Hi guys, short and sweet update this week.
Had a fantastic weekend of auctions, saw a villa unit in Armadale sell for $2.35mil. Went to 10 properties on Saturday the best was a $7.8mil house in Toorak and another unit in Hopetoun Road, Toorak.
Had a fantastic weekend of auctions, saw a villa unit in Armadale sell for $2.35mil. Went to 10 properties on Saturday the best was a $7.8mil house in Toorak and another unit in Hopetoun Road, Toorak.
$454.53mil worth of real estate transacted last week; a decrease of -$29.03mil from the week prior. Results from the 466 auctions equated to $214.34mil worth of property with the clearance rate now holding on trend at 61%. This weeks volume would suggest that the Spring selling season has started off more slowly than usual but expectations are that the bulk of properties will be listed towards the end of October. More stock will mean more choice for buyer's and in usual fashion Spring will be a positive time for the people in the market.
MPTV Market Wrap:
http://vimeo.com/49108787
This week we would like to take the opportunity to invite you to our free seminar "How to buy property like a professional!".
The event is at The Point, Albert Park from 6pm on Tuesday 2nd, October. Our seminar is structured as an interactive, questions and answers panel. If you have any questions about buying property that you'd like to ask please come along and do so!
RSVP online.
See you there!