There were 888 auction results reported this week, ending the 5th March, approximately double the number compared to this time last year. A total of 683 were sold at auction and 205 were passed in. Data from the Real Estate Institute of Victoria report a clearance rate of 77%. According to Domain's auction report for February 2022, Melbourne had the highest number of auction listings for …
Buyer’s Agent Mont Albert– Suburb Profile
Buying a property in Mont Albert can be a daunting and difficult process. For many of us, it is something we only do a few times in our lives. A buyers advocate (also known as a buyers agent or property finder) can be an enormous help to make it easy to buy a home or investment property by: removing the stress and frustration of buying a home saving you time and allowing you to get your weekends …
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New social housing levy for developers scrapped
This week, the Victorian State Government has scrapped their newly proposed social housing levy earmarked for July 2024. The Andrew's Government planned to introduce the levy on residential developers building three dwellings or more or greater than 3 lot subdivisions. The 1.75% contribution was set to fund the creation of 1700 new social and affordable housing each year. The proposal was met …
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Price rise for seaside living
Data from Domain in 2021, show that some bayside suburbs of Melbourne that were five kilometers or less from the beach, saw a price increase of as much as 30%. Black Rock recorded the highest price hike of 30.6%, followed by Mentone and Frankston South with a 29% increase. Other bayside suburbs that increased in value were Albert Park, St Kilda, Seaford, Carrum and Frankston. In her …
RBA announce interest rates steady at 0.1%
The Reserve Bank of Australia (RBA) confirmed today, that the official cash rate will continue to remain at 0.1%. In their media release this afternoon, Governor Phillip Lowe, stated that "the global economy is continuing to recover from the pandemic..[and]..the war in Ukraine is a major new source of uncertainty". The RBA also acknowledged that inflation had picked up more quickly than …
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We Love Our Happy Clients – Gayan and Manoji
We love hearing what our happy clients have to say about their experience with Chamberlain Property Advocates. We helped Gayan and Manoji sell their property back in August of 2020, with an outcome they were most happy with. Here is what Gayan and Manoji had to say about Chamberlain Property Advocates: "This is the second property that I have sold with the help of Chamberlain Property …
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Melbourne Weekend Auction Results
There were 1021 auction results reported this week, ending the 26th February. A total of 596 were sold at auction, 247 were passed in and 177 sold prior to auction. Data from the Real Estate Institute of Victoria report a clearance rate of 76%. According to Domain, auction volumes for February continue to hold well and are expected to continue to increase heading into Autumn. The rate of …
Buyer’s Agent South Yarra – Suburb Profile
Buying a property in South Yarra can be a daunting and difficult process. For many of us, it is something we only do a few times in our lives. A buyers advocate (also known as a buyers agent or property finder) can be an enormous help to make it easy to buy a home or investment property by: removing the stress and frustration of buying a home saving you time and allowing you to get your weekends …
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We Love Our Happy Clients – Kylie
We love hearing what our happy clients have to say about their experience with Chamberlain Property Advocates. We helped Kylie find a property she really connected with and could call home. Here is what Kylie had to say about Chamberlain Property Advocates: "I decided at the beginning of my journey to partner with an expert like Wendy. Wendy understood that it wasn’t about the next house to …
Melbourne Weekend Auction Results
There were 926 auction results available this week, ending the 19th February. A total of 550 were sold at auction, 191 were passed in, 185 sold prior to auction. There were 29 properties withdrawn. No properties were sold after auction this week. That's a clearance rate of 79% (according to data from the Real Estate Institute of Victoria). Have you ever wondered what these terms mean? …
