We're always busy here at Chamberlain Property Advocates and lockdown periods are no exception. There's always work to do, even when restrictions prevent us from attending auctions and property inspections. The lengthy periods of lockdown we've experienced since mid-July have had a heavy impact on the real estate sector. We thought we'd share some insights into the challenges some buyers and …
Melbourne Weekend Auction Results | 29th August 2021
The week ending 29th August delivered a clearance rate of 99% from the 223 auctions reported for the period (based on REIV data). At the same time last year, there were just 41 auctions reported. 100 homes sold at auction last week and another 120 sold prior to auction, with 2 passed in. 441 properties were withdrawn from sale and 634 auctions were postponed. As Melissa Heagney reported …
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Melbourne Weekend Auction Results | 22nd August 2021
The week ending 22nd August delivered a clearance rate of 98% from the 281 auctions reported for the period (based on REIV data). At the same time last year, a mere 95 auctions were reported while Victoria battled through its second wave of the pandemic. 138 homes sold at auctions and 136 sold before auction, with 7 passed in. 220 properties were withdrawn from sale and 527 auctions were …
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Is your investment property pet-proofed? Find out the simple ways to protect your investment.
Caring for a pet is a popular lifestyle choice for many Australians - and that includes those who rent a property. However, when you're the owner of a rental property, its understandable to feel a bit anxious about the impact pets might have on your investment. In this article, I'll outline some of the most effective ways to ensure your property is 'pet proofed'. To begin with, it's important …
2022 school zone changes set to deliver property value increases to swathes of homeowners
Changes to school zones in 2022 are set to bring substantial increases to the value of homes that are suddenly cast into sought-after zones. While most school zones will remain unchanged, a number of them will be realigned to accommodate the "14 new schools and campuses opening next year, as well as changes in enrolment demand". These new schools are part of the State government's 100 New …
Melbourne Weekend Auction Results | 15th August 2021
The week ending 15th August delivered a clearance rate of 95% from the 374 auctions reported for the period (based on REIV data). At the same time last year, 107 auctions were reported and an 89% clearance rate achieved. 213 homes sold at auction and 142 sold before auction, with 19 passed in. 205 properties were withdrawn from sale and another 478 auctions were postponed. As we outlined …
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Building a more sustainable home – where should you start?
Building or renovating a property has always involved a lot of decision-making. Aesthetics, functionality, and return on investment have traditionally been key considerations for anyone planning to build or upgrade their home. However, factoring sustainability into building design is a more recent trend - and it's important to know where to start. A good way of thinking about …
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Melbourne Weekend Auction Results | 7th August 2021
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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Restrictions are back for real estate as Melbourne enters it’s sixth lockdown
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 …
RBA keeps cash rate on hold at 0.1%
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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