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%.
By Nerida Conisbee · Chief Economist The Reserve Bank raised rates again following another inflation result above target. Inflation has remained elevated even as the economy has slowed, and the Bank has judged that prices are the greater risk. The Reserve Bank has increased interest rates again following another disappointing inflation result. Headline inflation reached 4.3 per … […]
By Nerida Conisbee · Chief Economist For most of the past year, cheaper homes were outperforming expensive ones across every capital city. The Budget landed in May. By September, the relationship between the two had completely reversed. For much of the past year, Australia’s more affordable properties have been outperforming the expensive end of the market. That … […]