For the week ending the 10th December, a total of 743 houses were scheduled to go under the hammer in Victoria. There were 392 homes sold at auction this week, with 231 homes passed in and 120 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 69%. If you have already found a property you are interested in and would …
November 2022 Market Update
At this time of year, we always see the same thing ... lots of sellers looking to wrap things up before the end of the year. Only this year, we are in quite a different market. It really is a buyers market. Yes, of course, there are homes around that will sell well in any market. But a lot of homes are languishing on the market right now, mainly because buyers have a lot of choice and that …
RBA has raised interest rates again at the final 2022 meeting
The Reserve Bank of Australia has hiked rates for the eighth time this year at its final board meeting for 2022 - announcing a 25 basis point increase to take the official cash rate to 3.10 per cent. Announcing the latest rise, RBA governor Philip Lowe said that high inflation figures were still weighing on the board's mind and that inflation figures were still far too high for the bank to …
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Melbourne Weekend Auction Results
For the week ending the 3rd December, a total of 733 houses were scheduled to go under the hammer in Victoria. There were 364 homes sold at auction this week, with 232 homes passed in and 137 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 67%. If you have already found a property you are interested in and would …
Buying your first home? Why you need a buyers advocate.
There are many professionals you will meet in the process of buying your property. One that is worth their weight in gold and can make a huge difference to your first home buying journey is a buyer's advocate. Buyer’s advocates can save you money as a first home buyer in a number of ways. First and foremost, buyer’s advocates often have access to properties that aren’t readily available for …
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Melbourne Weekend Auction Results
For the week ending the 26th November, a total of 624 houses were scheduled to go under the hammer in Victoria. There were 311 homes sold at auction this week, with 206 homes passed in and 106 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 67%. If you have already found a property you are interested in and would …
Victorian Liberals pledge stamp duty cut for first home buyers
Recently the Victorian opposition has announced it would scrap stamp duty for first home buyers who purchase a property less than $1 million if it wins the state election. Scrapping stamp duty has been a key pre-election push from the Victorian Chamber of Commerce and Industry (VCCI). Opposition Leader Matthew Guy has said, "We want to get more Victorians into home ownership, not into …
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Melbourne Weekend Auction Results
For the week ending the 19th November, a total of 667 houses were scheduled to go under the hammer in Victoria. There were 327 homes sold at auction this week, with 235 homes passed in and 105 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 65%. If you have already found a property you are interested in and would …
Tips on getting the best return when selling your property
Homeowners and investors who want to sell their houses should always consider increasing the value of their property before putting it on the market. This way, they can get the best return for their property. Doing minor or cosmetic repairs is an ideal step to take. Check your kitchen and bathrooms for fixtures that may need to be replaced such as cabinet handles, cabinet doors, lighting and …
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Melbourne Weekend Auction Results
For the week ending the 12th November, a total of 656 houses were scheduled to go under the hammer in Victoria. There were 329 homes sold at auction this week, with 207 homes passed in and 119 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 68%. If you have already found a property you are interested in and would …
