Property Futures

Real Estate News, Reviews and Investment

A Super Saturday in Melbourne

A Super Saturday in Melbourne.

A Super Saturday in Melbourne

Auction sales of Melbourne-based homes show signs of an improving property market in Australia.

Of the more than 1,000 homes up for auction on what is called Super Saturday, 73% were sold. This is an indication of consumer confidence and market growth– the best seen in over two years, says Australia’s Herald Sun.

Predictions for further growth include 5% estimates over the next six months.

Some of the properties sold include:

    • A three-bedroom apartment in Prahran at AUD$656, AUD$46,000 over the reserve price.
    • A four-bedroom house in Forrest Hill at AUD$670,000, AUD$22,000 over the reserve.
  • A one-bedroom apartment in Williamstown at AUD$225,000, within the reserve price.

 

Super Saturday is Australia’s biggest auction day, held once per year.

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This entry was posted on February 28, 2013 by in Future, Investment, Property and tagged , , , .

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