Year to date the value of the homes sold at auction has been just over $4B, significantly higher than the $2.9B this time last year. It is interesting to note that there have been three weekends when the combined value of auction sales was in excess of $500M.

There were 653 auctions reported to the REIV this weekend, with 468 selling and 185 being passed in, 117 of those on a vendor bid.

Next weekend the REIV expects around 670 auctions.

The number of auctions is a useful indicator of confidence and the strength of the market. A comparison with the previous 5 years shows that the number auctions scheduled until the end of May together with the total auctions held to date has increased when compared to the same time in 2009 and 2012 and only about 500 fewer than in 2010 when the residential property markert was very strong.

There were 670 auctions reported to the REIV this weekend, with 475 selling and 195 being passed in, 121 of those on a vendor bid.

Next weekend the REIV expects around 730 auctions.

A clearance rate of 71% was recorded this weekend compared to 65% last weekend and 59% this weekend last year.

The result this weekend is broadly in line with the performance of the residential auction market this year and underscores its stability at this time.

There were 716 auctions reported to the REIV this weekend, with 508 selling and 208 being passed in, 131 of those on a vendor bid.

Next weekend the REIV expects around 740 auctions.

There were 575 auctions reported to the REIV this weekend, with 381 selling and 194 being passed in, 123 of those on a vendor bid.

Prior to this weekend, the year to date clearance rate was 69% which is higher than the last two years. Auction volumes continue to reflect moderate improvements in the market with listings around 12% higher than the 10 year average until the middle of May.

Next weekend the REIV expects around 780 auctions

There were 511 auctions reported to the REIV this weekend, with 357 selling and 154 being passed in, 97 of those on a vendor bid.

The REIV released the March quarter median prices this weekend which show the strongest first quarter for over 10 years. This weekends' results are a further indication of the healthy state of the market. Further details of the quarter are available from the REIV website.

Next weekend the REIV expects around 620 auctions.

There is no official clearance rate this weekend as there has been less than 100 auctions scheduled.

The clearance rate for the month of March is currently 67% which compares favorably to the 60% recorded in 2012. Compared to February this year there is a reduction from 72%, but given there was 60% more auctions that is a reasonable outcome.

Next weekend the REIV expects around 460 auctions.

Today's result demonstrates the underlying strength of the market currently as the outcome is consistent with this year's trend and the volume of auctions is higher than seen since mid December 2010.

There were 1106 auctions reported to the REIV this weekend, with 753 selling and 353 being passed in, 223 of those on a vendor bid.

Next weekend the REIV expects around 60 auctions.

There were 804 auctions reported to the REIV this weekend, with 557 selling and 247 being passed in, 134 of those on a vendor bid.

This year there has been an increase in the overall value of residential sales at auction with $1.8B worth of homes having sold compared to $1.5B this time last year. The value of private sales is also estimated to have risen from $3.9B to $4.5B.

Next weekend the REIV expects around 1,210 auctions and this is likely to be the 5th biggest weekend on record.

There were 176 auctions reported to the REIV this weekend, with 118 selling and 58 being passed in, 26 of those on a vendor bid.

The overall volume of auctions this weekend is low due to the long weekend, consequently the result cannot be taken as representative of the state of the market.

Next weekend the REIV expects around 870 auctions followed by 1,210 in a fortnight.

Auction volumes are strong at the moment with 2013 tracking 20% above the ten year average. Along with this weekend's result, this underscores the healthy improvement seen in the residential market so far this year.

There were 884 auctions reported to the REIV this weekend, with 612 selling and 272 being passed in, 155 of those on a vendor bid.

Next weekend the REIV expects around 200 auctions.

This is the strongest result in over two years.

There can be no doubt the improving trend that started last year has continued this year and it reflects improved consumer confidence.

There were 903 auctions reported to the REIV today, with 657 selling and 246 being passed in, 145 of those on a vendor bid.

Next weekend the REIV expects around 970 auctions.

The reported lift in consumer confidence last week will be a positive influence on the residential market over the remainder of summer and autumn. The improved confidence is also evident in this weekend's results which are an improvement on last year's trend.

There were 437 auctions reported to the REIV today, with 306 selling and 131 being passed in, 82 of those on a vendor bid.

Next weekend the REIV expects around 950 auctions.

There were 204 auctions reported to the REIV today, with 141 selling and 63 being passed in, 35 of those on a vendor bid.

Auction volumes will continue to rise between now and Labour day, by which time the residential state of the market in 2013 will be clear. Next weekend the REIV expects around 470 auctions followed by 970 the weekend after.

The clearance rate for this year's spring auction season was 62% compared to 55% last year and 66% in 2010.

There were 822 auctions reported to the REIV this weekend, with 470 selling and 352 being passed in, 216 of those on a vendor bid.

The REIV expects about 140 auctions next weekend. There will be very few auctions between Christmas and Australia Day as the market traditionally takes a break.

With only around a thousand auctions scheduled to complete the year it is clear that the clearance rate for 2012 will be 61%, two points higher than 2011.

There were 875 auctions reported to the REIV this weekend, with 524 selling and 351 being passed in, 212 of those on a vendor bid.

The REIV expects about 920 auctions next weekend.

A clearance rate of 60% was recorded this weekend compared to 61% last weekend and 52% for the same weekend last year.

There were 2792 auctions in November, which was 11% lower than the 3154 held in October. The difference was due to the Melbourne Cup carnival. The clearance rate was 61% for the month which is in line with the year to date trend. November was the fourth consecutive month with a clearance rate in excess of 60%.

There were 853 auctions reported to the REIV this weekend, with 511 selling and 342 being passed in, 218 of those on a vendor bid.

The REIV expects about 970 auctions next weekend.

A clearance rate of 61% was recorded this weekend compared to 63% last weekend and 51% for the same weekend last year.

Results over the last month are helping to build confidence and should provide the foundations of further improvements in the new year.

There were 886 auctions reported to the REIV this weekend, with 540 selling and 346 being passed in, 213 of those on a vendor bid.

There are around 970 auctions expected in the first weekend of December and 1010 the following weekend.

A clearance rate of 64% was recorded this weekend compared to 59% last weekend and 49% for the same weekend last year.

This time last year was the low point for the 2011 spring selling season and the result this weekend illustrates the improvement in the market this spring.

There were 837 auctions reported to the REIV this weekend, with 538 selling  and 299 being passed in, 194 of those on a vendor bid.

The REIV is expecting around 990 auctions on each of the next two weekends.

A clearance rate of 60% was recorded this weekend compared to 59% last weekend and 51% for the same weekend last year.

Buyers will welcome the increase in stock and the choice of homes over the next few weeks with the market entering the last weeks of the spring selling season. There will be around 980 auctions next weekend, 1000 in a fortnight and 910 the following weekend.

There were 733 auctions reported to the REIV this weekend, with 437 selling  and 296 being passed in, 200 of those on a vendor bid.

This is a very healthy result, especially when compared to this time last year and given the high number of auctions.

A further sign of the improving sentiment is the increase in residential transaction volumes this spring, with around 9% more auctions being held than at the same time last year.

There were 1053 auctions reported to the REIV this weekend, with 690 selling and 363 being passed in, 235 of those on a vendor bid.

A significant test for the market will occur next weekend when around 1200 auctions are expected, the highest number for a weekend since December in 2010.

There were 695 auctions reported to the REIV this weekend, with 431 selling and 264 being passed in, 155 of those on a vendor bid.

The REIV September quarter medians show that the median price of a house sold at auction in Melbourne is $691,000 compared to $461,000 if sold as a private sale.

There were 578 auctions reported to the REIV today, with 358 selling and 220 being passed in, 130 of those on a vendor bid.

The REIV expects about 690 auctions next weekend.

The month of October features a significant increase in the volume of auctions, with 3,070 expected to be held, compared to 2,368 in September. This will provide buyers with more choice and continuing good buying opportunities, especially as interest rates have been reduced and prices remain below their peak.

There were 497 auctions reported to the REIV today, with 330 selling and 167 being passed in, 104 of those on a vendor bid.

The REIV expects about 680 auctions next weekend.

There will be no official clearance rate this weekend as there are less than 100 auctions due to the AFL Grand Final.

Next weekend the REIV expects around 550 auctions.

In light of the increase in stock this weekend, this is quite a healthy result. It continues the trend this spring with the clearance rate being consistently a few points higher than last year.

There were 624 auctions reported to the REIV today, with 401 selling and 223 being passed in, 141 of those on a vendor bid.

Due to the AFL Grand Final there will only be about 20 auctions held next Saturday, all of which are scheduled for noon or earlier. Due to this very low number a clearance rate will not be published.

The REIV expects about 570 auctions the following weekend.

Castran Gilbert is proud to announce the relocation of its headquarters to the former Australian Consolidated Press (ACP) premises at 102-108 Toorak Road, South Yarra. Castran Gilbert CEO Paul Castran secured the premises shortly after the media powerhouse moved operations to Docklands in December 2010.

Castran Gilbert moved into the new 850sqm premises in late 2011, after a year of extensive renovation and building improvements. External signage was installed in recent months, following a year-long wait for the approval of town planning permits.

CEO Paul Castran says, “We are delighted to have secured such a prominent and invaluable position on Toorak Road. Our powerful new address cements our reputation as South Yarra's leading real estate specialist. Two years after signing the lease, the new Castran Gilbert headquarters is finally starting to look and feel like home.”

The offices, occupying the entire Level 2, enjoy an impressive 20-metre frontage to Toorak Road; easily distinguishable by its large Castran Gilbert branded clock - similar to the one that hung outside its old premises at 276 Toorak Road for over two decades.

The expansive office space - almost 4 times the size of the previous Castran Gilbert office - has enabled the company to bring on board a whole new set of technology and resources to deliver state-of-the-art services to its clients and at the same time continue to dominate the real estate market.

The office now accommodates an in-house display suite, multi-purpose conference space for seminars and auctions, four meeting suites as well as ample facilities to house a team of 34 sales consultants.

The office features a sleek, contemporary grey fit-out along with the extensive use of floor-to-ceiling glass panels and windows that provide a commanding view of Toorak Road.

Paul also says that the new office comes with much sentimental value, as the building was built by his most treasured client and friend - the late Melbourne developer, Bruce Terry. Before his passing in 2008, Terry sold more than $50 million worth of property through Castran Gilbert per year.

Terry built 102-108 Toorak Road in 1988, and Paul is glad to be able to honour Terry's life, success and legacy by establishing the company headquarters in one of his iconic developments.

A clearance rate of 61 per cent was recorded this weekend compared to 62 per cent last weekend and 55 per cent this weekend last year.

Whilst auction volumes are 19 per cent below this time last year they will increase in the weeks leading up to the AFL Grand Final. There are around 690 auctions expected next weekend and 750 on the following weekend.

There were 466 auctions reported to the REIV this weekend, with 284 selling  and 182 being passed in, 118 of those on a vendor bid.

The small improvement recorded at last weekends auctions appears to have been maintained at the start of the traditional spring selling season.

There were 455 auctions reported to the REIV this weekend, with 284 selling and 171 being passed in, 112 of those on a vendor bid.

Next weekend the REIV expects around 540 auctions.

Early indications suggest there will be, compared to the last few years, a low volume of auctions this spring. This is a direct consequence of ongoing conservative decision making by buyers and sellers and may result in buyers being unable to find a home that meets their needs.

There were 432 auctions reported to the REIV this weekend, with 252 selling and 180 being passed in, 108 of those on a vendor bid.

Next weekend the REIV expects around 560 auctions.

Early indications suggest there will be, compared to the last few years, a low volume of auctions this spring. This is a direct consequence of ongoing conservative decision making by buyers and sellers and may result in buyers being unable to find a home that meets their needs.

