Finally, things are looking up

Sep 21 2011 / 4:21 am Was written by Atwell & Co. Comments Off

Spring looking good for property

The property at 2-4 Stanley Street, Ivanhoe, attracted more than 45 bids. Picture: Michael Clayton-Jones.

Supply levels have finally risen in the spring selling season.

Melbourne is finally starting to see a boost in auction numbers for the spring selling season, which appears to have started late this year due to growing concerns about the health of the economy and property market.

There were 626 auctions scheduled around the city yesterday, which is the highest supply level seen for a Saturday in months but still comparatively low for this time of year.

The number of properties that have gone up for auction in September is down 16 per cent compared with the past two years, but about on par with the stock level seen during the 2008 global financial crisis.

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Atwell & Co Real Estate
Unit 6 / 29-30 Grattan Street Prahran, Victoria 3181
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