For the week ending the 1st April 2023, a total of 814 houses were scheduled to go under the hammer in Victoria. There were 481 homes sold at auction this week, with 187 homes passed in and 146 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 77%. If you have already found a property you are interested in and …
6 Things our Clients thank us for!
We often get asked: what's the difference between a buyer's advocate and a real estate agent? The key difference between a buyer's advocate and a real estate agent is who they represent. A real estate agent is acting on behalf of the seller, also known as the vendor. A buyer's advocate is acting purely on behalf of the buyer, working exclusively for them to achieve the very best outcome …
Melbourne Weekend Auction Results
For the week ending the 25th March 2023, a total of 967 houses were scheduled to go under the hammer in Victoria. There were 542 homes sold at auction this week, with 219 homes passed in and 203 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 77%. If you have already found a property you are interested in and …
Include an ‘offer expiration’ clause in your offer
Also known as a sunset clause, it is wise to include an "offer expiration" clause in any offer that you make to purchase property. Such a clause states a date and time when your offer will expire and will encourage a Vendor to make a decision or risk losing a sale. It will also encourage an agent to act quickly to ensure your offer is presented to the Vendor promptly. Ideally, a sunset …
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Melbourne Weekend Auction Results
For the week ending the 18th March 2023, a total of 908 houses were scheduled to go under the hammer in Victoria. There were 481 homes sold at auction this week, with 239 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 74%. If you have already found a property you are interested in and …
Looking to invest with a tenant in mind?
Here is a golden rule for your investing. Rather than buy first then wonder, how do I get a tenant, why not buy with the tenant in mind? For the suburb that you are looking to buy in, go into the real estate agency, walk past the sales guy/gal, sit down with the rental manager and ask them: Then go and buy that sort of property. You have an entire market that is already there, …
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Melbourne Weekend Auction Results
For the week ending the 11th March 2023, a total of 313 houses were scheduled to go under the hammer in Victoria. There were 167 homes sold at auction this week, with 89 homes passed in and 56 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 interested in and would …
How to use inspection reports as negotiating tools
When you buy property, we all know you should employ the services of a qualified building and pest inspector to give the house a once over and highlight any issues there may be with the property. A building or pest inspection report will reveal any issues with the structure of the building, recent termite activity or even things such as rising damp. A thorough report will also highlight minor …
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RBA announces its 10th rate rise
Reserve Bank Governor Philip Lowe has issued a grim update on Australia’s battle with rampant inflation, after the RBA lifted rates for a tenth consecutive time to 3.6 per cent on Tuesday. The expected 25 basis rise was confirmed after the Reserve Bank board met on Tuesday afternoon, with the cash rate at its highest since June 2012. Mr Lowe flagged more “tightening of monetary policy will …
Melbourne Weekend Auction Results
For the week ending the 4th March 2023, a total of 610 houses were scheduled to go under the hammer in Victoria. There were 566 homes sold at auction this week, with 147 homes passed in and 125 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 interested in and …
