Relief for home-owners today as the Reserve Bank Board announced its decision not to raise interest rates, leaving the cash rate unchanged at 4.35 per cent. While inflation remains high, it is moderating albeit at a slower rate than expected, with the consumer price index increasing by 3.6 per cent in the March quarter. Returning inflation down to a 2-3 per cent target within a …
Melbourne Weekend Auction Results
For the week ending the 5th May 2024, a total of 686 properties were scheduled to go under the hammer in Victoria. There were 380 homes sold at auction this week, with 175 homes passed in and 131 homes sold prior to auction . According to data from the Real Estate Institute of Victoria, there was a clearance rate of 74%. If you have already found a property you are interested in and would …
Melbourne 2nd Most Searched For Location By Second Property Buyers
Real estate comparison site GetAgent has analysed global search terms by second-home property buyers to determine the most popular cities in the world for purchasing a second property. Australia featured strongly in the list, with four Australian capital cities ranked in the top ten locations. In first place was Gold Coast, loved worldwide for its sunny surf beaches, warm weather and …
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Melbourne Weekend Auction Results
For the week ending the 28th April 2024, a total of 543 properties were scheduled to go under the hammer in Victoria. There were 306 homes sold at auction this week, with 118 homes passed in and 119 homes 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 …
Tenants Have Reached The Limits Of Their Rental Pain Threshold
Market researcher Suburbtrends recently released their April Rental Pain Index report based on March 2024 data. It highlights the tough - and worsening - market conditions facing tenants today. From the shortage of available rental properties and escalating rents, Victorian tenants are in extreme pain. The Index showed 386 locations across Victoria where the rental pain index (based on …
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Melbourne Weekend Auction Results
For the week ending the 20th April 2024, a total of 544 properties were scheduled to go under the hammer in Victoria. There were 306 homes sold at auction this week, with 115 homes passed in, 122 homes sold prior to auction and one sold after 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 …
Bondable – A New Tool For Landlords, Agents and Tenants
Have you heard about Bondable? More than just a funky name, Bondable is an innovative new bond processing service designed to save thousands and streamline efficiencies in the tenant on-boarding and off-boarding processes. REIV President Jacob Caine recently announced REIV's support for the product created by Hutly and being trialled in Victoria over an 18 month period. The trial is also being …
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Melbourne Weekend Auction Results
For the week ending the 14th April 2024, a total of 518 properties were scheduled to go under the hammer in Victoria. There were 289 homes sold at auction this week, with 129 homes passed in and 100 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 …
New Taskforce Crackdown on Rental Non Compliance
A new rental taskforce is being established by Victoria's Labor Government with the aim of cracking down on landlords and estate agents who are not complying with existing rental laws. Consumer Affairs Victoria (CAV) will incorporate the taskforce to be comprised of intelligence analysts, investigators and lawyers, while increasing their existing provisions for the reporting of potentially …
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Melbourne Weekend Auction Results
For the week ending the 7th April 2024, a total of 462 properties were scheduled to go under the hammer in Victoria. There were 243 homes sold at auction this week, with 111 homes passed in and 108 homes sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 76%. If you have already found a property you are interested in and …
