For the week ending the 27th August, a total of 518 houses were scheduled to go under the hammer in Victoria. There were 279 homes sold at auction this week, with 172 homes passed in and 67 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 an investment property is not the same as buying your dream home
Why is the decision to buy a home as an owner-occupier one that is as different as night and day from the decisions and factors involved when buying an investment property? Basically, selecting the home you plan to live and create memories in comes down to a number of factors, many of them related to your own passions, dreams and wants. These can include: your preferred lifestyleyour stage …
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Melbourne Weekend Auction Results
For the week ending the 20th August, a total of 480 houses were scheduled to go under the hammer in Victoria. There were 262 homes sold at auction this week, with 138 homes passed in and 79 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 71%. If you have already found a property you are interested in and would …
Has Melbourne’s housing market taken a back step?
According to REIV's quarterly data, the typical metropolitan house price fell $32,000 or 2.9%, to $1.081m in the three months to June 30. That puts 21 once million-dollar suburbs on special - giving buyers a chance to get in without the seven-figure price tag. Suburbs from Altona North to Watsonia, have dropped out of the million-dollar club, and many more could soon slip below seven figures. …
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How to create your perfect budget when saving for your first home
Saving for your first home takes commitment and financial discipline, but it doesn’t mean that you will miss out on living your life to its fullest. Creating a perfect budget to stick to, will ensure you can focus on increasing your savings funds. We have explored some budgeting options for you to implement in your first home buying journey. Knowing what your concrete end goal is, and aiming …
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Melbourne Weekend Auction Results
For the week ending the 6 August, a total of 406 houses were scheduled to go under the hammer in Victoria. There were 274 homes sold at auction this week, with 132 homes passed in and 60 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 like a …
How to get a better deal in the current property market
The last quarter has seen property prices fall in about four out of ten suburbs in Victoria, which has in turn reduced the amount of competition for homes and buyers are getting more bang for their buck.However, a recent Sydney Morning Herald article states that buyers are still having to compromise when searching for and buying their first or next home, which is due to the pullback in the number …
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Melbourne Weekend Auction Results
For the week ending the 31st July, a total of 515 houses were scheduled to go under the hammer in Victoria. There were 338 homes sold at auction this week, with 177 homes passed in and 71 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 66%. If you have already found a property you are interested in and would like …
8 Home Improvements that won’t Add Value to your Property
Renovations can drastically change the value of your home, but knowing what upgrades are worth the investment, versus what upgrades won't add value is vital when it comes time to sell your property. When renovating, always keep in mind what is going to appeal to a future buyer when the time comes to eventually sell. Recently, Wendy spoke with nine.com.au about what home improvements don't add …
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Melbourne Weekend Auction Results
For the week ending the 23rd July, a total of 439 houses were scheduled to go under the hammer in Victoria. There were 291 homes sold at auction this week, with 148 homes passed in and 71 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 66%. If you have already found a property you are interested in and would like …
