Chamberlain Property Advocates
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The week ending 12th June delivered a clearance rate of 92% at auctions across Victoria (based on REIV data) as the state emerged from lockdown for the Queen's Birthday long weekend. Volume was substantially lower than in previous weeks, with just 222 auctions reported for the 7-day period. 134 homes were sold at auction, another 71 sold before auction, and 17 auctions were passed in. …
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Buying a property in Essendon 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 …
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Restrictions will be eased in Melbourne from 11:59PM on Thursday 10th June following an announcement from Acting Premier James Merlino this morning. There's great news for the real estate sector, with both auctions and property inspections allowed to go ahead from Friday. As expected, some restrictions will apply on crowd numbers. The official table of restrictions states: Auctions …
The week ending 5th June brought strong results at auctions across Victoria, with a 96% clearance rate according to REIV data. 565 auctions were reported for the period. 258 home sold at auction and 284 prior to auction, with 22 passed in. The market remains subdued due to the ongoing lockdown, which is significantly affecting volume. 231 properties were withdrawn from sale across the …
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. The RBA confirmed today that it will be keeping the cash rate on hold at 10 basis points. 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 is not expected to occur] until 2024 at the earliest". The Board again issued positive news on the housing front: Housing markets have …
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Victoria's lockdown, which came into effect last Thursday at 11:59PM, brought significant disruption to the real estate sector, particularly given the abruptness of the announcement. Nevertheless, the auction clearance rate for the week ending 29th May was 93% according to REIV data. Prior to the lockdown announcement, last weekend was forecast to be "Melbourne's second-biggest …
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For first homebuyers in particular, it's easy to overlook some of the associated costs of buying a property. While most people have heard of stamp duty, there are a number of other costs that need to be taken into account when purchasing a home. Besides the unavoidable cost of stamp duty, buyers need to budget for many, if not all, of the following: conveyancing and legal fees …
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As announced by Victoria's Acting Premier James Merlino this morning, the state will commence a 7-day lockdown at midnight tonight. With auctions and property inspections scheduled across Victoria, this news will undoubtedly have a significant impact on the real estate sector. The updated COVID-19 restrictions give Victorians only 5 reasons to leave the home. Understandably, on-site …
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For the week ending 23rd May there were 934 auctions reported across Victoria, according to REIV data. The auction clearance rate for this period was 81%. Volume was marginally lower than the 978 auctions reported in the previous week. 609 homes were sold at auction, while 149 sold before auction, with 174 passed in. 21 properties were withdrawn from sale. For the same period last …
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Have you heard of a Buyer's Advocate before? Are you still unsure about what we do for people seeking to buy property? Relax. Your questions are about to be answered. If you've still got any lingering questions by the end of this article, I'll gladly answer them for you. Just send them my way! What is a Buyer's Advocate? A Buyers Advocate, also called a Buyers Agent, is a licensed professional …
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