85% Auction Clearance Rate…
Auctions are now back in full swing in Melbourne, as Melbourne is regarded as the ‘Auction Capital of the World’.
As at the week ending November 1st 2020, there were 420 reported auctions with an auction clearance rate of 85%. This same time last year there were only 188 auctions with an auction clearance rate of only 74%.
Premier Daniel Andrews began easing restrictions for the real estate industry over 4 weeks ago and to the surprise of many, Melbourne property prices (especially for quality properties) are now holding firm and is tremendous news for Melbourne, which has been in lockdown for many months due to covid-19.
Additionally, we heard yesterday from the RBA on Melbourne Cup Day, a further reduction on the cash rate to 0.1%. This news will no doubt add further significant demand from buyers alike looking at purchasing a property.
Finally, given there are many auctions now booked for the remainder of this year, and it appears further easing of covid-19 restrictions are well on the way, we should have a very good indication of the ‘state of play’ for the Melbourne property market by December in terms of its future outlook. At this stage, the outlook is looking promising…
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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