Melbourne house values fall

Jun 6 2011 / 3:27 am Was written by Atwell & Co. Comments Off

Auction clearance rates have averaged just 56 per cent since February. Illustration: Suzanne White.Auction clearance rates have averaged just 56 per cent since February. Illustration: Suzanne White.

This is the first annual decline in home values since February 2009, signalling it could now be a buyers’ market.

MELBOURNE’S housing market slipped into the red over the year to April 2011, recording an annual seasonally adjusted fall of 0.4 per cent in home values across the greater Melbourne market place.

This is the first annual decline in Melbourne home values since February 2009, following a 29 per cent surge in values between 2009 and 2010.

Read More

Atwell & Co Real Estate
Unit 6 / 29-30 Grattan Street Prahran, Victoria 3181
Phone: (03) 9510 6203 URL of Map