A recent article published on realestate.com revealed an alarming trend. One in four Melbourne landlords have sold an investment property in the last year, leaving Melbourne ranked as the second worst capital city to invest in property. While the trend is nationwide, only Hobart beats Melbourne for the bottom spot, as an estimated 217,000 properties have been sold by investors …
Melbourne Weekend Auction Results
For the week ending the 29th October 2023, a total of 1101 properties were scheduled to go under the hammer in Victoria. There were 559 homes sold at auction this week, with 307 homes passed in, and 235 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 72%. If you have already found a property you are …
The Great Escape – Would You Do It?
Where would you choose to live if work commitments didn’t influence your decision? One of the positives to come out of covid-19 has been increased flexibility in the workplace allowing permanent hybrid or work from home arrangements, with a significant flow-on effect in the housing market. The subsequent impact of changing business models on the housing industry saw an increase in the number …
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Melbourne Weekend Auction Results
For the week ending the 22nd October 2023, a total of 734 properties were scheduled to go under the hammer in Victoria. There were 380 homes sold at auction this week, with 203 homes passed in, and 148 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 72%. If you have already found a property you are …
Victoria’s Housing Reforms – The Good, The Bad And The Ugly
Last month the Andrews government released their long-awaited housing reform policies. The good news? The government is doing something to accommodate the housing shortage and the lack of rental accommodation as well as affordable housing. The bad news is that many experts doubt the efficacy of the proposed changes and the news could even turn ugly if the proposed strategies …
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Melbourne Weekend Auction Results
For the week ending the 15th October 2023, a total of 643 properties were scheduled to go under the hammer in Victoria. There were 359 homes sold at auction this week, with 166 homes passed in, and 117 homes that 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 …
Go Hard or Go Home, Say Melbourne’s First Home Buyers
PropTrack data analysts recently assessed the 20 top suburbs around the country that attracted the most email enquiries from first home buyers. The analysis of email enquiries by first home buyers to agents on realestate.com.au during August showed that first home buyers around the country were most interested in units in the Melbourne CBD, followed by Parramatta in Sydney and …
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Melbourne Weekend Auction Results
For the week ending the 8th October 2023, a total of 743 properties were scheduled to go under the hammer in Victoria. There were 423 homes sold at auction this week, with 162 homes passed in, and 158 homes that 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 …
Spring Home Trends Not To Be Sneezed At!
What’s your favourite season? We enjoy the cosy glow of toasty fires and cheeky red wines but we’re glad when winter comes to an end. And while we love outdoor dining in summertime and the taste of a refreshing G&T, we soon start complaining about unrelenting summer heat. That's when we start looking forward to the cooler temperatures again, and the vibrant hues of autumn …
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RBA Hold Interest Rates Again
Today's announcement by the RBA Board sees the cash rate remain at 4.10% despite inflation still sitting above the target and the monthly CPI increasing to 5.2% in August, up from 4.9% in July. In her statement today, incoming Reserve Bank Governor Michele Bullock suggested the full effect of previous rate hikes on our economy are yet to be seen, so while the conditions aren't perfect the RBA …
