For the week ending the 27th August 2023, a total of 715 properties were scheduled to go under the hammer in Victoria. There were 400 homes sold at auction this week, with 181 homes passed in, and 134 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 …
Stressed About Your Fixed Rate Changing To Variable Soon? We Can Help!
If your fixed rate mortgage term is coming to an end and the switch to variable rates is looming, you may be feeling quite worried about how your budget will cope. Borrowers with a $750K mortgage are paying on average a hefty $1,900 per month more than they were in May last year. Coupled with rising inflation, many home owners are certainly feeling the pinch right now. Perhaps …
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Melbourne Weekend Auction Results
For the week ending the 20th August 2023, a total of 537 properties were scheduled to go under the hammer in Victoria. There were 316 homes sold at auction this week, with 119 homes passed in, and 101 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 78%. Image source: Envato Elements If you have already found …
Will The First Home Buyers Grant Be Abolished?
In a historic move Victoria's long standing state funded first home owner grant may be abolished as the government's budget overhaul includes a review of current housing affordability schemes. Following advice from Infrastructure Victoria that the first home owner grant has failed to boost housing affordability and has provided more benefits to developers than first home buyers through …
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Melbourne Weekend Auction Results
For the week ending the 13th August 2023, a total of 560 properties were scheduled to go under the hammer in Victoria. There were 320 homes sold at auction this week, with 160 homes passed in, and 80 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 71%. If you have already found a property you are interested in …
5 Ways To Downsize Without Compromise
DOWNSIZING certainly has a few advantages, such as more time to enjoy life and less time spent on maintenance and housework. You might save money on energy and water bills, and find it easier to lock up and leave when you're ready to travel. But what about the downside to downsizing? Will you have enough space to store a lifetime of belongings such as treasured family momentos? …
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Melbourne Weekend Auction Results
For the week ending the 6th August 2023, a total of 528 properties were scheduled to go under the hammer in Victoria. There were 302 homes sold at auction this week, with 133 homes passed in, and 92 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 interested …
Underquoting – Why Do Agents Do It?
Underquoting. All buyers hate it, so why does it happen? Underquoting has been around a long time. Real estate agents are legally required to provide a price guide for all properties listed for sale. They calculate the price guide based on past sales of similar properties within a specified radius. So, working within the legal parameters agents will use available housing data to create a …
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RBA Leaves Interest Rates On Hold
Mortgage holders breathed a sigh of relief today as the RBA announced its decision to leave interest rates on hold for what is only the second consecutive month since May 2022. Providing welcome respite from the past year's relentless interest rate rises, the Reserve Bank Governor Philip Lowe said the decision gives the Board time to assess the state of the economy as inflation begins to …
Melbourne Weekend Auction Results
For the week ending the 30 July 2023, a total of 554 properties were scheduled to go under the hammer in Victoria. There were 305 homes sold at auction this week, with 137 homes passed in, and 112 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 interested in …
