Clearance RATES Building

30 Apr

It's about time..

As we approach the final few weeks of Autumn, many Melbourne Real Estate Agencies are finally reporting that Auction Clearance Rates are building. Which for Melbourne has always been one of the strongest indiciators of market confidence and direction.

Many statistical reporting agencies last week, reported prelimanry clearnace rates around 70%, which are genreally levels that have historically indicated healthy property market conditions.. With a combination of:

The recent PAUSE in intrest rates by the RBA
The shortage of supply of homes in Melbourne
The 308,000 additional growth in Melbourne population by immigration in the past 12 months
Plus the recent improvement in consumer sentiment driven by more positive media coverage

All combining towards the current building and improvement in Melbourne's and Sydney's key Australian property markets.

To catch the FULL ARTICLE by Scott Carbines (Property Journalist for the Herald Sun). Simply CLICK HERE or HIT the IMAGE below..

This Week C+M Also COVERS:

Clearance Rates BUILD..
C+M Market Activity & Clearance Rates..
Get your INSTANT Property Price Online.?
Your Suburbs SOLD Results..
Quote of the Week..

C+M Market Activity Past 7 DAYS..

The week's PRE-MARKET and YET to be Photographed homes:

8/135-137 Cardinal Rd, Glenroy: The Perfect Starter, Off Market..
2/37 Danin St, Pascoe Vale: Single Level Home, Off Market..
2/15 Becket St South, Glenroy: Sinle Level Beauty, Coming Soon..
27 Archibald St, Pascoe Vale: Street Facing Townhouse, Coming Soon..
1/21 Tudor St, Glenroy: Street Facing & DOUBLE Garage, Coming Soon..
17 Housden, Broadmeadows: Pland & Permits for 3, Coming Soon..
48 Maude Ave, Glenroy: Plans & Permits for 4, Coming Soon..

The week's NEWEST home to market at C+M Residential:

3/156 Mebourne Ave, Glenroy: Single Level Beauty: $695k - $745k
1/90 Daley St, Glenroy: Street Facing & DOUBLE Garage: $650k - $695k
2/17 Bindi St, Glenroy: Brand New Townhouse: $575k - $610k

The week's local SOLD results at C+M Residential:

5/12 Murrell St, Glenroy: SOLD @ Private Sale; $560,000
1/10 Valdoone Crt, Oak Park: SOLD @ Private Sale: $900,000
3/178 Glenroy Rd, Glenroy: SOLD @ Private Sale: $485,000
8/23 Watt Ave,Oak Park: SOLD @ Private Sale: $685,000
3/44 Valencia St, Glenroy: SOLD @ Private Sale: $690,000
2/99 Boundary Rd, Coburg North: SOLD @ Prior to Auction: $571,000
5/24 Leighton Cres, Fawkner: SOLD @ Private Sale: $695,000
3/22 Margaret St, Oak Park: SOLD @ Private Sale: $645,000
8/24 Leighton Cres, Fawkner: SOLD @ Private Sale: $596,000
24 Maher St, Fawkner: SOLD @ Auction: $806,000
38A Tassell St, Hadfield: SOLD @ Auction: $1,072,000

Get Your INSTANT Property Price.?

Like to know your INSTANT Property Price estimate online. Request yours now by simply CLICKING the IMAGE below or this LINK HERE.

*If you would prefer to BOOK in a more accurate Property Price Check in person with one of our team, you can request this as well.

Auction STATS:
29th April '23

*preliminary results based on Sundays data from realestate.com.au

  
    STATISTIC
    DATE
    No. or %    
  

    Results Available
    This Week
    674
  

    SOLD @ Auction
    This Week
    347
  

    SOLD Prior
    This Week
    107
  

    Clearance Rate
    This Week
    68%
  

    SOLD after Auction
    This Week
    4
  

    Withdrawn
    This Week
    73
  

    Total Scheduled
    This Week
    827
  

    PASSED IN
    This Week
    143
  