For the week ending the 8th September 2024, a total of 581 properties were scheduled to go under the hammer in Victoria. There were 325 homes sold at auction this week, with 123 homes passed in, 1 sold after auction and 132 homes 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 …
It’s Time Victoria Tightened Its Auction Bidding Rules
Melbourne might host the highest number of property auctions in the country but it has some of the worst practices, leaving sellers and buyers at risk of losing thousands of dollars. Real estate experts are calling on the Victorian government to tighten regulations around auction processes in order to protect buyers and sellers from disingenuous bidding practices. While bidders in the other …
Continue Reading about It’s Time Victoria Tightened Its Auction Bidding Rules →
Melbourne Weekend Auction Results
For the week ending the 1st September 2024, a total of 635 properties were scheduled to go under the hammer in Victoria. There were 360 homes sold at auction this week, with 147 homes passed in and 128 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 you are interested in and …
Melbourne Suburbs Where Property Prices Rose And Fell
Domain's House Price Report for the June quarter showed some significant rises and falls to median house prices across a range of suburbs - some not necessarily where you might expect. Family buyers seeking affordable suburbs may have contributed to increased median prices in suburbs such as Keilor, which saw the biggest increase of 20% to reach a median price of $1.20 …
Continue Reading about Melbourne Suburbs Where Property Prices Rose And Fell →
Melbourne Weekend Auction Results
For the week ending the 25th August 2024, a total of 584 properties were scheduled to go under the hammer in Victoria. There were 318 homes sold at auction this week, with 133 homes passed in, 132 homes sold prior to auction and one home sold after 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 …
Proposed Minimum Rental Standards Are Attracting Maximum Commentary
There has been plenty of rhetoric around the Victorian Government's proposed minimum rental standards over the past couple of months, with REIV's CEO Kelly Ryan the latest to chime in. The controversial proposal - which is open for consultation - imposes potentially impactful changes on landlords during a period when the rental market is already under significant stress. The proposed changes …
Continue Reading about Proposed Minimum Rental Standards Are Attracting Maximum Commentary →
Melbourne Weekend Auction Results
For the week ending the 18th August 2024, a total of 523 properties were scheduled to go under the hammer in Victoria. There were 284 homes sold at auction this week, with 129 homes passed in and 110 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 …
Melbourne Is Attracting Sydney Property Buyers
Across Melbourne buyer advocates are reporting increased enquiries from Sydney home buyers looking to purchase a home or an investment property in Melbourne. The Melbourne real estate market is attracting Sydney property buyers who are priced out of the Sydney market and find Melbourne property prices infinitely more affordable. The Domain House Price Report for June indicated that Sydney …
Continue Reading about Melbourne Is Attracting Sydney Property Buyers →
Melbourne Weekend Auction Results
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 …
