Chamberlain Property Advocates
There's no place like home. We help you get there.
The week ending 27th March saw a massive 1438 auctions reported across Victoria (based on REIV data) as the market ramped up for the weekend final before Easter. The clearance rate for the week was 85%. At the same time last year, it was 90%. 956 homes were sold at auction and 270 sold before auction, with 212 passed in. 16 properties were withdrawn from sale. Reserves continue …
Continue Reading about Melbourne Weekend Auction Results | 27th March 2021 →
The week ending 20th March delivered strong results in the auction market, with volume and the clearance rate both performing well. According to REIV data, the clearance rate for the week was 83%. At the same time last year it was 67%. 943 auctions were reported across Melbourne. 631 homes were sold at auction and 154 sold before auction, with 158 passed in. 20 properties were …
Continue Reading about Melbourne Weekend Auction Results | 20th March 2021 →
The federal government's bill to wind back responsible lending laws received strong endorsement from the Senate last week when the Economics Legislation Committee tabled its report recommending that the bill be passed. Echoing the Morrison government's rationale for introducing the bill, the official view of the committee includes a statement describing the "current credit protection framework …
The week ending 13th March delivered a relatively high volume of properties at auction with a clearance rate of 82%, according to REIV data. Ath same time last year, the clearance rate was 70%. Across Melbourne, 808 auctions were reported. 493 homes were sold at auction, while another 165 were sold before auction, with 145 passed in. 9 properties were withdrawn from sale. An …
Continue Reading about Melbourne Weekend Auction Results | 13th March 2021 →
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across Melbourne. 243 homes were sold at auction and 59 were sold before auction, with 56 passed in. 10 properties were withdrawn from sale.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 …
Continue Reading about Melbourne Weekend Auction Results | 6th March 2021 →
. As widely expected, RBA Governor Stephen Lowe has confirmed that the cash rate will remain at 0.1%. He has also stated that the parameters of the Term Funding Facility and the government bond purchasing program will be maintained at current settings. The RBA Governor had some specific statements to make concerning the housing sector: Lending rates for most borrowers are at record …
Continue Reading about RBA keeps interest rate on hold at 0.1% →
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 …
Continue Reading about Melbourne Weekend Auction Results | 27th February 2021 →
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 …
Continue Reading about Buyer’s Agent Brunswick West – Suburb Profile (updated February 2021) →
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 …
Continue Reading about Melbourne Weekend Auction Results | 20th February 2021 →
