For the week ending the 11th August 2024, a total of 556 properties were scheduled to go under the hammer in Victoria. There were 319 homes sold at auction this week, with 110 homes passed in and 127 homes 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 …
RIP Paper Titles
It's the end of an era which may have some home owners feeling a little nostalgic... The Torrens system of land titles was first introduced in South Australia in 1858, with Victoria recorded as one of the first states to adopt it. But 166 years later, it's all changed. As of August 2024, all new property titles in Victoria are now being issued in electronic format as we move to a fully …
RBA Leaves Cash Rate On Hold
Earlier today the Reserve Bank of Australia announced its sixth consecutive decision to leave the cash rate unchanged at 4.35%. While many were hoping for cuts to their mortgage interest rates, this decision was widely anticipated as inflation hasn't fallen as quickly as the RBA had hoped. Today was a day of economic turmoil, as global stock markets plummeted and the ASX experienced its worst …
Melbourne Weekend Auction Results
For the week ending the 4th August 2024, a total of 496 properties were scheduled to go under the hammer in Victoria. There were 286 homes sold at auction this week, with 88 homes passed in and 122 homes 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 …
Metro House Prices Fall
Victoria continued to buck the national trend of escalating property values according to the Real Estate Institute of Victoria, with the June quarter showing a slight drop in median house prices across the metropolitan Melbourne area. House prices in Melbourne fell 1.5% in the June quarter, taking the median house price to $912,000. Units in Melbourne fell 0.1% to reach a median price of …
Melbourne Weekend Auction Results
For the week ending the 28th July 2024, a total of 521 properties were scheduled to go under the hammer in Victoria. There were 278 homes sold at auction this week, with 119 homes passed in, 2 homes sold after auction and 122 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 …
Seven Reasons Why Winter Is The Best Time To Buy Property
When it's cold and rainy outside, Saturdays are better spent indoors - snuggled on the couch with a steamy latte and the footy on TV, right? Wrong! In fact, studies show that cold, wet, wintery days are the ideal time for serious house buyers to find their perfect home at a good price. See why you should get off the couch, pop on your beanie and head out to a few open inspections …
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Melbourne Weekend Auction Results
For the week ending the 21st July 2024, a total of 467 properties were scheduled to go under the hammer in Victoria. There were 240 homes sold at auction this week, with 118 homes passed in and 109 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 …
Pending Changes To Rental Standards
The Victorian Government has proposed changes to rental standards which could negatively impact the rental market even further, with significant costs potentially in store for landlords. In a media statement released by the Real Estate Institute of Victoria, proposed changes outlined by the government include introducing minimum standards for energy efficiency and safety in rental …
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Melbourne Weekend Auction Results
For the week ending the 14th July 2024, a total of 373 properties were scheduled to go under the hammer in Victoria. There were 213 homes sold at auction this week, with 67 homes passed in, 1 sold after auction and 92 homes 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 …
