For the week ending the 24th March 2024, a total of 1106 properties were scheduled to go under the hammer in Victoria. There were 606 homes sold at auction this week, with 284 homes passed in, 1 sold after auction and 215 homes sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 74%. If you have already found a property you …
Do You Need Help To Buy A Home?
New legislation known as the Help To Buy Bill 2023 was passed in the House of Representatives on the 28th February 2024. In a statement released by the Minister for Housing, The Hon Julie Collins MP said the Help to Buy Bill will bring home ownership back into reach for 40,000 Australian households. Under this new legislation designed to help address the housing crisis, the government …
Interest Rates Hold Steady
At the RBA's March 19th meeting the decision was made to leave the cash rate unchanged at 4.35 per cent. While inflation remains high, it does continue to moderate as per the RBA's forecasts. The monthly CPI indicator held steady at 3.4 per cent with the momentum easing in recent months. In its report released today the RBA says its highest priority is to return inflation to target within a …
Melbourne Weekend Auction Results
For the week ending the 17th March 2024, a total of 880 properties were scheduled to go under the hammer in Victoria. There were 506 homes sold at auction this week, with 195 homes passed in and 179 homes sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 78%. If you have already found a property you are interested in and …
The Latest On Victoria’s Housing Policies
In September 2023 Victoria's Labor Government released a package of policies designed to overcome the statewide housing shortage and housing affordability problems. This 'Housing Statement' is being implemented in conjunction with the Albanese Government's goal to build 1.2 million dwellings nationwide. Victoria has the ambitious target of building 800,000 new homes across Victoria by 2034. …
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Melbourne Weekend Auction Results
For the week ending the 9th March 2024, a total of 284 properties were scheduled to go under the hammer in Victoria. There were 164 homes sold at auction this week, with 62 homes passed in and 58 homes sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 78%. If you have already found a property you are interested in and would …
Melbourne Weekend Auction Results
For the week ending the 3rd March 2024, a total of 748 properties were scheduled to go under the hammer in Victoria. There were 473 homes sold at auction this week, with 183 homes passed in and 92 homes sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 76%. If you have already found a property you are interested in and …
The REIV Urge Comprehensive Review of Property Tax Laws
The Real Estate Institute of Victoria (REIV) has made a submission to the 2024-25 Victorian State Budget urging a comprehensive review of the state's property tax laws. The REIV hopes that reconfiguring the property tax regime will attract investors back to the Victorian property market. The submission outlines three key recommendations:1. That the Victorian Government consider new tax incentives …
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Melbourne Weekend Auction Results
For the week ending the 25th February 2024, a total of 876 properties were scheduled to go under the hammer in Victoria. There were 482 homes sold at auction this week, with 215 homes passed in, 178 homes sold prior to auction and one sold after auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 75%. If you have already found a …
The CPA Team Is Growing!
It's a fact: home buyers and investors in today's property market need help. There's a lot to get your head around when buying property in Victoria. This year already we've seen changes to planning development laws and property tax laws, and a continuing housing shortage which contributes to increased property prices and causes buyers to rethink their property goals. Keeping tabs on …
