When you’re looking to sell, one of the big questions that often comes up, especially if you’re selling in an active market, is whether or not going to auction would be a better option than a private treaty. With conditions turning around at the end of last year and continuing to improve into this year, you might also be wondering how market conditions affect auctions. How is the Melbourne property market looking? In February, Melbourne saw a +1.2% increase in overall dwelling values. The month also saw Melbourne moving back into double-digit annual growth rates with the annual change in dwell ..read more

With over 14,800 agents and almost 4000 agencies in Melbourne, knowing which agent to choose can seem impossible. On top of this, every agent has different commission rates, making it hard to understand how much you should actually be paying. Whether you’re upsizing, downsizing or just selling property in general, it’s important to do your research. You’ll find that real estate agent commission rates in Victoria and within Melbourne can vary a fair bit. You can even find massive ranges within a single suburb. Knowing the average rates in your specific area can help you to understand how much ..read more

If you’re currently living in Melbourne and looking to downsize, now might be the most ideal time for you. Usually, downsizing is associated with selling and moving into a smaller home once all the kids have left the nest. However, in this case, it can also mean that you’re moving to a more affordable area or just looking for a cheaper property. In the past few months, the Melbourne property market has picked up significantly. Dwelling values have been on the rise and more people are considering selling. Many suburbs in and around Melbourne are moving into a sellers’ market. For those looking ..read more

If you’re looking to sell your Sydney home and move to Melbourne, you might be wondering what types of suburbs there are and if there are any equivalent areas. Of course, Sydney and Melbourne are quite different. However, you’ll be able to find similarities between different Melbourne and Sydney suburbs. Overall, you’ll be happy to know that if you’re moving from Sydney to Melbourne, it’s actually less wet. However, Melbourne is slightly colder and is more cloudy. You’ve bound to have heard that Melbourne is one of the most liveable cities in the world, not only based on the environment but al ..read more

Unlike in any other big city in Australia, many parents have crowded the Melbourne property market in certain school zones. Prices in these hotspots have been driven up, especially where the top schools are located. In fact, research has shown that there are price differences of almost $400k when comparing suburbs inside and just outside popular school zones. Sure the Melbourne property market had a significant slump in 2018 and early 2019. However, it has more recently experienced a significant rebound and it’s a good time to consider buying. Investing in a top-performing school zone can lead ..read more

 Melbourne recorded its lowest non-holiday weekend auction result for nearly 4 months on Saturday although the market remains generally in favour of sellers. Melbourne recorded a weekend clearance rate of 71.5% which was well below the previous weekends 77.6% but higher than the 41.2% recorded over the same weekend last year. 1013 homes were reported auctioned on Saturday which was lower than the previous weekend’s 1129 but higher than the 918 listed over the same weekend last year. Melbourne recorded a weekend median auction price of $872,000 which was lower than the previous weekend’s ..read more

The Melbourne auction market bounced back from last weekend’s Cup pause with a predictable surge in listings. Melbourne recorded a weekend clearance rate of 73.3% which was higher than the previous weekends 68.8% and the 47.1% recorded over the same weekend last year. Underlying auction listings are gradually approaching last year’s totals at the same time, with sellers now keen to take advantage of strong market conditions before year’s end 957 homes were reported auctioned on Saturday which was higher than the previous weekend’s 174 and similar to the 996 listed over the same weekend l ..read more

After the market started turning around halfway through the year, vendors in Melbourne have become more and more optimistic about property price movements. 3,306 Australian vendors were surveyed last quarter on the expectations for price movement with Melbourne vendors the most optimistic they’ve been since the beginning of 2018. In the most recent quarter, 75% of Melbourne home sellers stated that they believed dwelling values were going to increase within the next six months. To put this into perspective, in the first quarter of the year, only 28% of vendors believed prices were on the rise ..read more

Melbourne housing values recorded a 1.7% rise in September, the largest monthly gain in values since 2015. CoreLogic has released their newest housing market update for October 2019. This was the fourth month in a row where Melbourne housing values have trended higher, posting a cumulative 3.6% recovery since values found a floor in May earlier this year. Melbourne housing values remain 7.9% below their 2017 peak, indicating buyers still have some time before values reach new record highs. Melbourne`s Inner East and Inner South are leading the recovery, with values rising 5.9% and 4.7% over t ..read more

Over the June 2019 quarter, resales of Melbourne properties generated $4.316 billion worth of profits and $70.7 million in losses. These figures indicated that Melbourne generated 26.4% of total resale profits nationally over the quarter as well as producing 9.8% of total resales losses. Over the quarter, there were no resales at a loss in Macedon Ranges and Moorabool. The council regions with the highest proportion of resales at a loss were Melbourne, Port Phillip and Stonnington. With dwelling values now starting to rise throughout the city, the share of houses and units resold for a loss ..read more