Ray White Victoria | Tasmania chief auctioneer Matthew Condon said the beautiful Melbourne weather was perfect for auctions last week, bringing crowds and bidders out in force. “Preliminary data from the Ray White Group revealed yet another increase in the average number of registered bidders. It is clear that there’s still more demand for property than supply. Competition at auctions started strong today that increased even further once properties were announced on the market and selling. Despite recent talk of a cooling market, Ray White Victoria continues to see consistent and exceptional results, week after week, with the demand for quality properties still outstripping supply. Market conditions remained conducive towards sellers, achieving a premium price.”
The happy purchasers of 4 Tavistock Road, Frankston South which sold for $1,080,000 on May 16 2021.
“Outstanding result. You could not do any better than to have Ashley and his team sell your home. Their commitment to achieve the best possible result was outstanding. They genuinely worked in my best interests. Well done Ash and Jess. Thank you.” – Daniel Appleby, vendor.
By Nerida Conisbee Premium suburbs led the downturn for most of the year, recording the largest price falls while affordable markets held up. Open home data tracking 13,000 inspections a week now shows that pattern starting to invert. The housing downturn is starting to shift. Premium markets, which have experienced some of the largest price … […]
By Nerida Conisbee | More about Nerida Conisbee The Budget made established property investment less attractive. Investor lending fell immediately. The question now is what combination of rent increases and price falls would make the numbers work again. A key aim of this year’s Federal Budget was to make investing in residential property less attractive … […]