For the week ending the 3 June 2023, a total of 550 houses were scheduled to go under the hammer in Victoria. There were 328 homes sold at auction this week, with 114 homes passed in and 108 homes that 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 would like …
Why the housing crisis is about to get worse…
This week the Victorian Government announced it's State budget and it is bad news for both property investors and renters alike. After locking people in their homes for months on end and amassing a multi-billion dollar lockdown debt in the process, the Victorian government now expects rental providers aka landlords to foot the bill for a debt hole dug solely thanks to mismanagement by this …
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Melbourne Weekend Auction Results
For the week ending the 27th May 2023, a total of 785 houses were scheduled to go under the hammer in Victoria. There were 453 homes sold at auction this week, with 157 homes passed in and 173 homes that sold prior to 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 you are interested in and would …
Victorian renters hit as state budget announced
The Real Estate Institute of Victoria (REIV) has today criticised the land tax increases announced in the State Budget, saying they will only worsen the current rental crisis facing Victorians. Quentin Kilian, CEO, REIV, said the decision is a backward step that fails to address the shortage of affordable rental housing that’s impacting Victorian renters. “This is a tax on families – not the …
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Melbourne Weekend Auction Results
For the week ending the 20th May 2023, a total of 604 houses were scheduled to go under the hammer in Victoria. There were 350 homes sold at auction this week, with 124 homes passed in and 130 homes that 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 would …
We’ve answered your questions!
As a Buyer's and Seller's Advocate who's helped many people to buy and sell property over the years, I've been asked a lot of questions about how it all works. If you're looking to buy your first home, searching for your next one, or planning to sell your home, you might be feeling that uneasiness that comes from not knowing what you don't know. Take a moment to relax. It's not as …
Melbourne Weekend Auction Results
For the week ending the 13th May 2023, a total of 537 houses were scheduled to go under the hammer in Victoria. There were 330 homes sold at auction this week, with 108 homes passed in and 99 homes that sold prior to 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 you are interested in and would …
Where do you get your suburb info from?
Thousands of suburbs exist in Melbourne and those who want to learn more about them can always check online. Here are several websites you can use to research suburbs across Australia. Real Estate Australia Apart from providing information on properties for sale and rent, realestate.com.au features a neighbourhoods section where people can research on the various suburbs in the different …
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Melbourne Weekend Auction Results
For the week ending the 6th May 2023, a total of 489 houses were scheduled to go under the hammer in Victoria. There were 295 homes sold at auction this week, with 110 homes passed in and 84 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 interested in and would like …
Buyer whiplash!
New data shows that an average of 6.1% of homes nationally are re-listed within two years of purchase. Why? Whilst Victoria's rates are the second lowest, coming in at 4.3%, the top reason for homeowners re-listing their property within two years is relocation, closely followed by financial stress, such as being unable to keep up with mortgage repayments and selling to avoid defaulting on their …
