In real estate, there’s a simple truth that holds steady no matter the market conditions: good properties, in good locations, always find good buyers and achieve good prices. This is what I call the Rule of the Three Goods.
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Right now, auction clearance rates are sitting comfortably in the mid-70s to mid-80s. Buyer confidence is back. The only thing missing? Stock. We’re still seeing less than 1,000 auctions a week being conducted, which means competition is fierce.
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As we move into the spring property market, the big question on everyone’s mind is whether we’ll finally see listing levels improve.
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The Melbourne property market is starting to move and if you’re not already in, you could be about to miss your window.
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Has Melbourne’s Property Market Turned the Corner?
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