Chamberlain Property Advocates
There's no place like home. We help you get there.
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 …
Continue Reading about First home buyers need to know the risks when buying a property →
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 …
Continue Reading about Melbourne Weekend Auction Results | 13th February 2021 →
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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Buying a property in Albert Park 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 Albert Park – Suburb Profile (updated February 2021) →
The week ending 6th February delivered strong results for auctions across Melbourne, with an 82% clearance rate (based on REIV data). At the same time last year, the clearance rate was 76%. This result is based on 430 auctions reported across Melbourne. Of those 430 auctions, 263 were sold at auction and 89 sold before auction, with 78 homes passed in. 6 homes were withdrawn from …
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If you're in the market to purchase a new or existing property in 2021, you should know about the stamp duty waiver announced by the State Government in its November 2020 budget. The key information you need to know: The Victorian Government has announced a land transfer (stamp) duty waiver for purchases of Victorian residential property with a dutiable value of up to $1 million. …
Continue Reading about Stamp duty waiver of up to 50% for home buyers until 30 June 2021 →
The RBA has decided to maintain the official interest rate at the record low of 0.1%. The RBA Governor Stephen Lowe's latest media release emphasises that "financial conditions remain highly accommodative, with lending rates for most borrowers at record lows and asset prices, including housing prices, mostly increasing". Furthermore, the RBA forecasts that Australia's recovery …
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The final week of January saw Melbourne buyers active across Melbourne in what has been a robust market so far this year. The Melbourne auction market recorded an 83 percent clearance rate (based on REIV data), a slight increase on the 82 percent for the previous week. At the same time last year, the clearance rate was 69 percent. This result is based on 276 auctions reported …
Continue Reading about Melbourne Weekend Auction Results | 30th January 2021 →
