Latest Market Wrap (28 March – 3 April)

Nigel Market WrapWith over 1,000 auctions scheduled in Melbourne this weekend and clearance rates edging over 80 per cent, market conditions are positive from both demand and supply perspectives. In amongst the pre-Easter activity, there are a number of unique auctions taking place within the hockingstuart Network.

The Bentleigh office, recently named one of the top three offices in Real Estate Business’ Top 50 Agencies, has introduced Thursday night Auctions, enabling Buyers to jump the gun before hundreds of properties go under the hammer on the weekend. Meanwhile, six hockingstuart offices have added a quirky listing to their books – a cubby house – in the name of charity. The cubbies have been specially crafted for the annual Kids Under Cover Cubby House Challenge to raise funds for the charity’s work with homeless and at-risk youths. Our agents will be auctioning the unique homes this weekend at the Melbourne International Flower and Garden Show. We wish our Agents the best of luck in supporting Kids Under Cover and the valuable work they do in placing a roof over the heads of young people. For Buyers gearing up to make their more this weekend, we hope the big Auction weekend goes well for you too.