Week Ending 18th May 2014
A clearance rate of 72% this week for Ray White Victoria from 67 auctions reported, compared to 64% last weekend.
Victoria clearance:
72% from 863 auctions (source: REIV)
Weekly highlights:
Well done to Ray White Manningham selling 6 from 8 auctions. Of note were two outstanding results: 35 Dorking Road, Box Hill South – sold for $1.470m ($170.000 over reserve!) – well done Thomas Liouas & 31 Golden Way, Bulleen – sold for $1.260m ($210,000 over reserve!!!) – great work Carmen Stenta and Frank Perri.
Ray White Warrnambool held an outstanding in-room event on Wednesday evening, selling 7 from 9. Excellent work from Jess, Leanne and the team. A big crowd gathered and the energy in the room was electric!
By Nerida Conisbee | More about Nerida Conisbee Open home attendance data reveals how quickly buyers respond to policy changes. The week following the RBA’s rate decision saw attendance decline nationally, though the depth of softening varies significantly by market. Understanding how buyers respond to interest rate changes … Read more
By Nerida Conisbee | More about Nerida Conisbee The Reserve Bank lifts rates as it judges the risks of allowing inflation to remain above target outweigh the risks of further tightening. Strong employment and household spending create room for additional restraint on demand.