For the week ending the 27th October 2024, a total of 938 properties were scheduled to go under the hammer in Victoria. There were 498 homes sold at auction this week, with 220 homes passed in and 220 homes sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 77%. If you have already found a property you are interested in and …
How Have Land Tax Increases Impacted Investors?
Recent data analysis featured in PropTrack Market Insights indicates the higher land taxes imposed by the Victorian government have impacted the Victorian rental market in several ways. New land tax thresholds were announced by the Victorian government in May 2023 and came into effect in January 2024. For perspective, the cost increase on unimproved land valued at $500K amounted to an …
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We Love Our Happy Clients – Gayan
We love hearing what our happy clients have to say about their experience with Chamberlain Property Advocates. We helped Gayan and Manoji sell a home! Here is what they had to say: "This is the second property that I have sold with the help of Chamberlain Property Advocate and from the get-go it was a very easy process. The best thing I like about using Wendy’s services is that I only …
Buyer’s Agent Northcote – Suburb Profile
Buying a property in Northcote 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: Questions such as “where can I find a home I can afford”, “am I paying too much?”, “where can I find …
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Melbourne Weekend Auction Results
For the week ending the 20th October 2024, a total of 665 properties were scheduled to go under the hammer in Victoria. There were 358 homes sold at auction this week, with 150 homes passed in and 157 homes sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 77%. If you have already found a property you are interested in and …
Update On Victoria’s Housing Crisis
The housing shortage, lack of affordable homes to buy and shortage of long term rental properties are hot topics Australia wide. Queensland's housing and homeless crisis is spiraling, and escalating house prices combined with record low vacancy rates in South Australia means low income earners are struggling to find affordable homes to rent, let alone buy. And New South Wales estimates a …
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We Love Our Happy Clients – Martyn and Debbie
We love hearing what our happy clients have to say about their experience with Chamberlain Property Advocates. We helped Martyn and Debbie buy a home! Here is what they had to say: "We’re very happy to have been successful at bidding and without Wendy we wouldn’t have been able to be successful I don’t think. If I bid on a house at an auction, I would have got the numbers all …
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Buyer’s Agent Pascoe Vale – Suburb Profile
Buying a property in Pascoe Vale 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: Questions such as “where can I find a home I can afford”, “am I paying too much?”, “where can I …
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Melbourne Weekend Auction Results
For the week ending the 13th October 2024, a total of 638 properties were scheduled to go under the hammer in Victoria. There were 348 homes sold at auction this week, with 166 homes passed in and 124 homes sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 74%. If you have already found a property you are interested in and …
Wages vs Interest Rates And House Prices: The Widening Gap
While house prices in Victoria haven't risen at the same rate as some Australian states, recent data from Canstar highlights the difficulty couples and single income buyers still face when trying to secure a big enough home loan to purchase a property. With property price growth outpacing wage growth across the country and mortgage interest rates remaining high, Victoria's …
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