For the week ending the 6th May 2023, a total of 489 houses were scheduled to go under the hammer in Victoria. There were 295 homes sold at auction this week, with 110 homes passed in and 84 homes that 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 like …
Buyer whiplash!
New data shows that an average of 6.1% of homes nationally are re-listed within two years of purchase. Why? Whilst Victoria's rates are the second lowest, coming in at 4.3%, the top reason for homeowners re-listing their property within two years is relocation, closely followed by financial stress, such as being unable to keep up with mortgage repayments and selling to avoid defaulting on their …
RBA’s latest interest rate hike catches banks and borrowers by surprise
The Reserve Bank of Australia (RBA) has shocked borrowers and financial markets by resuming interest rate rises after a one-off pause last month. It has lifted its cash rate target from 3.6 to 3.85 per cent, marking the 11th increase in the space of a year. How could it come up with that decision given what it said in April and the new data we have seen since then? Last month, when the RBA …
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Melbourne Weekend Auction Results
For the week ending the 29th April 2023, a total of 610 houses were scheduled to go under the hammer in Victoria. There were 385 homes sold at auction this week, with 134 homes passed in and 90 homes that 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 …
Pockets of opportunity still exist if you know where to look!
We are in such an interesting market right now. It is one of flux where buyers and sellers are navigating many mixed messages. So how do you sift through what is the right information that suits your circumstances and what your next move needs to be? You do your own research and due diligence or you tap into the knowledge, expertise and experience of industry professionals …
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Melbourne Weekend Auction Results
For the week ending the 22nd April 2023, a total of 445 houses were scheduled to go under the hammer in Victoria. There were 292 homes sold at auction this week, with 83 homes passed in and 70 homes that 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 interested in and would …
Learn to spot the next boom town!
Ever wondered how some property investors are always in the right spot at the right time, just before a suburb booms? What do they know that you don't? The secret is to follow the 'big boys'. Where are the big companies spending money? Where is the government channeling funds and allocating budgets to build better roads, community facilities like schools and create transportation …
Melbourne Weekend Auction Results
For the week ending the 15th April 2023, a total of 455 houses were scheduled to go under the hammer in Victoria. There were 271 homes sold at auction this week, with 86 homes passed in and 98 homes that 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 interested in and would …
Set goals to increase your property investing success!
How successful do you feel you are with your house hunting and property investing? Do you regularly set goals to aid you on your property investing journey? Let me ask you this - would you jump in your car and drive around aimlessly without first deciding where you needed to go? I'm guessing not. So why would you do exactly this with your investing, by not setting firm goals and …
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Melbourne Weekend Auction Results
For the week ending the 8th April 2023, a total of 45 houses were scheduled to go under the hammer in Victoria. There were 20 homes sold at auction this week, with 16 homes passed in and 7 homes that sold prior to auction, according to data from the Real Estate Institute of Victoria. If you have already found a property you are interested in and would like a professional to help in securing …
