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%.
Interest rate cuts now unlikely before second half 2026 as services inflation proves stubborn. Rents, utilities and insurance continue rising, limiting RBA easing despite broader economic slowdown and household spending weakness. Expectations of interest rate relief in 2026 are becoming less likely as inflation continues to show signs of persistence. … Read more
The 2019-2020 Black Summer bushfires impacted Mallacoota severely, but house prices recovered within years. Other disaster-affected communities haven’t bounced back the same way. The difference isn’t just about the disaster itself. Natural disasters can lead to very different property market outcomes. Some locations recover and go on to perform strongly, … Read more