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 outlook grows muddier as contradictory signals emerge. Unemployment falls to 4.3%, delaying rate cuts, while construction activity cools rapidly and consumer sentiment remains divided. Data dependency will guide the next move in December. The interest rate outlook has shifted yet again, but this time the change is being … Read more
Nothing beats the tranquillity of a beautifully designed main bedroom. Over 21 seasons of The Block, bedrooms have inspired and shocked judges: sometimes at the same time. We asked the Block judges for their standouts. Kristian and Mimi (Phillip Island, 2024) Stepping into Kristian and Mimi’s main bedroom, Shaynna was floored: “This … Read more