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

Auction Wrap – June 5th & 6th 2010

It was the highest number of auctions held on a winter weekend – ever. That shows you the choice available at the moment.

Are owners trying to salvage the good times as they feel conditions back off a little? That’s the question.

Clearances dropped again in Melbourne to 70%. The Inner North showed a number of ‘passed in’ properties over the weekend.

Admittedly, most of the stock we witnessed first hand actually sold pretty well. This was desirable property however in most instances.

Property offered over the weekend that had a few negatives on the other hand, really struggled.

Expect little auctions this coming weekend due to Queens birthday weekend, however the weekend following will see another mammoth weekend with over 1000 taking place.

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