There were 699 auctions held in Melbourne last weekend ending 31st March 2019 showing a clearance rate of only 58% according to the www.realestate.com.au.
Seems that the auction clearance rate is now starting to stabilise, however, given the low- number of scheduled auctions it’s still very difficult to predict with absolute certainty where the Melbourne property market is headed…
And, the Federal Government will be calling the election any day now which also throws another potential spanner in the works, in terms of the effect of Labour’s proposed capital gains and negative gearing tax changes will have on the property market as well as the effect on the Australian economy…
My take on everything so far, is that today is still very much a buyer’s market which means today is a fantastic time to be buying a property in the property cycle. Melbourne is still Australia’s fastest population growth city by a long-shot! So, don’t be a sheep and merely follow everyone else’s inaction, as that’s a recipe of never making any money whatsoever! But, be bold and be property confident and always think long-term if you want to get ahead of the pack! Happy and smart buying!
TIPS #
7 Buying Mistakes You Must Avoid To Become Successful!
Mistake #1 Overconfidence
Mistake #2 Buying before auction
Mistake #3 Missed real estate buying opportunities
Mistake #4 Fear of missing out from frustration
Mistake #5 Confused by market inconsistencies
Mistake #6 Low real estate stock can distort the market and cause confusion
Mistake #7 Not prepared to listen or accept professional advice
Your Australian Property Buyers Agents lives and breathes property and knows the Melbourne Property Market! We at Your Australian Property Buyers Agents offer comprehensive end-to-end support from identifying and analysing your selected properties to dealing with selling agents, attending property inspections, purchase negotiations and / or auction bidding on your behalf.
Our Independent Buyer’s Agents in Melbourne, will take the time to understand your situation and work out what your individual needs, specific requirements and property goals are, so we can begin searching for your next property.
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Your Australian Property Buyers Agents is a five-star rated business and it’s because we put our clients first. We promise to be responsive and to truly listen to what our clients need. We're surrounded by noise in the property market – Our goal is to cut through it.
With over 30 years of experience, we know what it takes to buy property seamlessly. Patience is key, but never at the compromise of confidence and our clients’ end game. We’re professional in every facet of our work, dealing with our clients with the utmost integrity and honesty.
When clients engage Your Australian Property Buyers Agents, they can expect Buyer’s Agents that are proactive and passionate. Combining a hard work ethic with passion and attention to detail, we help clients achieve their property goals with ease.
Your Australian Property Buyers Agents is a five-star rated business and it’s because we put our clients first. We promise to be responsive and to truly listen to what our clients need. We're surrounded by noise in the property market – Our goal is to cut through it.
With over 30 years of experience, we know what it takes to buy property seamlessly. Patience is key, but never at the compromise of confidence and our clients’ end game. We’re professional in every facet of our work, dealing with our clients with the utmost integrity and honesty.
When clients engage Your Australian Property Buyers Agents, they can expect Buyer’s Agents that are proactive and passionate. Combining a hard work ethic with passion and attention to detail, we help clients achieve their property goals with ease.
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