Melbourne comprises of over 11,278 real estate agents and 2,852 real estate agencies, and choosing the right individual to sell your property can be challenging. Which Real Estate Agent helps sellers make an informed decision by comparing all Melbourne real estate agents within your property’s immediate surrounds and outlines the following information in an unbiased and free report.
Companies have good and average employees and real estate is certainly no different. We analyse all individual agents so you know exactly which agent to approach. Our report highlights those who sells:
Select Selling or Renting (in map) to show correct type of commission rate for your situation.
The figures shown are an average. Agents charge different amounts based on a range of factors including property, price and likelihood to sell.
The chart below is updated daily and is current to 20th February 2017.
In their last yearly property market update, issued January 2014, RP Data provided the following summary of the Melbourne real estate market. We update this section every January, when the new report is issued.
“Home values in Melbourne increased by 11.9 per cent over the 12
months to January 2014 which was the largest annual increase in values
for the city since October 2010.
Over the year, houses have recorded a higher level of capital growth
(12.4%) than units (7.8%). With an increase in home values over the year,
Melbourne house values are now 2.7 per cent higher than they were at
their previous peak, and unit values are 0.2 per cent higher.
Melbourne home values have increased by a total of 39.4 per cent
over the five years to January 2014. Over the five years to January 2009,
home values in Melbourne increased by 28.2 per cent and over the five
years previous ending January 2004, Melbourne home values increased
by 97.8 per cent. The compounded annual growth rate of Melbourne
home values over the 15 years to January 2014 has been 8.8 per cent.
Melbourne sales activity much higher over the year
RP Data estimates that over the past year, there were 57,393 houses and
24,197 units sold across Greater Melbourne. Transactions are 12.8 per
cent higher than over the same period the previous year for houses and
7.2 per cent higher for units.
The annual number of house sales is now at its highest level since
November 2010. Unit sales are at their highest level since May 2012.
Home sales have increased in line with the increase in Melbourne home
values and it will be interesting to see whether or not this momentum
can continue throughout 2014 as the chart shows sales volumes remain
well below peak levels from 2007.
Rental growth in Melbourne is benign after slowing
markedly over the second half of 2013
Melbourne house rents increased by 2.7 per cent over the 12 months to
January 2014 and unit rents increased by 2.3 per cent. Compared to the
annual growth in home values, rental growth was significantly lower
across the city over the year.
The median rental rate for houses as at January 2014 was recorded
at $438 per week and for units it was $392 per week. The annual rate
of rental growth in Melbourne over the past year has also been lower
than the five year average which was recorded at 3.2 per cent for houses
and 3.1 per cent for units. Gross rental yields were already the lowest of
all capital cities a year ago and have fallen further as value growth has
outpaced rental growth. Gross rental yields are currently recorded at 3.3
per cent for houses and 4.2 per cent for units. At the same time in 2013
they were recorded at 3.7 per cent for houses and 4.4 per cent for units.”