Name: Your Australian Property Buyers Agents
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80% Auction Clearance Rate – Steady as a Ship

Melbourne’s auction clearance rate over the weekend remained steady at 80% on 585 auctions reported. However, compared to this same time last year there were 1,120 auctions with an auction clearance rate of 78%. In other words, Melbourne is still under half its normal capacity so the true test will come later once supply increases.

With State Government stamp duty discounts of 50% stamp duty discount on newly built homes valued up to $1m and 25% discount for established properties for up to $1m for the rest of the financial year will most likely encourage more buyers into the Melbourne’s property market which could result in further pressure in prices.

We attended many auctions on behalf of clients’ in Melbourne in the month of November 2020 and ended up achieving being the successful bidder at all auctions we were bidding at. 31 Sussex Road, Caulfield South we bought for $3.1M under the ‘hammer at auction’ on behalf of a family we were representing. This was amazing buying value considering this home comprised, swimming pool and was situated opposite Princes Park.

The housing recovery as they say, starts at the top or higher ranges. And it is quite evident this is currently being played out as we speak. The other good news is that over the past month, it appears that a number of property investors are now becoming active once again. This is extremely positive news.

Finally, given there are many auctions being held between now and the remainder of 2020, we should have an indication of the ‘state of play’ for the Melbourne property market during the next few weeks. But, everything at this stage is looking quite promising. There’s also very good reason to start feeling optimistic in Melbourne with further covid-19 restrictions to be eased in next couple of weeks, plus a number of Covid-19 vaccines earmarked for release in Australia early next year.

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Why Use a Buyer's Agent in Melbourne?

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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What our Clients are Saying about Your Australian Property Buyers Agents

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.