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!
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