Prices RISE For 5th MONTH..

11 Jun

Firstly HAPPIEST of 1st Kings Birthday Long Weekend..

Secondly, although the Reserve Bank continues to try to break the economy's spirit, Australia's property markets continue to RALLY for the 5th month in a row, with national house prices increasing +0.33% again in the last month of May, bringing prices up a total of +1.55% from the low point recorded in December last year.

The main driving factor in this at present has not been interest rates or any other artifical measures the RBA and the Government are applying, moreso SUPPLY constraints with respect to stock for sale and the continued surge in rental prices as many landlords and investors exit the market.

Auction rates have also been holding firm, stretching past 70%, improving above the levels seen in the back half of 2022. Although interest rates are close to peak levels, as we saw on the 1st Tuesday of June, it is likely we will still see rates rise further this year as inflation continues to try be reigned in and contained.

To read the FULL ARTICLE on this TOPIC by Lisa Calautti. CLICK HERE or HIT the IMAGE below..

This Week C+M Also COVERS:

5th Consecutive Month In A ROW..
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:

1/16 West St, Pascoe Vale: Street Facing Home, Coming Soon..
1/2 Ash Crt, Glenroy: Brand New Home, Comig Soon..
2/2 Ash Crt, Glenroy: Brand New in Cul-de-Sac, Coming Soon..
5a Emu Pde, Jacana: Dual-Occ Townhouse with Study, Coming Soon..
17 Housden St, Broadmeadows: Plans + Permits for 3, Coming Soon..

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

21 Bailey Cres, Oak Park: Townhouse in Popular Estate: $595k - $645k
149A View St, Glenroy: Dual-Occ Hideaway: $545k - $595k
40 Bamburgh St, Jacana: Plans + Permits for 3: $590k - $630k

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

21 Ridge Road, Oak Park: SOLD @ Off Market: $1,450,000
4/53 Warwick Rd, Pascoe Vale: SOLD @ Private Sale: $485,000
8/135-137 Cardinal Rd, Glenroy: SOLD @ Private Sale: $640,000
11/15-17 Nerissa Gr, Oak Park: SOLD @ Private Sale

Book Your INSTANT Price CHECK.?

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:
10th June '23

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

  
    STATISTIC
    DATE
    No. or %    
  

    Results Available
    This Week
    300
  

    SOLD @ Auction
    This Week
    142
  

    SOLD Prior
    This Week
    44
  

    Clearance Rate
    This Week
    64%
  

    SOLD after Auction
    This Week
    7
  

    Withdrawn
    This Week
    46
  

    Total Scheduled
    This Week
    354
  

    PASSED IN
    This Week
    61
  