weekends auctions is 54 per cent compared to 51 per cent last weekend and 60 per cent this weekend last year. For the fifth week in a row there has been no substantive change in the level of demand at auctions and the REIV expects the current state of the market to continue till the end of the year. There has been a total of 656 auctions reported of which 353 sold and...
Auction Results Snapshot
Enzo Raimondo CEO - REIV | The clearance rate this weekend is 53 per cent compared to 50 per cent last weekend and 59 per cent this weekend last year. Results from the last months auctions show how evenly balanced the market is with half the auctions resulting in a sale. This provides buyers with considerable opportunities to make offers on homes that are not being sold at their auction. There were a total of 855 auctions ...
Rental yields to continue climb due to low supply
Tim Lawless | Rental markets across the capital cities can be split into two broad categories - those where rents are increasing and those where rents are flat. In one camp are those cities where vacancy rates remain low while rental demand is high - consequently, rents rise. In the other camp, vacancy rates and rental demand aren't as tight, creating little upwards pressure on rents. The good news for Sydn...
Enzo Raimondo's Market Wrap
Enzo Raimondo CEO - REIV | The Melbourne auction market has been typified by consistently moderate levels of demand this year and this weekend is no different with a clearance rate of 52 per cent being recorded. This compares to 51 per cent last weekend and 57 per cent this weekend last year. There have been a total of 633 auctions this weekend of which 332 sold and 301 were passed in, 195 of those on a vendors bid. ...
Cirrus Apartments Doncaster have LAUNCHED!
Blake Mizzi | Cirrus Apartments Doncaster located at 316-318 Manningham Rd (in the service road opposite MacDonald's). 25 meticulously designed apartments come very well equipped, with special little extras that will surprise you (garden taps on terraces, electric car recharging points to car parks, solar and gas hot water ...) . Location offers close easy access to shops and cafes at Macedon Square plaza and ...
