For the week ending the 20th April 2024, a total of 544 properties were scheduled to go under the hammer in Victoria. There were 306 homes sold at auction this week, with 115 homes passed in, 122 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 79%. If you have already found a property you …
Bondable – A New Tool For Landlords, Agents and Tenants
Have you heard about Bondable? More than just a funky name, Bondable is an innovative new bond processing service designed to save thousands and streamline efficiencies in the tenant on-boarding and off-boarding processes. REIV President Jacob Caine recently announced REIV's support for the product created by Hutly and being trialled in Victoria over an 18 month period. The trial is also being …
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Melbourne Weekend Auction Results
For the week ending the 14th April 2024, a total of 518 properties were scheduled to go under the hammer in Victoria. There were 289 homes sold at auction this week, with 129 homes passed in and 100 homes sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 75%. If you have already found a property you are interested in and …
New Taskforce Crackdown on Rental Non Compliance
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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Melbourne Weekend Auction Results
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 …
Property Prices March Onwards And Upwards
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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Melbourne Weekend Auction Results
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 …
Tips And Tricks For Successful Auction Bidding
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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Melbourne Weekend Auction Results
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 …
