Melbourne Property Insights Archive | Marketnews.com.au

Have I gone too early?

Looking at today’s results, that’s a fair question to ask. Clearances (61%), Bidderman (1.5) — back into the no so brilliant range on the 33 auctions we covered today.

We covered 39 Auctions today as part of our 100 Auction Test to begin 2025M1. She’s Strong!

And to start – all I can say is WOW.

What a change in mood,
What a change in outlook,
What a change in early February results between 2024 and 2025.

Do the maths and play the percentages. A great buyer agent with period home experience costs 1-2% of your purchase price. Your renovation could cost anywhere from 20% to 150% of that purchase price. That’s up to 130 times the cost of good advice.

Real Estate Top End: Welcome to 2025!

The first serious open numbers are rolling in, and many agents in Melbourne are reporting big numbers. Of course, we agents tend to be optimistic about our potential earnings – it’s in our DNA!

With Santa starting his engines, we look back upon our year and we also ask some of the best going around their opinion on how they found 2024 and what they think of early 2025 will bring.

Second last for the year as we wind into Santa – this week a real page turner click on this to see what happened in 2024.

Last night culminated in another no-exception deal. Our client bought a great home pre-auction, one she really wanted, and Rae made us pay, as she almost invariably does, by lining up some stiff competition out of nowhere.

Bayside is back with the mantle of our worst Top End market and why many are still being recommended to go to auction right now is unfathomable in the make sense department, especially when the seller is spending $10,000 to $20,000 to fail

Buyers Don’t Believe in Bayside’s Big Brands

How can Bayside’s auction clearance rate be below 50% so often, with fewer bidders per auction than auctions themselves, yet major brand agents still claim their branding makes a difference?