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Melbourne Auctions down

Discussion in 'Property Market Economics' started by ross100, 21st Sep, 2015.

  1. ross100

    ross100 Well-Known Member

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    Melbourne recorded a Saturday clearance rate of 74.5 percent which was again the lowest result since mid-February. The market trend is clearly on the down slope.
    Clearly every one is busy watching footy....:)
     
  2. The Y-man

    The Y-man Moderator Staff Member

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    Fantastic news!


    The Y-man
     
  3. Big Will

    Big Will Well-Known Member

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    Around my area the market is still hot, had a house sell for about 10% more than what I thought it would. Which I am very glad :)
     
  4. Hodge

    Hodge Well-Known Member

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    I've noticed my area has cooled but everything still getting sold within a month.
     
  5. Natedog

    Natedog Well-Known Member

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    its also school holidays, a lot of people away
     
  6. adrian_christian

    adrian_christian Well-Known Member

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    I think it would be better to pass judgment once spring has finished, see how the dust settles. Not quite re-arranging the deck chairs on the Titanic yet....
     
  7. Perthguy

    Perthguy Well-Known Member

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    I was recently advised by several agents when selling, to avoid school holidays, grand final weekend, Melbourne cup and December. I agree. I think any weekend between now and December that is not one of the above is probably a better indicator... I hope! Because I would like to sell between now and December... :)
     
  8. adrian_christian

    adrian_christian Well-Known Member

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    Where is your property? Why do you want to sell out of curiosity?
     
  9. Perthguy

    Perthguy Well-Known Member

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    Heidelberg Heights. I am selling to put the funds into a development in Perth. The Heidelberg Heights property is a development site, so not realistic to hold long term unless I was going to develop.
     
  10. WattleIdo

    WattleIdo renovating Premium Member

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    Franga just warming up. Fhb's are in motion.
     
    Last edited: 22nd Sep, 2015
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