Sydney's true clearance rate could be 40%: John Cunningham, REINSW
An unusually high percentage of Sydney auction results weren't reported last week, says REINSW president John Cunningham, causing him to ponder the worst-case scenario: if those properties didn't sell, Sydney's clearance rate could be 40 per cent.
Victorian first-home buyers' 2018 shared-equity scheme open for registrations
Victorian first-home buyers can express their interest in HomesVic — a shared equity scheme that will see the state government provide up to 25 per cent of the initial price of a buyer’s first home.
Melbourne's best performing real estate: two-bedroom houses
The median price for a two-bedroom house in metropolitan Melbourne is $891,500, more than the median price for a three-bedroom house in the same area, and up 17.1 per cent for the year.
The Block auction results positive sign for Melbourne market
All five houses in the 2017 series of The Block sold on the weekend, and though profits were down on the previous year, all sold for more than their reserve.
REIV anticipates biggest ever weekend for Melbourne auctions
The Victorian property market is gearing up for what could be the biggest auction weekend in the state’s history, with around 1,900 homes expected to go under the hammer.
Melbourne's top growth suburbs for real estate prices
New data from the REIV shows that government incentives have created strong demand for property at the lower end of the Melbourne market, with 44 per cent of all sales in the September quarter valued at less than $600,000.