For the week ending the 3rd March 2024, a total of 748 properties were scheduled to go under the hammer in Victoria. There were 473 homes sold at auction this week, with 183 homes passed in and 92 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 …
The REIV Urge Comprehensive Review of Property Tax Laws
The Real Estate Institute of Victoria (REIV) has made a submission to the 2024-25 Victorian State Budget urging a comprehensive review of the state's property tax laws. The REIV hopes that reconfiguring the property tax regime will attract investors back to the Victorian property market. The submission outlines three key recommendations:1. That the Victorian Government consider new tax incentives …
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Melbourne Weekend Auction Results
For the week ending the 25th February 2024, a total of 876 properties were scheduled to go under the hammer in Victoria. There were 482 homes sold at auction this week, with 215 homes passed in, 178 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 75%. If you have already found a …
The CPA Team Is Growing!
It's a fact: home buyers and investors in today's property market need help. There's a lot to get your head around when buying property in Victoria. This year already we've seen changes to planning development laws and property tax laws, and a continuing housing shortage which contributes to increased property prices and causes buyers to rethink their property goals. Keeping tabs on …
Melbourne Weekend Auction Results
For the week ending the 18th February 2024, a total of 677 properties were scheduled to go under the hammer in Victoria. There were 396 homes sold at auction this week, with 140 homes passed in and 141 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 are interested in and …
To Buy Or Not To Buy (Now) – That Is The Question
Are house prices going to keep rising? What about interest rates, will they fall this year? Should I buy now, or wait? If these are the questions keeping you up at night , don't worry - everyone else is wondering the same thing. The thing is, house and unit prices reached record levels across Australia last year so buyers like you may well be thinking it's best to wait until they drop. But …
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Melbourne Weekend Auction Results
For the week ending the 11th February 2024, a total of 430 properties were scheduled to go under the hammer in Victoria. There were 259 homes sold at auction this week, with 85 homes passed in, 84 homes sold prior to auction and 2 homes sold after 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 …
GSIP – The Program Designed To Help You Buy With Confidence
Remember when you bought your first car? Did it turn out to be a good buy or a costly lemon? Your answer is most likely because you did your research on reliability, fuel consumption, past maintenance and mileage... or you simply bought it because it looked cool and was a great colour! When you buy a home or invest in property, a "lemon" can be a very costly mistake - and something we would …
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2024 Kicks Off With A Cash Rate Hold
Mortgage holders welcomed today's decision from the Reserve Bank of Australia to hold the cash rate at 4.35 per cent after their first meeting of the year. Although CPI rose by 0.6 per cent in the December 2023 quarter, annual inflation fell from 7.8% in December 2022 to 4.1% in December 2023, reaching a two-year low. While some experts suggest that rates may stay on hold for a few more …
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Melbourne Weekend Auction Results
For the week ending the 4th February 2024, a total of 797 properties were scheduled to go under the hammer in Victoria. There were 499 homes sold at auction this week, with 139 homes passed in, 136 homes sold prior to auction and 23 homes sold after auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 83%. If you have already found a …
