Property Market Update 16th November
By | 16th Nov 15

The clearance rate was consistent this weekend sitting at 71% with over 1000 properties heading to auction over the weekend within Melbourne. As the end of the year draws to a close we will start to see the last campaigns of the year commence their four week campaigns. We expect the end of the year to bring some strong results in particular for family homes as people try to finalise their plans before Christmas. Over the past 12 months family homes in the inner and middle Melbourne suburbs have shown the highest appreciation with the growth rate sitting at around 15 percent. A great example of continuing growth of the housing market was a house sale in Doncaster a fortnight ago which sold for an astonishing $2.4m which was a $1m increase on the price paid around 12 months ago.

We were honoured when Ronald Perera won Owners Corporation Manager of the year at the latest REIV awards, he was recently interviewed by The Real Estate Conversation about his role and the key attributes of a good manager. When we established our Owner’s Corporation it was done with the desire to create a department with a genuine care factor. Ronald certainly exudes this sentiment listing one of the most important attributes as a genuine desire to understand and help people. To read the full article please Click Here.

Sunday fortnight I was onsite for the public open for inspection where approximately 2,000 plus fans lined the South Yarra Streets to meet the contestants and inspect their hard work for themselves. Many a selfie were taken on the day and it was great to meet so many of shows enthusiasts and see that the genuine appreciation for the transformation this property has gone through. I have recently joined the world of Instagram and I posted photos from the open day, to see the photos and to follow me Click Here.