Chamberlain Property Advocates
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The new Federal legislation on the payment of GST in property developments took effect as at July 1st 2018. The legislation is aimed at preventing businesses in the property development area failing to remit the GST to the Australian Taxation Office (ATO) after a sale settles. WHY? New Federal legislation is designed to stop businesses in the property development area failing to pay the GST to …
Continue Reading about The New GST Withholding Regime Starts 1 July 2018 →
Melbourne's auction clearance rate fell back to 60 percent on a cold Saturday from the previous week's 62 percent. The number of scheduled auctions followed the same trend at 641 from the previous 821. Reports noted that the very cold weather caused a low attendance at some auctions. The number of reported auctions was also down at 502 from 668 while the number of properties sold was 316. Total …
Continue Reading about Melbourne Auction Results | 30th June 2018 →
Melbourne's auction market recorded a 62 percent low clearance rate on Saturday, an improvement from last weekend's 59 percent. Th figure, however, is still low despite a high volume of scheduled auctions at 821. The number of reported auctions was at 668 while the number of properties sold slightly improved to 429 and 239 were passed in. Total sales recorded was down to $296,698,000 while the …
Continue Reading about Melbourne Auction Results | 23rd June 2018 →
Melbourne's auction market continues to experience a low clearance rate below the 60 percent level. It recorded a 59 percent clearance rate last Saturday, slightly higher than the 56 percent the previous week. This was despite the higher number of scheduled auctions at 852. The number of reported auctions was at 606 and the number of properties sold was 377. Total sales recorded was down to …
Continue Reading about Melbourne Auction Results | 16th June 2018 →
Melbourne's auction clearance rate went below the 60 percent level to 56 percent on Saturday. This was partly due to the Queen birthday's long weekend. As a result, the number of scheduled auctions was down to 194. The number of reported auctions was at 145 and the number of properties sold was down to 87 from last weekend's 463. Total sales recorded was more than $55,659,000 while the median …
Continue Reading about Melbourne Auction Results | 9th June 2018 →
Melbourne's auction clearance rate slipped further by one percentage point on Saturday to 60 percent from last weekend's 61 percent. The number of scheduled auctions was also down to 942 from 963 the previous week. The number of reported auctions was at 740 from 749 while the number of properties sold was 463. Total sales recorded was more than $358,219,000 while the median price was pegged at …
Continue Reading about Melbourne Auction Results | 2nd June 2018 →
Melbourne's auction clearance rate slipped one percentage point on Saturday back to 61 percent from last weekend's 62 percent. The number of scheduled auctions, however, was up to 963 from 899 the previous week. The number of reported auctions also went up to 749 from 685 while the number of properties sold was also up at 468. Total sales recorded was more than $350,161,000 while the median …
Continue Reading about Melbourne Auction Results | 26th May 2018 →
Melbourne's auction clearance rate improved slightly on Saturday to 62 percent from last weekend's 61 percent. The number of scheduled auctions, however, dropped to 899 from 958 the previous week. The number of reported auctions also went down to 685 from 710 while the number of properties sold was 449. Total sales recorded was more than $339,964,000 while the median price was pegged at …
Continue Reading about Melbourne Auction Results | 19th May 2018 →
Melbourne's auction clearance rate further slipped this Saturday to 61 percent from last weekend's 62 percent. The number of scheduled auctions went slightly to 958 from 950 the previous week. As for the number of reported auctions, there were 710 while the number of properties sold was 449. Total sales recorded was more than $325,446,000 while the median price was pegged at …
Continue Reading about Melbourne Auction Results | 12th May 2018 →
Melbourne's auction market has been fluctuating in recent weeks and this Saturday, its clearance rate slipped again to 62 percent compared to last weekend's 65 percent. The number of scheduled auctions also went down to 950 from 1,124 the previous week. As for the number of reported auctions, there were 727 with 461 properties sold. Total sales recorded was more than $378,321,000 while the …
Continue Reading about Melbourne Auction Results | 5th May 2018 →
