April Fool's Day didn't see a repeat of the Reserve Bank's interest rate cuts in February, as they announced that the official cash rate will remain unchanged at 4.10 per cent. In a statement released today, the RBA cited uncertain outlooks and a commitment to returning inflation to target levels as the reasons behind their decision. "There are notable uncertainties about the outlook for …
Melbourne Weekend Auction Results
For the week ending the 30th March 2025, a total of 780 properties were scheduled to go under the hammer in Victoria. There were 438 homes sold at auction that week, with 188 homes sold prior to auction, 2 sold after and 152 homes passed in. According to data from reiv.com.au, there was a clearance rate of 81%. If you have already found a property you are interested in and would like a …
Property Market Snapshot As At March 2025
With another RBA cash rate decision pending next week, its a good time to take a snapshot of the Victorian property market so far this year. The Real Estate Institute of Victoria, apply a Residential Market Index (RMX) to measure property price movement over time. As at 23 March 2025 the RMX was 162.10, dropping 1% from 23 February 2025. As an annual comparison, Victoria's RMX was 165.50 as at …
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Melbourne Weekend Auction Results
For the week ending the 22nd March 2025, a total of 636 properties were scheduled to go under the hammer in Victoria. There were 345 homes sold at auction that week, with 176 homes sold prior to auction, 1 sold after and 114 homes passed in. According to data from reiv.com.au, there was a clearance rate of 82%. If you have already found a property you are interested in and would like a …
Top Quartile Home Values Increase
It's good news for Melbourne's high end property market this month, with recent reports from Corelogic showing upper quartile property values increased during February. Nationally, capital city top quartile home values rose 0.2% in February, in stark contrast to a 0.3% decline in January. Corelogic economists say Melbourne, Sydney and Hobart's top quartiles recorded the strongest growth …
Melbourne Weekend Auction Results
For the week ending the 15th March 2025, a total of 405 properties were scheduled to go under the hammer in Victoria. There were 229 homes sold at auction that week, with 97 homes sold prior to auction, 3 sold after and 76 homes passed in. According to data from reiv.com.au, there was a clearance rate of 81%. If you have already found a property you are interested in and would like a …
Victorian Parliament Passes the Housing Statement Reform Bill
The Housing Statement Reform Bill has been passed in the Victorian Parliament, with the new laws to come into effect in November. Additional reforms to the bill, which has a heavy focus on protecting the rights of Victoria's renters, were announced last October. These will be introduced in the form of a new bill towards the end of the year. The Bill is set to significantly impact Victoria's …
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Melbourne Weekend Auction Results
For the week ending the 8th March 2025, a total of 143 properties were scheduled to go under the hammer in Victoria. There were 90 homes sold at auction that week, with 31 homes sold prior to auction, 1 sold after and 21 homes passed in. According to data from reiv.com.au, there was a clearance rate of 85%. If you have already found a property you are interested in and would like a …
Autumn Home Maintenance Tips
Every homeowner needs to be mindful of the regular maintenance that should be carried out as the cooler months approach. While spring cleaning usually occurs inside the home, autumn is the perfect time to get everything ship-shape outside the home, before winter hits. Clean Gutters Blocked gutters can cause extensive water damage to your home. If you live in a leafy area, check your gutters …
Melbourne Weekend Auction Results
For the week ending the 2nd March 2025, a total of 842 properties were scheduled to go under the hammer in Victoria. There were 455 homes sold at auction that week, with 195 homes sold prior to auction, 3 sold after and 189 homes passed in. According to data from reiv.com.au, there was a clearance rate of 78%. If you have already found a property you are interested in and would like a …
