June 23, 2010, Australia - From the latest Australian Real Estate News stated that there has been an increased on their home for sale industry. According to the analysis of sales figures which released recently stated that almost a million dollar homes are selling at a rate of one every two hours.
Mal James from Melbourne's James Buyers Advocates said that, “The staggering spending habits of some home buyers have seen the equivalent of 12 $1 million-plus homes selling a day at auctions for the past three weekends. There has been an incredible 180 sales over a million in the last fortnight including the Queen's Birthday weekend”
These figures that have been released by James will be auctioned at the real estate market according to Real Estate Institute of Victoria spokesman Robert Larocca. This home percentage increase was likely because of the cooling down on high end market and that it will not continue, he added.
"It can be both things at once," Mr Larocca said. The 942 homes for sale in Australia on Saturday and Sunday made it the biggest winter weekend in Melbourne ever. This according to the organizer of the auctions was twice doubled since the last year percentage. Of the 942 properties for sale, 539 sold at auction, 98 sold earlier than, one sold after and 304 were approved.
Source: Herald Sun News
Mal James from Melbourne's James Buyers Advocates said that, “The staggering spending habits of some home buyers have seen the equivalent of 12 $1 million-plus homes selling a day at auctions for the past three weekends. There has been an incredible 180 sales over a million in the last fortnight including the Queen's Birthday weekend”
These figures that have been released by James will be auctioned at the real estate market according to Real Estate Institute of Victoria spokesman Robert Larocca. This home percentage increase was likely because of the cooling down on high end market and that it will not continue, he added.
"It can be both things at once," Mr Larocca said. The 942 homes for sale in Australia on Saturday and Sunday made it the biggest winter weekend in Melbourne ever. This according to the organizer of the auctions was twice doubled since the last year percentage. Of the 942 properties for sale, 539 sold at auction, 98 sold earlier than, one sold after and 304 were approved.
Source: Herald Sun News
1 comments:
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