REIV: Weekly Market Overview & Auction Results for Saturday 24th & Sunday 25th September 2011

The clearance rate this weekend is 53 per cent compared to 55 per cent last weekend. This weekend last year was the first grand final weekend so no clearance rate was issued.

There can be no doubt that ongoing concerns about the health of the global economy are having an impact on the confidence of buyers in the Melbourne auction market.

There have been a total of 628 auctions reported of which 335 sold and 293 were passed in, 195 of those on a vendors bid.

Next weekend there are only 50 auctions, less than half of those on Saturday. No clearance rate will be issued.

Enzo Raimondo
CEO REIV

REIV: Weekly Market Overview and Auction Results Saturday 17th & Sunday 18th September 2011

There was a minor improvement in the clearance rate this weekend with 57 per cent of homes offered at auction selling compared to 54 per cent last weekend and 69 per cent this weekend last year.

So far this year just over 11,500 homes have sold at auction. This is less than 2010, 2008 and 2007 but more than in either 2009 or 2006.

A total of 593 auctions were reported of which 338 sold and 255 were passed in, 173 of those on a vendors bid.

There is an increase in the number of auctions next weekend to 740 before a reduction for the AFL Grand Final.

All of Victoria will receive Melbourne Property TV from Monday. For those in Melbourne and Geelong it is on Ch31 (digital 44) and outside of those areas it will be on Channel 4 (digital 64).

Enzo Raimondo
CEO REIV

REIV: Weekly Market Overview and Auction results for Saturday 17th September 2011

There was a minor improvement in the clearance rate this weekend with 57 per cent of homes offered at auction selling compared to 54 per cent last weekend and 69 per cent this weekend last year.

So far this year just over 11,500 homes have sold at auction. This is less than 2010, 2008 and 2007 but more than in either 2009 or 2006.

A total of 540 auctions were reported of which 306 sold and 234 were passed in, 159 of those on a vendors bid.

There is an increase in the number of auctions next weekend to 740 before a reduction for the AFL Grand Final.

All of Victoria will receive Melbourne Property TV from Monday. For those in Melbourne and Geelong it is on Ch31 (digital 44) and outside of those areas it will be on Channel 4 (digital 64).

Enzo Raimondo
CEO REIV

REIV: Weekly Market Overview & Auction Results for Saturday 10th & Sunday 11th September 2011

The clearance rate this weekend is 55 per cent compared to 55 per cent last weekend and 70 per cent this weekend last year.

Whilst buyers and sellers alike will have welcomed the decision by the Reserve Bank to keep interest rates stable it has not been enough to cause a substantial improvement in the Melbourne auction market.

There have been a total of 561 auctions reported of which 308 sold and 253 were passed in, 164 of those on a vendors bid.

Around 1400 auctions are scheduled in the two weekends before the AFL Grand Final.

Anyone with an interest in the property market should make sure they watch Melbourne Property TV on Ch31 (44 on digital) at 8.30 Monday nights.

Enzo Raimondo
CEO REIV

Designers race to create best zero-carbon house for Adelaide

Five finalists have been named to compete to create the best design for a zero-carbon house in Adelaide.

The Land Management Corporation is holding the competition at its ‘green village’, Lochiel Park, at Campbelltown.

The challenge is to design a sustainable three bedroom home for a maximum cost of $300,000.

The winning design will be built on Lot 61 at Lochiel Park, the objective to represent a showcase an industry benchmark of energy-efficient, environmental standards.

REIV: Auction & Sales Results plus Weekly Market Overview for Saturday 27th August 2011

The clearance rate this weekend is 55 per cent compared to 57 per cent last weekend and 70 per cent this weekend last year.

Increased stock levels this weekend have resulted in conditions more favorable to buyers, a trend likely to continue into spring.

There were a total of 503 auctions this weekend of which 276 sold and 227 were passed in, 159 of those on a vendors bid.

For the first weekend of spring the REIV is expecting 530 auctions.

Enzo Raimondo
CEO REIV

Polly and Waz win The Block 2011

It was a red-carpet affair at the historic Fitzroy Town Hall in inner Melbourne for The Block‘s climax — the auction!

The people’s choice award goes to…

Rod and Tania who won a Toyota Corolla after being deemed the favourites in the people’s choice award. In an even more magnanimous gesture Toyota announced they would sell another Corolla on eBay, with the proceeds going to the Melanoma Institute of Australia.

An engaging surprise

Before the first auction Josh stunned everyone when he produced a tiny case and