Week Ending 7 June
(Queens Birthday Long Weekend)
Ray White Victoria recorded a clearance rate of 52% this week from 27 auctions reported. Although it was a long weekend, auction clearance rates are relative to properties auctioned, which indicates the first significant shift for 2014.
Victoria clearance:
67% from 227 auctions (source: REIV)
Note:
2014 trending strongly… One in every four homes sold so far this year have been sold at auction (compared to one in five this time last year).
Auction Highlight:
Another solid in-room auction event for Ray White Ferntree Gully on Thursday 5th June, selling 4 from 5 on the night. Well done also to Ray White Bundoora for 100% clearance in their core area on Saturday.
Australia’s housing construction costs have cooled from pandemic peaks but modular construction offers 10-20 per cent cost savings and 50 per cent faster build times to address affordability. Last week, the Reserve Bank kept interest rates on hold, in part due to ongoing concern about the cost of housing construction. … Read more
From vibrant to minimalistic, a diverse set of colour trends have been reshaping interior spaces across Australia in 2025, as seen in some of the latest design. Whether you’re designing a new home or renovating an existing space, choosing the right colours is crucial to creating a space that complements your lifestyle … Read more