Tag Archives for " Melbourne Auctions "

What the auction Clearance Rate means to you

Last week I was talking about median prices, so this week, let’s look at another water cooler topic – property auction Clearance Rates. The “Clearance Rate” we see each Sunday over our lattes, smashed avo and corn fritters is the number of properties which were reported as having sold at or before Auction on the […]

  • 4 years ago

I haven’t met anyone who’s “bought Melbourne”…

A good way to trip yourself up on property pricing is using the median price as a definitive statement on conditions. Median is, by definition, the middle point within a spectrum and (in real estate terms) is influenced by the number of transactions at values either above or below that point – the more transactions […]

  • 4 years ago