Chamberlain Property Advocates
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Melbourne's auction market recorded a clearance rate of 60 percent over the weekend. Many first homebuyers felt being left out as more investors and international buyers took part in the auctions. The number of scheduled auctions was still low at 173 while the number of reported auctions was 125. The number of properties sold was 82 with total sales amounting to more than $45,660,000. The …
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As many first home buyers struggle trying to get into the housing market, a new government scheme has been announced in the hopes of helping them take the first step on the property ladder. The First Home Loan Deposit Scheme will lower the required home deposit from the current 20%, to just 5%. A government guarantee will fund the difference of 15%. This government initiative will kick off …
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The Reserve Bank has cut its official interest rate from 1.5% to a historic low of 1.25%. This was a widely expected result and is the first change in the RBA's policy setting since August 2016. The RBA governor Philip Lowe suggested an upcoming rate cut in last month's speech. All 43 economists surveyed by Refinitiv had pencilled in a rate cut this month, while 80% of them also expect a …
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It really does feel like the real estate market has given a collective sigh of relief, with the coalition retaining power. Irrespective of your political views, the uncertainly surrounding the impact of Labor's policies on negative gearing and capital gains tax were causing nervousness in the real estate market. This was being reflected in prices continuing to remain sluggish or even fall …
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With many confident the RBA will be cutting interest rates at the upcoming June meeting, Australia's banking regulator APRA (Australian Prudential Regulation Authority) has announced a proposal to scrap a rule requiring mortgage customers' lending capacity to be assessed at an inflated interest rate. Introduced in 2014 as a measure to contain rising house prices and housing investor loan …
Melbourne's auction market recorded an improved clearance rate of 63 percent on Saturday, up from the previous weekend's 57 percent. Multimillion-dollar sales were noted in several capital cities over the weekend including Melbourne, Sydney and Brisbane. The number of scheduled auctions was down to 389 from 489 from while the number of reported auctions was 278. The number of properties sold …
Continue Reading about Melbourne Auction Results | 18th May 2019 →
Buying a property in Kensington 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 …
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Purplebricks is to exit Australia after 2.5 years. I don't think too many in the real estate industry are going to be surprised by this news. It just goes to show the importance of understanding your market and target audience, which is where I think Purplebricks missed the mark. I know that as a buyer's agent, when dealing with any property being sold by Purplebricks, it was such a …
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Melbourne's auction market recorded a 57 percent clearance rate on Saturday, down from 61 percent the previous weekend. The number of scheduled auctions also dropped to 489 from while the number of reported auctions was 326. The number of properties sold was down to 190 with total sales amounting to more than $130,424,000. The median price in the area was pegged at $725,000. The low …
Continue Reading about Melbourne Auction Results | 11th May 2019 →
Despite much anticipation the RBA has decided they will keep rates on hold for another month, announced less than a fortnight out from the federal election. A record low cash rate of 1.5% has now been held since August 2016, although money market traders do not expect it to remain there much longer. It has been anticipated that the official cash rate would be cut due to consistently …
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