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top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

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1/10
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top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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AFL Grand Final dents Melbourne clearance rate

By Staff Reporter
02 October 2009 | 1 minute read

Property listings were surprisingly lacklustre in Melbourne on the final weekend of the government’s boost to the first home owners grant, according to RP Data.

Only 139 properties went under the hammer last weekend, dropping from 873 the weekend prior.

Many attributed the fall in listings to the AFL grand final.

But despite the lower than expected listing, Rob Ellis of Property Insights said demand for property remained strong thanks to high population growth, low vacancy rates and a significant improvement in affordability.

“In light of this and the muted increases in housing supply to date, it is hardly surprising the property prices have been on the rise,” he said.

Sydney on the other hand, continued its strong run, with 811 properties going under the hammer last weekend.

The capital city achieved a clearance rate of 74.2 per cent, according to RP Data. Sydney’s clearance rate has only dropped below 70 per cent twice in the last three months.

It will remain to be seen whether or not the city can keep up its stellar run of clearance rates now the FHOG has been wound back.

AFL Grand Final dents Melbourne clearance rate
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top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
Do you have an industry update?

top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.