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Are buyers still active in Melbourne Despite rate rices

• 𝗠𝗲𝗹𝗯𝗼𝘂𝗿𝗻𝗲’𝘀 𝗮𝘂𝗰𝘁𝗶𝗼𝗻 𝗺𝗮𝗿𝗸𝗲𝘁 𝗶𝘀 𝗽𝗿𝗼𝘃𝗶𝗻𝗴 𝗺𝗼𝗿𝗲 𝗿𝗲𝘀𝗶𝗹𝗶𝗲𝗻𝘁 𝘁𝗵𝗮𝗻 𝗺𝗮𝗻𝘆 𝗲𝘅𝗽𝗲𝗰𝘁𝗲𝗱. Even with the recent interest-rate rise, preliminary clearance rates have been sitting around the 𝗺𝗶𝗱-𝟲𝟬% 𝗿𝗮𝗻𝗴𝗲, showing that 𝗯𝘂𝘆𝗲𝗿𝘀 𝗮𝗿𝗲 𝘀𝘁𝗶𝗹𝗹 𝗮𝗰𝘁𝗶𝘃𝗲 𝗮𝗻𝗱 𝘄𝗶𝗹𝗹𝗶𝗻𝗴 𝘁𝗼 𝗰𝗼𝗺𝗽𝗲𝘁𝗲 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗿𝗶𝗴𝗵𝘁 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆. While headlines talk about uncertainty, the reality on the ground is that 𝘄𝗲𝗹𝗹-𝗽𝗿𝗲𝘀𝗲𝗻𝘁𝗲𝗱 𝗵𝗼𝗺𝗲𝘀 𝗶𝗻 𝗴𝗼𝗼𝗱 𝗹𝗼𝗰𝗮𝘁𝗶𝗼𝗻𝘀 are still attracting solid interest and strong bidding.
• What’s creating a bit of hesitation isn’t just rates—it’s also the ongoing discussion around potential 𝗰𝗮𝗽𝗶𝘁𝗮𝗹 𝗴𝗮𝗶𝗻𝘀 𝘁𝗮𝘅 𝗰𝗵𝗮𝗻𝗴𝗲𝘀. Some investors are taking a 𝘄𝗮𝗶𝘁-𝗮𝗻𝗱-𝘀𝗲𝗲 𝗮𝗽𝗽𝗿𝗼𝗮𝗰𝗵, which is slightly reducing investor competition at auctions. For owner-occupiers and serious buyers, however, this can actually create a 𝘄𝗶𝗻𝗱𝗼𝘄 𝗼𝗳 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆. With fewer speculative buyers, 𝗴𝗲𝗻𝘂𝗶𝗻𝗲 𝗽𝘂𝗿𝗰𝗵𝗮𝘀𝗲𝗿𝘀 𝗮𝗿𝗲 𝘀𝘁𝗲𝗽𝗽𝗶𝗻𝗴 𝗳𝗼𝗿𝘄𝗮𝗿𝗱 𝗮𝗻𝗱 𝗺𝗮𝗸𝗶𝗻𝗴 𝗱𝗲𝗰𝗶𝘀𝗶𝘃𝗲 𝗼𝗳𝗳𝗲𝗿𝘀 on quality homes.
• For sellers, this means 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆 𝗺𝗮𝘁𝘁𝗲𝗿𝘀 more than ever. Buyers are still there, but they are more 𝘀𝗲𝗹𝗲𝗰𝘁𝗶𝘃𝗲 𝗮𝗻𝗱 𝗻𝘂𝗺𝗯𝗲𝗿𝘀-𝗳𝗼𝗰𝘂𝘀𝗲𝗱. Properties that are 𝗽𝗿𝗶𝗰𝗲𝗱 𝗰𝗼𝗿𝗿𝗲𝗰𝘁𝗹𝘆, 𝗺𝗮𝗿𝗸𝗲𝘁𝗲𝗱 𝘀𝘁𝗿𝗼𝗻𝗴𝗹𝘆, 𝗮𝗻𝗱 𝗻𝗲𝗴𝗼𝘁𝗶𝗮𝘁𝗲𝗱 𝘄𝗲𝗹𝗹 are still achieving excellent results. Clearance rates holding 𝗮𝗯𝗼𝘃𝗲 𝟲𝟬% in this climate is a sign that the market hasn’t stopped; it’s simply become more calculated and professional.
• If you’re considering selling, this is where 𝘄𝗼𝗿𝗸𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝗿𝗶𝗴𝗵𝘁 𝗮𝗴𝗲𝗻𝘁 𝗺𝗮𝗸𝗲𝘀 𝘁𝗵𝗲 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝗰𝗲.