Melbourne Property Right Now
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What is the current Melbourne market situation and who is Fabian Sanelli?
it's the real estate podcast across every state city and town of australia and welcome to another episode of the real estate podcast available on iheart radio and also spotify and apple podcasts or wherever you get your podcast from it is a wednesday morning and the 6th of july for 2022 coming up we're talking with fabian senelli from melbourne taking a look at the property market there And looking at auctions, you know, Fabian is one of the leading auctioneers around the country. So it's great to have his insights into what is taking place right now in the Melbourne property market. Also, don't forget about the Hunter Valley prize package that we're giving away. Time is running out. In fact, time is up on Saturday, which is the 9th.
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From first home buyers to property investors and everything in between, every morning on the Real Estate Podcast. It's the main centre forecast with propertybuyer.com.au.
All right, let's have a look at your weather around Australia this morning.
How did last weekend's auction results compare to this time last year in Melbourne?
First, we go to Sydney and expecting more rain for your Wednesday, a high of 17 degrees. Melbourne expecting a sunny day. How often do we get to say that? Enjoy it and your high is 15. Brisbane, a possible shower with 21. And in Perth today, sunny skies and 20 degrees.
Grab your coffee and switch on your real estate breakfast every weekday morning from 6.30. Let's talk Melbourne property and auctions, a podcast series with Fabian Cinelli.
Are clearance rates normalising and what factors are affecting them now?
And what is happening in Melbourne right now, apart from it's very cold and miserable? Well, let's find out. And welcome to the podcast, Fabian Cinelli. He's the Managing Director and Auctioneer from EYS Auctions. Good morning, Fabian. Welcome back to the Breakfast Podcast. Thank you, Craig.
I think cold and miserable is an understatement about the Melbourne weather at the moment.
I'll tell you what, you are sounding so much better than you did the last time we spoke. It really did sort of put you on your back, so through the worst of it.
definitely through the worst of it and thank goodness for that because i think having a a certain amount of energy doing auctions is one of the reasons why i love doing what i'm doing so i'm so happy to be back up and about and ready to rock and roll on saturdays all right well talking of saturdays let's go back to last saturday i was just having a look at where the clearance rate was fabian at this time last year
And we were sitting at 74%. So how did you go last weekend?
I didn't go too bad, Craig.
Why does Fabian believe the market may have hit the bottom already?
I had eight scheduled auctions. I ended up conducting six. There were a couple that were cancelled before, one sold prior, one postponed. So out of the six I conducted, I ended up knocking four down under the hammer. So that was still a pretty good Saturday for mine. It's definitely coming to a bit of a normalisation, I think, in this market. That's what I'm seeing. There's still obviously a lot of hesitancy and it's definitely still a lower bidder market. But I did take a couple of things out of last Saturday. I think I understand now that... School holidays plays a big factor in clearance rates being impacted. We're definitely not at the levels as we were this time last year. Obviously, those interest rate rises are certainly affecting the market and certainly the consumer confidence is really, really down at the moment.
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Chapters
7 chapters
1
What is the current Melbourne market situation and who is Fabian Sanelli?
0:02–2:13
2
How did last weekend's auction results compare to this time last year in Melbourne?
2:13–2:47
3
Are clearance rates normalising and what factors are affecting them now?
2:47–3:51
4
Why does Fabian believe the market may have hit the bottom already?
3:51–5:51
5
What were the measurable benefits Fabian observed from running in-room auctions?
5:51–8:19
6
How do in-room auctions work and what makes them different from on-site auctions?
8:19–11:37
7
Why should sellers and agents consider in-room auctions in a lower-bidder market?
11:37–12:19
Speakers
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