Buyers and sellers advocate Wendy Chamberlain from Chamberlain Property Advocates has spoken to Domain regarding what is currently on Melbourne downsizers' wish list. “I think there is a definite trend of downsizers buying a low-maintenance city base in Melbourne that offers them quick and easy access to freeways to escape down the coast as they please. They know the timings necessary to leave by …
Melbourne’s most expensive suburbs and where to look instead
It's well documented that Melbourne Property prices are dropping, however it doesn’t mean every suburb is offering the ultimate bargain. Wendy Chamberlain spoke to Domain regarding more affordable, alternative suburbs to the highly sought after suburb of Toorak. Local suburbs of South Yarra, Prahran and Armadale may offer a similar lifestyle. “Nowadays in Melbourne, you can get the lifestyle …
Continue Reading about Melbourne’s most expensive suburbs and where to look instead →
Buyer’s Agent Southbank – Suburb Profile
Buying a property in Southbank 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 Southbank – Suburb Profile →
Relisting for sale: Vendors change their approach as Melbourne house prices drop
As the Melbourne housing market weakens some home owners are dropping their asking prices or making minor updates in preparation to relisting properties that had previously failed to sell. Wendy Chamberlain has spoken to The Sunday Age regarding this topic. “I’ve been seeing this for the past 12 to 18 months where an agent will have a property on the market and they’re trying to sell it for an …
Melbourne Auction Results | 16th March 2019
Melbourne recorded a 56 percent auction clearance rate over the weekend. The number of scheduled auctions on Saturday was 744 while the number of reported auctions was 549. Many of the properties sold were transacted after being passed in. The number of properties sold was 322 with total sales amounting to more than $192,834,000. The median price in the area was pegged at $765,000. In demand …
Continue Reading about Melbourne Auction Results | 16th March 2019 →
Buyer’s Agent St Kilda – Suburb Profile
Buying a property in St Kilda 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 St Kilda – Suburb Profile →
RBA rates on hold for 29th consecutive month
The Royal Bank of Australia yesterday announced that interest rates will remain at 1.5 per cent, where it has sat ever since August 2016. RBA governor Philip Lowe said the low interest rate would continue to support the economy: "Further progress in reducing unemployment and having inflation return to target is expected, although this progress is likely to be gradual," "Taking …
Continue Reading about RBA rates on hold for 29th consecutive month →
Is what the media is telling you the whole truth?
As I was preparing for my speaking spot on Midday Panorama (NorthWest FM radio) with Vilma Formosa, I found it interesting to compare how the different suburbs of Melbourne are faring. What I discovered, of course, is a slightly different picture to what the media feeds you. You're most likely reading that the Melbourne median house price is down 5.6% for the year and more doom and …
Continue Reading about Is what the media is telling you the whole truth? →
RBA keeps rates on hold despite their less optimistic view of the Australian economy
After a 2 month summer break, the RBA has kept interest rates on hold at 1.5 per cent. In recent times the RBA has maintained a fairly optimistic view on the economy, however they did note in the post-meeting statement that “downside risks” have increased. Today’s meeting confirmed that the RBA hasn’t changed course, maintaining the key line that “further progress in reducing …
First Home Buyers Slowly Getting Back in the Property Market
Amidst the housing downturn in Australia, first home buyers have been noted to be getting back in the property market. Latest data from the ABS Housing Finance report showed that first home buyers have availed of new housing loans in more than six years. Specifically, 18.3 percent of owner-occupier loans were taken out in November 2018, an increase of 0.2 percent from the October figure. This …
Continue Reading about First Home Buyers Slowly Getting Back in the Property Market →
