For the week ending the 2nd October 2023, a total of 924 properties were scheduled to go under the hammer in Victoria. There were 505 homes sold at auction this week, with 232 homes passed in, and 186 homes that 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 …
Rising House Prices – When Will They Hit The Roof?
According to the PropTrack Home Price Index, national property prices rose again for the eighth straight month in August. Fueled by a housing shortfall and increased overseas migration, cities such as Brisbane, Adelaide and Perth along with regional Queensland and South Australia saw new record high property prices. In Melbourne, prices rose a modest 0.15% in August while the rest of …
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Melbourne Weekend Auction Results
For the week ending the 24th September 2023, a total of 724 properties were scheduled to go under the hammer in Victoria. There were 411 homes sold at auction this week, with 171 homes passed in, and 142 homes that 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 …
Powerful First Impressions: Do They Really Matter?
Do first impressions matter? 100% they do, especially when you're selling a property! Imagine being introduced to someone new and their clothes are stained, their face is dirty and their hair is long and lanky. Their glasses are broken and cobbled together with tape, and they're carrying a stinky bag of household rubbish. Are you diving in to shake their hand with enthusiasm? Maybe not. …
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Melbourne Weekend Auction Results
For the week ending the 17th September 2023, a total of 630 properties were scheduled to go under the hammer in Victoria. There were 340 homes sold at auction this week, with 172 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 73%. If you have already found a property you are …
Home Buying vs Online Dating. Which is Harder?
If you had to choose, which would you rather do - home buying or online dating? Actually, if you compare the pair you'll find both experiences surprisingly similar. They each begin with browsing the internet, searching for 'the one' that catches your eye and sets your heart a-flutter from the get-go. When you finally discover an initial attraction that gets your toes tingling, the next …
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Melbourne Weekend Auction Results
For the week ending the 10th September 2023, a total of 669 properties were scheduled to go under the hammer in Victoria. There were 379 homes sold at auction this week, with 161 homes passed in, and 129 homes that 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 …
Why Are Home Buyers and Sellers Now Feeling Less Stressed?
If you've been searching for a home to buy in recent months you may have been frustrated by the lack of stock. Home owners probably don't need to be told that market uncertainty has been established as the leading cause of low sales volumes. Naturally, when the future looks uncertain and our financial security is threatened, we hunker down and play it safe until we can see some positivity …
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RBA Holds Interest Rates Steady
Today's decision by the RBA to leave the cash rate unchanged at 4.10% eases the pressure on mortgage holders for the third consecutive month. Reserve Bank Governor Philip Lowe said inflation has passed its peak as the monthly CPI indicator continues to decline. Mr Lowe advised that the Board remains committed to lowering inflation and will continue to pay close attention to the global economy, …
Melbourne Weekend Auction Results
For the week ending the 3rd September 2023, a total of 682 properties were scheduled to go under the hammer in Victoria. There were 366 homes sold at auction this week, with 176 homes passed in, and 140 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 …
