The week ending 3rd August delivered a clearance rate of 92% from the 560 auctions reported for the period (based on REIV data). At the same time last year, there were just 34 auctions reported.
392 homes sold at auction last week and another 120 sold prior to auction, with 46 passed in. 27 properties were withdrawn from sale and 104 auctions were postponed.
If you’re considering purchasing a home, be sure to ask the right questions and do your due diligence. There are currently some major infrastructure projects in the pipeline for Victoria. Exciting times but ensure you’ve read all the fine print in the contract to avoid having a train tunnel being built under your living room.
This is why it is so critical to have a Buyer’s Advocate by your side guiding you through some of the unforeseen pitfalls of buying a house. Alternatively, if you are a Seller who finds themselves in the position of being involved in a compulsory property acquisition, we can help you find your new home.
I cover some of these issues in my blog dated 27 September. Click here to read about the current projects in the works.
Talk to me about how I can help you buy your new home faster, for less.
We do offer our negotiate service for those buyers in the market looking to pounce on opportunities that arise. Get in touch if you’d like to know more.
Ask about our Home Buyer Search and Acquisition Service, where we do all of the legwork on your behalf to MAKE IT EASY to secure your new home.
Give me a call on 03 9686 2288 to discuss how I can help. I offer a free consultation, so why not call today?
