Autumn Newsletter 2021
There were 972 auctions for the week ending 3rd April 2022 achieving a clearance rate of 76% according to the REIV. The number of properties on the market has now returned to healthier levels compared to only 175 auctions at the same time last year. The increase of listings in the market are contributing to the stabilisation of the property market where we are seeing the clearance rates consistently in the mid to high 70s.
This also is reflective of what we are seeing on the ground, where there are considerably less bidders per property at most auctions throughout Melbourne.
The rental market also appears to be showing signs of a strong recovery with the vacancy rate becoming less and less.I hope you enjoyed this Autumn 2022 edition of Your Australian Property Newsletter and as always, I thank you for the ongoing support of our services.
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.