Melbourne auction market report, July 2021

Melbourne auction market report, July 2021

Latest posts, Melbourne

In Melbourne, all 9 sub-regions saw a substantial increase in auction volumes when compared to both the previous quarter and this quarter last year. The Inner region was the busiest spot for auctions over the quarter (2,614), followed by the Inner South (1,865), and the North East (1,725). The Mornington Peninsula was the best performerRead More

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Melbourne Housing Market Update [video] | July 2021

Melbourne Housing Market Update [video] | July 2021

Insight, Melbourne

Melbourne house values were up 1.5% in June, slightly below the combined capital city average if 1.9%. You can also check out the local reports for Brisbane and Sydney. However, the financial year growth rate at 7.7% was the lowest of any capital city and well below the combined capitals average of 13.5%. House values haveRead More

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Pain and Gain: Melbourne

Pain and Gain: Melbourne

Insight, Latest posts, Melbourne, Property Investment

Across greater Melbourne, the rate of profit-making sales fell 20 basis points in the March 2021 quarter, to 94.5%. Despite the decline, Melbourne was still the second-most profitable capital city in terms of the portion of resales achieving a nominal profit. This was behind Hobart, at 98.4%. The increase in the rate of loss-making salesRead More

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