Chamberlain Property Advocates
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The week ending 6th March saw Melbourne's unrelenting buyer demand continue as the city enjoyed a weekend of stellar autumn weather. The REIV recorded a clearance rate of 84%. This result is based on 360 auctions reported across Melbourne. 243 homes were sold at auction and 59 were sold before auction, with 56 passed in. 10 properties were withdrawn from sale. The high demand …
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The week ending 27th February again saw homebuyers out in force, with the REIV recording an 84% clearance. This time last year the clearance rate was 78%. This result is based on 882 auctions reported across Melbourne. 558 homes were sold at auction and 185 were sold before auction, with 139 passed in. 15 properties were withdrawn from sale. The level of buyer activity across …
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In the RBA's first monetary policy announcement for 2021, it was predicted that the conditions for a rise in the interest rate wouldn't "be met until 2024 at the earliest". This statement gave many potential homebuyers added confidence about how much they could afford in terms of mortgage repayments. However, as pointed out by ANZ's Head of Australian Economics David Plank in this …
Buying a property in Brunswick West 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 …
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The week ending 20th February was bolstered by Melbourne's first Super Saturday of 2021, with the REIV recording an auction clearance rate of 86%. At the same time last year, the clearance rate was 80%. This result is based on 823 auctions reported across Melbourne. 554 homes were sold at auction and 151 sold before auction, with 118 passed in. 29 properties were withdrawn from …
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A Melbourne schoolteacher is facing a first homebuyer's worst fears after discovering that the apartment she purchased in 2018 contains severe defects. Lauren Bird decided to invest in an apartment in order to get into the property market. Unfortunately, she wasn't aware of the importance of a strata report when purchasing an apartment. Ms Bird did what she thought was …
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Earlier this week, I was listed along with 99 other experts in PropTech Newsletter's The 100 Most Influential People in Real Estate. It was a wonderful surprise and it's an honour to be placed in the company of those who made this list. I've been in the real estate industry for over 25 years now and it's my core passion. Along the way, I've learned a lot about online marketing and have …
Six-figure premiums continue to be paid for homes within Melbourne's top public school zones. In February 2020, the REIV released the results of an analysis of 2019 residential property sales. The analysis revealed that families can expect to pay up to $425,000 more to reside within a school zone "when compared with the median price for houses outside those school catchments". Many families …
Despite the disruption caused by last Friday's snap lockdown announcement, the week ending 13th February recorded a high number of sales at auction in Melbourne. The clearance rate reported by the REIV is 95%*. At the same time last year, the clearance rate was 79%. This result is based on 292 auctions reported across Melbourne. 159 homes were sold at auction and 118 sold before …
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The five-day snap lockdown announced by Premier Dan Andrews yesterday brings significant implications for the real estate industry. Referred to as a 'circuit-breaker' that will hopefully avoid a third-wave of COVID-19 in Victoria, the lockdown means that the following restrictions apply: no on-site property inspections auctions must be online only A more comprehensive …
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