Market Update – a snapshot of quarterly activity
• The Melbourne market has been delivering consistent results for sellers in the past 4 weeks (June) with very little change in the weekly clearance rate.
• Melbourne dwellings show very short term variability against a stable background with a 2.9 per cent rise over the first half of the year.
• The market is well-placed for spring, well ahead of any of the previous three years.
• “This is less of a roller coaster ride than the last 2 cycles in 2007 and 2010 and therefore likely to be sustainable”
Source: RP Data-Rismark and RP Data market updates