For the week ending the 19th May 2024, a total of 600 properties were scheduled to go under the hammer in Victoria. There were 333 homes sold at auction this week, with 145 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 76%. If you have already found a property you are interested in and …
Statewide Campaign To Enforce Minimum Rental Standards
The Victorian government recently announced a statewide campaign to further educate landlords, agents and tenants on the minimum standards for rental properties. The move is applauded by the Real Estate Institute of Victoria, who have long been advocating for increased education and awareness of minimum rental standards in the property sector. In response to the government's …
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Melbourne Weekend Auction Results
For the week ending the 12th May 2024, a total of 640 properties were scheduled to go under the hammer in Victoria. There were 344 homes sold at auction this week, with 154 homes passed in and 142 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 …
What REALLY Goes On Behind Closed Doors In Real Estate?
There's never a dull moment in the real estate world. Seriously, being involved in buying and selling property is a new and unpredictable experience... Every. Single. Time. There is so much happening behind the scenes that sometimes things get a little wobbly and go pear-shaped, which makes for interesting stories and great learning opportunities. Which is why hugely successful …
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Interest Rates Remain Unchanged
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 …
