St Kilda The median price of a house in Melbourne increased by nearly 9% in the September quarter in seasonally adjusted terms to $595,500. Apartments and units recorded a 4.8% increase to a median of $481,500.
After 4 decades in the Real Estate profession I have seen a number of market cycles now so I feel somewhat confident in predicting the outlook over the next upcoming quarter appears positive. Depending which guessing commentator you believe, interest rates will either remain at the current level for some time or the alternative view is they will drop even further.
While the supply of quality property remains tight combined with affordable interest rates we predict the market to stay strong through 2014.
We are extremely proud to announce 100% of properties we have been instructed to market by Auction have all been successfully sold. With our upcoming Auctions over the next few weeks, we are making all effort to ensure our clients success and a 100% success rate for the year 2013 by our company.
We are now accepting instructions for properties to be placed on the market for Auction in 2014. Campaigns will sensibly commence towards the end of January and we are looking forward to obtaining ongoing outstanding results for our upcoming Vendors.
Always being innovative Whiting & Co recently offered a stately Elwood home with an ‘Advertised and disclosed Reserve’ of $1,300,000. Very positive feedback was offered by the buying public congratulating whiting & Co on such a transparent process. Huge interest was generated and an immense crowd attended the Auction resulting in another delighted Vendor client.
There are now just a handful of Auction weekends before the Christmas closedown.
As usual it has crept up on us all and suddenly I am seeing Christmas decorations in stores and being displayed by local community groups. It will be a busy last few weeks.
