MARKET UPDATE APRIL 2013

Posted on 16 Apr 2013, 2:35 p.m. in Abercromby's, Market Updates

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The current strength of the 2013 residential market has not been witnessed for
several years.

Abercromby’s clearance rates are running at 92% as compared to the industry average of just over 70%.

Interest rates remain steady, the stock market has increased, which in turn gives both Vendors and Purchasers confidence to act.

Some exceptional results have been achieved over the past month including:

• 186 Burke Road, Glen Iris.
• 45-47 Lyndhurst Street, Richmond.
• 21 Vincent Street, Glen Iris.
• 9 & 10 Lisbuoy Court, Toorak.
• 4 Devorgilla Avenue, Toorak.
•150/1008 Clarendon Street, East Melbourne.
• 54 Caroline Street, South Yarra.

And we have a superb collection of luxury and lifestyle properties on offer.

To learn more about the premier, premium, independent partnership driven business, please feel free to contact us on 9864 5300.

MARKET UPDATE: MARCH 2013

Posted on 6 Mar 2013, 3:49 p.m. in Abercromby's, Market Updates

The 2013 residential market has jumped out of the blocks. Large numbers at our open for inspections and multiple bidding at our auctions. With confirmed low interest rates and the stock market increasing by 17% since November 2012, we have seen a lot of confidence from buyers and vendors meeting their expectations.
Several top end sales we have sold “off market” include:

• 21 Denbigh Road, Armadale.
• 17 Union Street, Armadale.
• 114 Vale Street, East Melbourne.
• 21 Vincent Street, Glen Iris.

We have some quality luxury and lifestyle homes on the market including:

• 186 Burke Road, Glen Iris.
• 23 Wangaratta Street, Richmond.
• 348 Bay Street, Port Melbourne.
• 20 Normanby Place, Richmond.
• 4 Devorgilla Avenue, Toorak.
• 9& 10 Lisbuoy Court, Toorak.
• 70 Sutherland Road, Armadale.
• 150 Finch Street, Glen Iris.
• 45 Lyndhurst Street, Richmond.
• 12 Davis Avenue, Kew.
• “Sunnyside” George Street, East Melbourne.

To learn more about the market or to discuss your property needs – whether it be buying,selling or renting – please feel free to contact us on 9864 5300.

MARKET UPDATE JANUARY 2013

Posted on 23 Jan 2013, 5:26 p.m. in Abercromby's, Market Updates

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The residential property market finished 2012 in a positive mood.
Several top end sales of $10 million plus were made (Abercromby’s included) and this contributed to a filtering effect through the market place.

We feel the momentum gained in the last quarter of 2012 should continue for the first quarter of 2013.We have already listed some quality homes to offer for auction in the first quarter, so keep an eye on our website.

As 2013 is a Federal election year, historically markets go into a major slow down six weeks before the election date. So if you are considering selling, the first quarter should be a good one.

To learn more about the market or to discuss your property needs – whether it be buying or selling please feel free to contact us on 98645300.

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