For the week ending the 17 June 2023, a total of 746 houses were scheduled to go under the hammer in Victoria. There were 428 homes sold at auction this week, with 166 homes passed in and 152 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 …
Underquoting – read on as I peel back the curtain…
It's a hot topic - underquoting. Many of you will relate. You've attended an auction hoping to buy your dream home, only to have your dreams dashed because a property sold well above the advertised price. You may know that feeling of disappointment well. Not to mention costing you money to get contracts checked and inspections done. Week after week, auction after auction, this can …
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Melbourne Weekend Auction Results
For the week ending the 10 June 2023, a total of 236 houses were scheduled to go under the hammer in Victoria. There were 154 homes sold at auction this week, with 42 homes passed in and 39 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 82%. If you have already found a property you are interested in and would like …
Inspection must-dos!
Open for inspections are a great opportunity for homebuyers to check the condition of the property they are looking to buy. In order to make a sound buying decision, buyers and investors should either visit the home themselves, or appoint a trusted professional (such as a buyers advocate) to do so on their behalf. When onsite, take notes to keep track of the home, what impresses you …
Our new program let’s you in on home buying secrets
Investing in real estate can be a minefield for the uninitiated. It requires thorough research, groundwork and proper due diligence. Over the last 15 years, I have been developing a step by step guide for like-minded property enthusiasts like me, to learn how to invest in real estate. This program, Home Buying Secrets, steps you through all the processes needed, to take someone from not …
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Melbourne Weekend Auction Results
For the week ending the 3 June 2023, a total of 550 houses were scheduled to go under the hammer in Victoria. There were 328 homes sold at auction this week, with 114 homes passed in and 108 homes that sold prior to 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 are interested in and would like …
Why the housing crisis is about to get worse…
This week the Victorian Government announced it's State budget and it is bad news for both property investors and renters alike. After locking people in their homes for months on end and amassing a multi-billion dollar lockdown debt in the process, the Victorian government now expects rental providers aka landlords to foot the bill for a debt hole dug solely thanks to mismanagement by this …
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Melbourne Weekend Auction Results
For the week ending the 27th May 2023, a total of 785 houses were scheduled to go under the hammer in Victoria. There were 453 homes sold at auction this week, with 157 homes passed in and 173 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 80%. If you have already found a property you are interested in and would …
Victorian renters hit as state budget announced
The Real Estate Institute of Victoria (REIV) has today criticised the land tax increases announced in the State Budget, saying they will only worsen the current rental crisis facing Victorians. Quentin Kilian, CEO, REIV, said the decision is a backward step that fails to address the shortage of affordable rental housing that’s impacting Victorian renters. “This is a tax on families – not the …
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Melbourne Weekend Auction Results
For the week ending the 20th May 2023, a total of 604 houses were scheduled to go under the hammer in Victoria. There were 350 homes sold at auction this week, with 124 homes passed in and 130 homes that sold prior to 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 are interested in and would …
