bbc video news mortgage misery in australia , page-9

no, we are not the only ones...clearance rate in Melb's east were up to 77% last weekend...
nah...they are liars...that reiv mob...cannot believe them at all...
.......................looks like others have money, confidence, and prefer not to rent too.........these guys are trading up...rather than fhb's...(no, fhbs do not cough up millions for the first home)

Jellis Craig sold the weekend's most expensive house, Swinton, at 23 Swinton Avenue in Kew. Built in 1859, it is one of the oldest houses in Kew, sits on more than 2000 square metres of land on a bend of the Yarra River and includes a tower.

''Two bidders pushed the price up to $3.59 million and in this market that's great,'' Mr Abbott said.

Jellis Craig director Alistair Craig auctioned 12 Bryson Street, Canterbury, where three bidders fought to get a foothold in the tightly held area around Maling Road.

The double-fronted Victorian fetched $1.66 million, slightly higher than the $1.5-1.6 million Mr Craig said he expected, considering it was ''a small house on a small block''. Nevertheless, the price was lower than it would have been last year.

''A house like that would have been closer to $1.8-2 million at the peak of the market. Everything's come back 10-to-20 per cent in the last year,'' he said.

Buyers active in the eastern suburban market tend to be professionals in their mid-30s to 40s taking advantage of the flatter prices to trade up into bigger properties, he said


http://www.theage.com.au/business/property/innereast-auctions-lead-the-day-20111211-1opm7.html#ixzz1gHJTKn54