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%.
Only 55 per cent of millennials aged between 25-39 own their home, compared to 70 per cent of baby boomers at the same age in 1991 and 65 per cent of Gen X in 2006. This dramatic shift reflects more than just affordability challenges – it represents a fundamental change … Read more
You don’t have to travel to northeast US to enjoy the distinguished style of the Hamptons. Traditionally a summer colony where wealthy New York City dwellers would decamp for the hotter months, the Hamptons “look” has become so popular that it’s now emulated the world over. Synonymous with light-hued palettes, … Read more