Regional Victoria suburbs are experiencing a major price increase boom! Research shows that properties are earning four times more than the average income of regional homeowners. This is thanks to sea and tree change buyers accelerating their move to regional towns due to the pandemic. The boom is widespread and includes, but is not limited to the surf coast, Bellarine Peninsula, alpine …
Melbourne Weekend Auction Results | 31st October 2021
The week ending 31st October delivered a clearance rate of 85% from the 1088 auctions reported for the period (based on REIV data). At the same time last year, there were 489 auctions reported. 633 homes sold at auction last week and another 289 sold prior to auction, with 164 passed in. 48 properties were withdrawn from sale and 111 auctions were postponed. It is great to see that the …
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Southeast rail line sparks housing boom
We will see an extra 7200 homes built in the outer south-east thanks to a major rail line extension and upgrade. It appears that the building of new train stations in Pakenham and Pakenham East is set to commence this year with this busy rail line to be extended 2km via an elevated sky rail and crossover. The plan is worth hundreds of millions of dollars and has already sparked a housing lot …
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Home office / study a priority for buyers
Amongst many other changes to our lives, the last two years have seen a re-evaluation of how much space and the type of accommodation we need. Considering the number of weeks in lockdown we have spent in our homes, particularly in Melbourne, a home office or study has become of key importance for buyers. For renovators and house flippers this should be a renovation priority right …
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Buyer’s Agent Croydon – Suburb Profile (updated October 2021)
Buying a property in Croydon 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 homesaving you time and allowing you to get your …
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Melbourne Weekend Auction Results | 24th October 2021
The week ending 24th October delivered a clearance rate of 90% from the 968 auctions reported for the period (based on REIV data). At the same time last year, there were 371 auctions reported. 575 homes sold at auction last week and another 292 sold prior to auction, with 93 passed in. 52 properties were withdrawn from sale and 116 auctions were postponed. It is great to see that the …
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Victoria’s new scheme for home buyers
On the 8th of October the Victorian government announced it is launching the Victorian Homebuyer Fund (VHF) - a $500 million “shared equity” scheme to try and help about 3000 people make their dream of becoming a home owner a reality. The VHF will be available to Australian over the age of 18 years who don‘t currently have an interest in a property and who meet the income …
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Buyer’s Agent Heathmont – Suburb Profile (updated October 2021)
Buying a property in Heathmont 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 homesaving you time and allowing you to get your …
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Soaring property prices in sought after school zones
The trend of paying a premium for properties in sought after public school zones is nothing new. However, due to the pandemic and continued harsh lockdowns, more and more disheartened families are yearning to abandon Melbourne for a sea or tree-change. This has seen a sharp increase in home prices within popular school zones. For instance, some parts of Mount Eliza have seen property prices …
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Melbourne Weekend Auction Results | 17th October 2021
The week ending 17th October delivered a clearance rate of 88% from the 911 auctions reported for the period (based on REIV data). At the same time last year, there were just 149 auctions reported. 524 homes sold at auction last week and another 273 sold prior to auction, with 108 passed in. 36 properties were withdrawn from sale and 96 auctions were postponed. With the property market …
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