In sydneys north at least, there is no such underquoting.
If savy buyers dont report offenders other agents ALWAYS get wind of it and ALWAYS report it, and the underquoters have all been taught their lessons.
fantastic 68% clearance rate for melb auctions, once again the strength of RE is prevalent, through all the turmoil and doom and gloom that goes on day to day
A SHOCK earnings downgrade from industry leader Stockland Group, issued only two months after its latest full-year result, has sparked fears of a second round of profit warnings from the troubled listed property trust sector as it staggers under the global financial meltdown.
Melbourne is actually best in the country at the moment.
2% below a "reasonable" clearance rate. Inner suburbs all above 70%, but some fudged results out there as per REIV's "withdrawn" pile which even their representatives can't quantify ("a variety of reasons" was the best excuse they gave me).fantastic 68% clearance rate for melb auctions, once again the strength of RE is prevalent, through all the turmoil and doom and gloom that goes on day to day
Says who, the REIV? Enzo re-jigged the clearance rate figures 2-3 weeks ago in order to give a more favourable results. I think we have to be careful when comparing Melbourne to the rest of the country. If Melbourne could export Enzo to NSW who knows how high Western Sydney prices might be now?Melbourne is actually best in the country at the moment.
Victoria's migration rate ending March this year was only 1.7%, it's hardly leading the Migration charge, but maybe there's more specuvestors in that than say WA's 2.6%?Ive said before melb probably will do better due to migration.
camkawa said:Says who, the REIV?
Victoria's migration rate ending March this year was only 1.7%, it's hardly leading the Migration charge, but maybe there's more specuvestors in that than say WA's 2.6%?
Its not the rate but quality of migrants.
As I said LOTS of those with (a) MONEY and (b) INTENTION TO BUY seem to be heading straight for melb.
Has everything including big city professional job market but for much less money than syd.
Lots of threads on buying in melb/geelong on the british expat forum.
I said it about 3 months ago ... seems to be the only credible explanation for the huge clearance discrepancy?
hello,
gee amazing the bears colonel Mr Steven Keen is calling for 0% interest rates,
man that would be fantastic, even less to keep a roof over my head,
some people need to rein in there opinions,
thankyou
robots
Seem to be a few Melbourne property owners feeling ok about the market, Sydney bears/observers avoiding property.Melbourne recorded the strongest growth in property prices in the June quarter compared to other capital cities, with the median up 4.9% to $451,000, according to the REIV.
The median dropped by 2.1% in Sydney for the second quarter in a row.
AUSTRALIA has experienced its biggest annual exodus on record with 76,923 people leaving the country permanently in 2007-08, a new report shows.
And it appears the skills crisis is only set to worsen with the report showing almost half of those who left Australia permanently were in skilled jobs.
See the final bastion of the Australian RE permabull is going down the gurgler ......
http://www.news.com.au/travel/story/0,26058,24458448-5014090,00.html
So boring being right all the time !!
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