
The rise and rise of booming Melbourne auction property market
08/18/2016
The Melbourne home auction market continues to strengthen with escalating boom-time results, reflecting sky-high confidence after the recent interest rate cut and a surge by investors.
Relatively low auction numbers also remain a key ingredient of higher clearance rates, with strong competition among buyers for available properties.
The strong market conditions are being shared reasonably evenly amongst Melbourne’s suburban regions, with the recently quieter eastern suburb markets also