Marshall White Latest News
Strong Sales Results
The first Summer auctions of the year attracted a noticeable increase in buyer interest. Strong bidding from multiple buyers at Marshall White auctions produced a very pleasing success rate of 74 per cent for our vendors. Amongst the 25 properties that were sold either at or before auction by Marshall White were the week’s highest reported house and apartment sales according to The Age. The auction of an original Victorian residence at 31 Adelaide St, Armadale produced a result that was a staggering $825,000 above the reserve when it sold for $2.425 million. In another auction an exclusive sub-penthouse apartment at 17.3/193 Doma in Rd, South Yarra also sold well for a price of $2.25 million.
Interest Rates Cut Again
For the second consecutive month the Reserve Bank Board has decided to cut interest rates by 0.25 per cent. This is good news for mortgage holders over the Christmas break. The RBA will not meet again until February when there is already speculation of a further rate reduction if the current European economic turmoil is not resolved.


