The clearance rate data for 20th June 2026 should concern every vendor thinking of going to auction. Saturday’s numbers tell three very different stories depending on whom you listen to. On Saturday, the REIV reported a preliminary clearance rate of 65% & REA Group reported 46% across 1,375 auctions.
Since the Federal Budget was handed down, I’ve witnessed a noticeable shift in investor behaviour. Many of the investors I work with who were previously considering established homes are now focusing almost exclusively on new-build properties. The reason is simple: they want to preserve access to negative gearing and the
Each week we attend, bid, monitor and track Auctions. The current clearance rate in Melbourne, according to REIV 63% and REA said 49%. After 18 years of tracking auction clearance rates on Saturday, 20th June, I’ve learnt not to believe what is published on a Saturday afternoon. These preliminary clearance
South Yarra’s Domain Road precinct has long been one of Melbourne’s most quietly prestigious addresses, tree-lined, blue-chip, and home to some of the city’s grandest 19th-century residences. Now, one of its most historically significant properties is about to be tested by the open market for the first time in decades.
Today we monitored 8 auctions across Melbourne! 34 Canberra Road, Toorak, – Started at 2.5-26M – Price drop to 2.3-2.5M – Sold for an undisclosed amount. 1/64 Irving Road, Toorak – Quoted – 1.690-1.850M – Passed in, now a private sale. 1/20 Grange Road, Toorak, Quoted 2.4-2.6M –
Purchasing at $20M+ in Victoria involves layers of due diligence that standard residential transactions simply don’t encounter at the same intensity. Planning overlays in Toorak are significant. Heritage overlays, neighbourhood character overlays, and vegetation protections all affect what can be done with a property over time. Buyers who intend to
The house at 39-41 Hopetoun Road, Toorak, was initially listed at 17-18.5 million. However, like many homes at the top end of the market, the price has been reduced to 14.5 million. The land size of 1,665 m2 is significant, and Hopetoun Road, Toorak, would be in my top
Three auctions. One clear message is that quality is still commanding attention, but the market has no patience for mispricing. Suburbs covered: Prahran · Armadale · Malvern East. Price range: $3M – $6.5M 19 Chatsworth Road, Prahran, Passed In, Now Listed at $3,675,000 Quote: $3,400,000 – $3,700,000 | Passed
Victoria’s rental laws have undergone their most significant overhaul in decades. If you own residential investment property in this state, the rules governing what you can and cannot do have changed substantially, and the consequences of non-compliance are serious. This article sets out your key obligations as a rental provider,
Saturday, 16th May 2025 This weekend’s auction circuit delivered a sharp contrast in outcomes, a heated bidding in Armadale that blew well past the quote, and a sobering pass-in in South Yarra that told a different story about vendor expectations and market sentiment. Both results carry lessons for buyers,
We attended the auction of 76 Park Road in Middle Park. The home was a three-bedroom, two-bathroom home on approximately 337 m² of land. The home last sold as a 4-bedroom in 2023 for $4,025,000, and the current owners completed a significant cosmetic renovation. They actually removed one bedroom upstairs
Why Melbourne Sellers Are Choosing a Vendor Advocate And How Our Multi-Agent Approach Gets Better Results Thinking about selling your home in Melbourne? Before you call a real estate agent, there’s something you should know, and it could be worth tens or hundreds of thousands of dollars to you. I’m
The Melbourne property market has changed dramatically since the 2022 peak. War in the Middle East, Federal Budget changes to CGT and negative gearing, rising interest rates, cautious buyers, longer days on market and tighter borrowing conditions have created a tougher environment for homeowners and property investors looking to sell.
The South Yarra auction at 7 Hawksburn Road told a story that most buyers never get to see, and it’s one worth understanding and being aware of if you’re considering buying property in Melbourne. What Happened at 7 Hawksburn Road, South Yarra? I attended the auction at 7 Hawksburn Road,
Today I attended two of Toorak’s most significant auctions. For the first time since 2022, an Auction above 8M played out in the street. Both homes passed in. Here’s what I saw and what it means. 7 Russell Street, Toorak, Guide $8.5M–$9.0M on 1,095m², an Executor’s Sale. This distinguished classical
Acknowledgement of Country: Industry Insider respectfully acknowledges the Traditional Custodians of the land on which we work, the Bunurong Boon Wurrung and Wurundjeri Woi Wurrung peoples of the Eastern Kulin Nation and pays respect to their Elders past, present and emerging.
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