Chamberlain Property Advocates
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The week ending 7th August delivered a clearance rate of 90% from 391 auctions reported for the period (based on REIV data). At the same time last year, 179 auctions were reported and a clearance rate of 90% achieved. 265 homes sold at auction and 88n sold before auction, with 38 passed in. 116 properties were withdrawn from sale and another 699 auctions were postponed. The unexpected, …
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After one week of eased restrictions, Melbourne residents are facing another lockdown going into this weekend. This means that the restrictions which applied to real estate services in our fifth lockdown have been reimposed. This will no doubt have an impact on the plans of buyers and sellers over the next 7 days - and particularly this weekend. Two of the most wide-reaching restrictions for …
The RBA confirmed today that the official cash rate will remain on hold at 0.1%. The Board restated its position on keeping the rate at its current level "until actual inflation is sustainably within the 2 to 3 per cent target range [which the Board expects] will not be met before 2024". In it's latest Media Release, the Board remarked that "the experience to date has been that once virus …
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The week ending 31st July delivered a clearance rate of 88% from the 426 auctions reported across Victoria. (Based on REIV data). At the same time last year, 213 auctions were reported and a clearance rate of 77% was achieved. 276 homes sold at auction and 101 sold before auction, with 49 passed in. 18 properties were withdrawn from sale. 594 auctions were postponed. One particular …
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This morning Premier Daniel Andrews announced that restrictions will ease across Victoria at 11:59PM tonight. This is incredibly welcome news for Melbourne's real estate sector, which has been unable to conduct live auctions or property inspections for two weekends in a row. The latest table of restrictions for the State includes the following rules for real estate services: auctions are …
The week ending 24th July delivered a clearance rate of 94% from the 443 auctions reported across Victoria, according to REIV data. The volume of auctions was revised down from earlier reports, owing largely to the restrictions currently in place across Melbourne. At the same time last year, 293 auctions were reported and the clearance rate was 79%. 216 homes were sold at auction and 202 …
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The effects of the pandemic on Australia's housing market has been relatively benign, as outlined in a report released this month by CoreLogic. Focusing particularly on Sydney and Melbourne, our two largest real estate markets, the report reveals that we've weathered the pandemic exceedingly well. Key factors that have underpinned this success include: CoreLogic's research shows that …
The week ending 17th July delivered a clearance rate of 92% at auctions across Victoria, according to REIV data. There were 522 auctions reported for the period, a substantial decrease on the 960 reported for the previous week. At the same time last year, there were 251 auctions reported with a clearance rate of 80%. 315 homes sold at auctions and 163 sold before auction, with 43 passed …
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Melburnians may well feel as though their head is spinning with the reintroduction of stage 4 restrictions yesterday. After all, it's been a mere 7 weeks since the previous snap lockdown. However, having recently emerged Victori-ous from a lockdown involving the Delta variant, we should be confident that we will do the same this time around. Certainly, anyone seeking to buy or sell property …
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Buying a property in Keilor East can be a daunting and difficult process. For many of us, it 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 to make it easy to buy 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 Keilor East – Suburb Profile (updated July 2021) →
