Learn MORE about your Suburb

2 Apr

There are growing signs that the RBA agressive tightening of monetary policy, namley the sharp raising of interest rates, is now causing pain across the housing sector. Evidenced clearly by the tumbling level of new mortgage and home loan approval rates. According to the National Bereau of Statistics, they have now fallen by -35% in the past 12 months.

Many would be 1st home buyers, have shied away from taking the 1st leap of faith into the housing market, only fuelling the severe shortage of rental properties available. The continuing trend for the majority of rental properties has seen multiple applications being put forward within days of launching and more often than not, would be tenants offering well over the advertised guides to try and get on the front foot and secure their rental instead of buying. This has contributed to the average +35% uplift in many rental values across most capitable cities, in particular Melbourne & Sydney.

With prices in Melbourne & Sydney on average -10% lower than their previous peak, there is certainly much food for thought for investors to seriously consider re-entering the market to take advantage of some of the strongest rental returns in almost a decade.. If you'd like to LEARN more about your Suburbs Insights, for EG:

The median price for Houses/Units
Average Days on Market
Your area's specific Clearance Rate
How many homes have SOLD this year

You can enter your suburb into the SUBURB INSIGHTS finder we have available for our C+M clients, so you can learn more about what's happening in your neck of the woods.. Simply CLICK HERE or HIT the IMAGE below..

This Week C+M Also COVERS:

Your Suburb Insights..
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:

2/46 Hubert Ave, Glenroy: Near new Townhouse, Coming Soon..
2/31-33 Davis St, Hadfield: 2 Story Townhouse, Coming Soon..
2/54 Loongana Ave, Glenroy: 3 Bedroom Townhouse, Coming Soon..
33 Tassell St, Hadfield: WHAT a home, Coming Soon..
37 Warwick Rd, Pascoe Vale: Great Investment Oppotunity, Coming Soon..
1/5 Hyde St, Hadfield: Street Facing Home, Coming Soon..

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

1/20 Quick St, Pascoe Vale: Street Facing Beauty: $845k - $905k
2/20 Quick St, Pascoe Vale: Brand New & Double Garage: $795k - $865k
3/22 Maragret St, Oak Park: IN The Zone: $625k - $665k
38A Tassell St, Hadfield: Side by Side Stunner: $955k - $1.050m
5/12 Murrell St, Glenroy: 2 bed Townhouse: $530k - $550k

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

17 Kinross St, Pascoe Vale: SOLD @ Auction prior to launching: $1,183,000
6/9 Danae St, Glenroy: SOLD @ Private Sale after 1 week: Contact Agent
3/25 Prospect St, Glenroy: SOLD @ Private Sale: $580,000
3/15 Winifred St, Oak Park: SOLD @ Private Sale: $675,000

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:
1st April '23

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

  
    STATISTIC
    DATE
    No. or %    
  

    Results Available
    This Week
    932
  

    SOLD @ Auction
    This Week
    448
  

    SOLD Prior
    This Week
    178
  

    Clearance Rate
    This Week
    68%
  

    SOLD after Auction
    This Week
    9
  

    Withdrawn
    This Week
    118
  

    Total Scheduled
    This Week
    1298
  

    PASSED IN
    This Week
    179
  