Chamberlain Property Advocates
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The week ending 26th June brought a sharp increase in the number of auctions across Victoria following the easing of COVID-19 restrictions. There were 924 auctions reported for the period, which is almost 45% higher than the 642 reported the previous week (based on REIV data). This time in 2020, there were 498 auctions reported across the state. The clearance rate for the week was 79%, a very …
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While many properties are sold at auction, a large number are also sold by private sale. Choosing to sell your home privately has its advantages and disadvantages. We'll take a look at some of the pros and cons below. I wrote this article, which was published on Realestate.com.au in 2019, to explain the pros and cons of private sales. The points I raised in that article still hold true today. …
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The week ending 19th June delivered a clearance rate of 82% (according to REIV data) from the 530 auctions that were reported across Victoria. At the same time last year, 431 auctions were reported and a clearance rate of 67% was achieved. 305 homes were sold at auction, 131 sold before auction, with 94 passed in. 31 properties were withdrawn from sale. As Nathan Mawby pointed out …
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Since the onset of lockdowns across Victoria almost 18 months ago, there's been a surge in demand for secondary living space, particularly within Melbourne's housing market. Christina Karras from Herald Sun has highlighted "a massive 450 per cent spike in shed sales across Australia in the past 12 months, and a 50 per cent increase in Melbourne during the latest snap lockdown alone". On top of …
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Buying a property in Brunswick East can be a daunting and difficult process. For many of us, buying property 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 when buying a home or investment property by: removing the stress and frustration of buying a home saving you time and allowing you to get your …
Continue Reading about Buyer’s Agent Brunswick East – Suburb Profile (updated June 2021) →
The week ending 12th June delivered a clearance rate of 92% at auctions across Victoria (based on REIV data) as the state emerged from lockdown for the Queen's Birthday long weekend. Volume was substantially lower than in previous weeks, with just 222 auctions reported for the 7-day period. 134 homes were sold at auction, another 71 sold before auction, and 17 auctions were passed in. …
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Buying a property in Essendon can be a daunting and difficult process. For many of us, buying property 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 when buying a home or investment property by: removing the stress and frustration of buying a home saving you time and allowing you to …
Continue Reading about Buyer’s Agent Essendon – Suburb Profile (updated June 2021) →
Restrictions will be eased in Melbourne from 11:59PM on Thursday 10th June following an announcement from Acting Premier James Merlino this morning. There's great news for the real estate sector, with both auctions and property inspections allowed to go ahead from Friday. As expected, some restrictions will apply on crowd numbers. The official table of restrictions states: Auctions …
The week ending 5th June brought strong results at auctions across Victoria, with a 96% clearance rate according to REIV data. 565 auctions were reported for the period. 258 home sold at auction and 284 prior to auction, with 22 passed in. The market remains subdued due to the ongoing lockdown, which is significantly affecting volume. 231 properties were withdrawn from sale across the …
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Victoria's lockdown, which came into effect last Thursday at 11:59PM, brought significant disruption to the real estate sector, particularly given the abruptness of the announcement. Nevertheless, the auction clearance rate for the week ending 29th May was 93% according to REIV data. Prior to the lockdown announcement, last weekend was forecast to be "Melbourne's second-biggest …
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