Another strong performance for Ray White Victoria (Week ending 4 May) with a clearance rate of 78% from 68 auctions reported. (An interesting stat is that we consistently auction close to 10% of the total auction market each weekend)
Victoria clearance: 70% from 704 auctions (Source: REIV)
The REIV expects there will be more than 3,000 auctions to be held in May, with the long-term average clearance rate for May being 70%.
Australia’s housing market is now in a coordinated acceleration phase, with every single major market now exhibiting monthly growth rates that signal significant momentum building across the nation. Perth’s 1.3 per cent monthly growth, if sustained, would deliver annual returns well above its current 11.6 per cent annual rate. Similarly, … Read more
Are you a winter or a summer? Finding your personal interior design style is now easier, thanks to a viral colour trend. Whether you’re building a new home or renovating, reflecting your unique style is key, but knowing where to start can be tough. Which colours resonate with you? And which textures … Read more