There were 432 auctions reported to the REIV this weekend, with 252 selling and 180 being passed in, 108 of those on a vendor bid.

Next weekend the REIV expects around 560 auctions.

This weekends result is below the year to date clearance rate of 60 per cent. Whilst the overall outcome is below trend many Members report auctions with competitive bidding and results over reserve. This highlights that homes are selling well when vendors expectations are in line with the market.

There were 462 auctions reported to the REIV this weekend, with 256 selling and 206 being passed in, 120 of those on a vendor bid.

Next weekend the REIV expects around 480 auctions.

In the month of July there were 1,590 auctions with an overall clearance rate of 58 per cent. The highest clearance rates were recorded in Glen Waverley, Northcote and Brunswick. This compared to 56 per cent in June from 2,390 auctions. Further monthly comparisons over the past 5 years are available at www.reiv.com.au

There were 384 auctions reported to the REIV this weekend, with 227 selling and 157 being passed in, 92 of those on a vendor bid.

Next weekend the REIV expects around 520 auctions.

A clearance rate of 62 per cent was recorded this weekend compared to 62 per cent last weekend and 57 per cent this weekend last year. The higher number of auctions this weekend is due to an increase in homes on offer in the inner east and southern suburbs now that school holidays are over.

The impact of school holidays on volumes is unique to those parts of the city. There were 426 auctions reported to the REIV this weekend, with 264 selling and 162 being passed in, 100 of those on a vendor bid.

Next weekend the REIV expects around 460 auctions.

The auction market has clearly returned to trend with the past fortnight's results being in line with the year-to-date clearance rate.

There were 336 auctions reported to the REIV this weekend, with 208 selling and 128 being passed in, 80 of those on a vendor bid.

As a service to buyers and sellers the REIV has introduced the Auction Map, an interactive map of Melbourne which allows users to see clearance rates by suburb. This is available on the REIV website. Whilst the majority of sales are by private sale this is a helpful service for those buying or selling at auction.

Next weekend the REIV expects around 500 auctions.

Before this weekends' auctions the highest clearance rates have been recorded in Hampton East, Kew East, Mulgrave, Ashburton and Fitzroy North. Demand has been stimulated in these suburbs by prices being generally below their peak in late 2010.

There were 432 auctions reported to the REIV this weekend with 257 selling and 175 being passed in, 123 of those on a vendors bid.

Next weekend the REIV expects around 400 auctions.

With the exception of January the month of July historically has the lowest volume of residential auctions. This year the winter trend is exacerbated with around 10% fewer auctions than this time last year.

Volumes will begin to increase in August providing buyers with greater choice.

There were 331 auctions reported to the REIV this weekend with 182 selling and 149 being passed in, 95 of those on a vendors bid.

Next weekend the REIV expects around 390 auctions again.

Megan will be showing you into the world of Castran Gilbert and taking you to some exciting properties and introducing you to the staff and she is happy to find answers to all your real estate questions.

Today’s cut will save a mortgagee with a typical 30-year, $300,000 home loan about $170 in monthly repayments if the lender passes on the full amount. Over the life of the loan, the savings will total about $61,272.

”There was a significant deterioration in world economic conditions late in 2008,” said RBA Governor Glenn Stevens in a statement accompanying the cut. ”The effects on household and business confidence of the financial turmoil following Lehman’s collapse, and continuing strains on major financial institutions, saw a significant downturn in demand around the world.”

The RBA has now lopped four full percentage points off its cash rate since it changed tack and began cutting rates last September. The cash rate has not been this low since 1960, according to Bloomberg data.

The rate reduction comes hours after the Federal Government announced a $42 billion stimulus plan aimed at keeping the economy out of a recession. The spending includes some $12.7 billion in cash payments and $28 billion on new infrastructure projects including roads and schools.

“What they have done is certainly enough, put together with the fiscal package,” said Michael Blythe, chief economist for the Commonwealth Bank. ”Policy setting in Australia is very stimulative, although we are quite likely to see rates lower” in the first half of 2009.”