The latest happenings in the Melbourne property market. For our Essays and The Secret Agent Report, see our Research page.

At auction this weekend

Auction numbers have doubled this weekend to 375 from last weekends 182 – still not at full volume just yet.

Stock going under the hammer next weekend is set to rise considerably with numbers around the 700 mark and the weekend after that at 950.

Although clearances have been somewhat lower this year than at the beginning of 2010, it’s still to early to determine how the auction market will play out for the beginning of 2011. It will however be interesting to see if we carry on the trend from last year or whether the market will improve a little.

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