For the week ending the 20th October 2024, a total of 665 properties were scheduled to go under the hammer in Victoria. There were 358 homes sold at auction this week, with 150 homes passed in and 157 homes sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 77%. If you have already found a property you are interested in and …
Update On Victoria’s Housing Crisis
The housing shortage, lack of affordable homes to buy and shortage of long term rental properties are hot topics Australia wide. Queensland's housing and homeless crisis is spiraling, and escalating house prices combined with record low vacancy rates in South Australia means low income earners are struggling to find affordable homes to rent, let alone buy. And New South Wales estimates a …
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Melbourne Weekend Auction Results
For the week ending the 13th October 2024, a total of 638 properties were scheduled to go under the hammer in Victoria. There were 348 homes sold at auction this week, with 166 homes passed in and 124 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 are interested in and …
Wages vs Interest Rates And House Prices: The Widening Gap
While house prices in Victoria haven't risen at the same rate as some Australian states, recent data from Canstar highlights the difficulty couples and single income buyers still face when trying to secure a big enough home loan to purchase a property. With property price growth outpacing wage growth across the country and mortgage interest rates remaining high, Victoria's …
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Melbourne Weekend Auction Results
For the week ending the 6th October 2024, a total of 627 properties were scheduled to go under the hammer in Victoria. There were 346 homes sold at auction this week, with 140 homes passed in and 141 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 7 Most Important Things To Do In Your Garden This Spring
Have you recently bought a new home and the gorgeous garden that you fell in love with has suddenly become a jungle? Or are you planning to sell, and are wondering how to make the garden more presentable without creating a whole new landscape? Now is the time to start tackling the spring garden chores while the soil is still soft and manageable, the garden-munching insects haven't …
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Melbourne Weekend Auction Results
For the week ending the 29th September 2024, REIV Latest Auction Results are showing a total of 53 properties scheduled to go under the hammer in Victoria. There were 28 homes reportedly sold at auction this week, with 9 homes passed in and 16 homes sold prior to auction. The Real Estate Institute of Victoria, are not showing a clearance rate percentage this week. If you have already …
REIV Commentary On The Short Stay Levy
The government's recent changes to short-stay accommodation regulations have the potential to create disruption far and wide, from the short and long term rental property markets to the wider tourism industry, as well as Australian and international holiday-makers. After reviewing the Short Stay Levy Bill introduced by the Victorian Government, and seeking feedback from their own members, the …
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RBA Leaves Cash Rate On Hold
As many predicted, the Reserve Bank of Australia has announced its decision to leave the cash rate unchanged at 4.35%. In a statement released today, the RBA said inflation remains persistently higher than the preferred 2–3 per cent target range and current forecasts suggest it may not reach a sustainable target until 2026. Inflation has now remained above the midpoint of the target for …
Melbourne Weekend Auction Results
For the week ending the 22nd September 2024, a total of 778 properties were scheduled to go under the hammer in Victoria. There were 425 homes sold at auction this week, with 191 homes passed in and 162 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 …
