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A new rental taskforce is being established by Victoria's Labor Government with the aim of cracking down on landlords and estate agents who are not complying with existing rental laws. Consumer Affairs Victoria (CAV) will incorporate the taskforce to be comprised of intelligence analysts, investigators and lawyers, while increasing their existing provisions for the reporting of potentially …
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For the week ending the 7th April 2024, a total of 462 properties were scheduled to go under the hammer in Victoria. There were 243 homes sold at auction this week, with 111 homes passed in and 108 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 March quarter saw property prices set a new record according to the PropTrack Home Price Index Report for March 2024. Nationally, home prices rose 0.34% in value, an increase of 6.79% on March 2023 levels. All capital cities except Hobart recorded an increase during March 2024. A combined increase of 0.40% saw prices reach a new peak of 7.64% above the March 2023 levels. Melbourne …
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For the week ending the 31st March 2024, a total of 225 properties were scheduled to go under the hammer in Victoria. There were 137 homes sold at auction this week, with 42 homes passed in, 2 sold after auction and 44 homes sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 81%. If you have already found a property you are …
Most people find house auctions quite entertaining, unless they're having to bid! When you are moving from a position of mildly interested observer to emotionally invested bidder, you need to upskill yourself if you want to be the one who places the final bid. Experts suggest: Keen to delve further into auction bidding strategies? Click here to read more. Chat to us about …
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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 …
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 …
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 …
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 …
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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