Archive | Victorian Market RSS feed for this section

Melbourne Auction Market preview for week ending 29 March

There are 1,459 auctions scheduled this week in Melbourne compared to 1,414 for the same time last year. The highest volume of auctions in a single suburb will be found in Reservoir where 29 are expected. There are 26 scheduled in St Kilda and 24 in Brighton. The compressed autumn auction market, the three weeks […]

Read full story Comments { 0 }
Highest spend by suburb 2014

One billion dollars a week on Melbourne property in 2014

Key points Over one billion dollars a week was spent of residential real estate last year Brighton recorded the highest spend, $842m Glen Waverley recorded a $233m rise In 2014 a total of $53.7b, over one billion dollars a week, was spent on Melbourne residential real estate. In 2014 a total of $53.7b, over one […]

Read full story Comments { 3 }

Melbourne Auction Market preview; Week ending 22 March, 2015

There are 1,202 auctions scheduled this week in Melbourne compared to 1,160 for the same time last year. The highest volume of auctions in one suburb is 21 in both Reservoir (VIC) and Thornbury Auction volumes are higher than last year and on track to exceed last years volumes when there were more auctions and […]

Read full story Comments { 0 }
melbourne-cdb-apartments--brookfield-img

Only 1 out of 100 apartments has 4 bedrooms in Melbourne’s CBD

Key points Across 2013 and 2014 only 1 per cent of apartments advertised for sale in Melbourne had 4 bedrooms Two bedroom apartments are more likely to be found in Southbank and Docklands than Melbourne In Brighton only 9 per cent of apartments had one bedroom It will come as no surprise that there are […]

Read full story Comments { 0 }

Melbourne Auction Market preview; Week ending 15 March, 2015

There are 1149 auctions scheduled this week in Melbourne compared to 1085 for the same time last year. Last week’s lower volume produced an outcome in line with trend with the overall auction market continuing to be better than last year. The highest volume of auctions will be held in Reservoir with 22 scheduled. The […]

Read full story Comments { 0 }
Buying into a tightly held suburb - Brunswick East

Buying into a tightly held suburb of Melbourne

There are many different ways of looking at the market and making judgements about its performance. You can look at sale prices, days on market or even turn up at auctions and count the number of active bidders. These metrics will invariably tell you how the market is performing, whether is trending up, down, flat […]

Read full story Comments { 2 }

Melbourne Auction Market preview; Week ending 8 March, 2015

There are 312 auctions scheduled this week in Melbourne compared to 329 for the same time last year. Volumes are low due to the Labour Day long weekend. The highest volume of auctions in one suburb is the very popular Glen Waverley where 7 are scheduled. The February Home Value Index results showed the dwelling […]

Read full story Comments { 0 }

Melbourne residential market provides highest growth over quarter

The February CoreLogic RP Data Home Value Index results (read results here) showed the dwelling prices rose at a greater rate over the last three months than any other capital city. When viewed in conjunction with the strengthening auction market this data confirms the solid position intending sellers now find themselves in.  This will also encourage […]

Read full story Comments { 0 }

Melbourne Auction Market preview; Week ending 1 March, 2015

There are 1,401 auctions scheduled this week in Melbourne compared to 1,334 for the same time last year. This is the second week with over 1,000 auctions for the year and volumes at auctions have risen to a level that is similar to last year now. Once listings for private sale are taken into consideration there […]

Read full story Comments { 1 }
Melbourne sales million dollar table

Where are most of Melbourne’s million dollar homes sold?

Key points Over the past 5 years the number of million dollar homes sold has almost tripled; Glen Waverley and Mount Waverley are in the top 10 and were not 5 years ago; Nearly 10,000 homes have sold in the last year for more than $1m. Five years ago there were 3,335 homes sold for […]

Read full story Comments { 9 }