For the week ending the 17th September, a total of 653 houses were scheduled to go under the hammer in Victoria. There were 352 homes sold at auction this week, with 195 homes passed in and 106 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 70%. If you have already found a property you are interested in and …
Queensland Land Tax Changes
As seen in the REIV newsletter last week, The Queensland government has recently passed a significant change to the way land tax is calculated on eligible real estate in Queensland. From 30 June 2023, the Queensland Government will use the total value of your Australian land. This includes your taxable land in Queensland and your relevant interstate land. REIV supports the REIA in opposing …
Buyer’s Agent Mentone – Suburb Profile
Buying a property in Mentone can be a daunting and difficult process. For many of us, buying property is something we only do a few times in our lives. A buyers advocate (also known as a buyers agent or property finder) can be an enormous help when buying a home or investment property by: Questions such as “where can I find a home I can afford”, “am I paying too much?”, “where can I find …
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Melbourne Weekend Auction Results
For the week ending the 10th September, a total of 543 houses were scheduled to go under the hammer in Victoria. There were 282 homes sold at auction this week, with 168 homes passed in and 93 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 69%. If you have already found a property you are interested in and would …
Buyers are increasingly seeking a home with a study or second living space
Among many other changes post pandemic, buyers re-evaluating their buying criteria, particularly the space and rooms their dream property has. Considering the number of weeks in lockdown we have spent in our homes, particularly in Melbourne, a home office or study has become of key importance for buyers. For renovators and house flippers this should be a renovation priority right …
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We Love Our Happy Clients – Karla
We love hearing what our happy clients have to say about their experiences with Chamberlain Property Advocates. We helped Karla purchase her first property. Here is what Karla had to say about working with Wendy and Chamberlain Property Advocates:"Thank you so much Wendy and Jemma. I absolutely couldn't have done it without you both. You've all been an absolute godsend. I can't wait to move …
RBA rises interest rates at their fastest pace in three decades
At their monthly meeting this afternoon, the RBA has decided to further raise its cash rate by 50 basis points, taking it from 1.85% to 2.35%, it's fastest pace in three decades. Shane Oliver, Chief Economist at AMP, told news.com.au, "They've done five hikes in a row, four consecutive 0.5 per cent increases, it's the fastest tightening cycle since 1994." On top of that, Australia's 2.35 per cent …
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Buyer’s Agent Ascot Vale – Suburb Profile
Buying a property in Ascot Vale can be a daunting and difficult process. For many of us, buying property is something we only do a few times in our lives. A buyers advocate (also known as a buyers agent or property finder) can be an enormous help when buying a home or investment property by: removing the stress and frustration of buying a homesaving you time and allowing you to get your …
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Melbourne Weekend Auction Results
For the week ending the 3rd September, a total of 546 houses were scheduled to go under the hammer in Victoria. There were 316 homes sold at auction this week, with 163 homes passed in and 67 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 70%. If you have already found a property you are interested in and would …
Buying an investment property is not the same as buying your dream home – Part 2
In last week’s blog, we delved into why the decision to buy a home as an owner-occupier is one vastly different to investing in a property to rent out. If you missed last week, you can read it again here. Renters of your property will have several expectations of what they are looking for when it comes to living in your home. These expectations generally revolve …
