Woop, there it is.

Don’t look now but this weekends auction results could be surprising. Traditionally cooler weather spells subdued results but our on-the-ground sources (thanks to the Harcourt Hills boys) as well as preliminary Melbourne results say something. A sustained surge? We wait to see. More…

Ed: Shout out to Ant-eater high-five.

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Auction Clearance Rates – Take a Guess.

As we have already pointed out (ahem, Feb 27) weekly auction results can be as elastic as grandma’s undies. The reporting of auction results is voluntary and often we see un-reported results excluded from the calculation of the weekends clearance rate. Chris Vedelago does a nice job of pointing this out. We joyfully second him questioning why our esteemed RBA even quote these figures? Chris makes it clear “perhaps instead of just citing them, the RBA can lend its weight to ensure they’re as accurate as possible”. (ED: Props for the Numberwang reference). More…

Bubbleiscious

The Richmond auction result on this dilapidated wreck of a home has created a real buzz on comment. As reported by Chris Vedelago; “Three bidders fought over the property, with the winner paying $700,000 at the fall of the hammer when the price blew past the $630,000 reserve. (Yarra council assessed the site value at $585,000 and the capital improved value at $630,000 in early 2010)”. So, yes, there a properties that make you stand up and pay close attention amongst the hundreds out there. Question is, what are the key ingredients that make something worthwhile? More…