For the week ending the 3rd December, a total of 733 houses were scheduled to go under the hammer in Victoria. There were 364 homes sold at auction this week, with 232 homes passed in and 137 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 67%. If you have already found a property you are interested in and would …
Buying your first home? Why you need a buyers advocate.
There are many professionals you will meet in the process of buying your property. One that is worth their weight in gold and can make a huge difference to your first home buying journey is a buyer's advocate. Buyer’s advocates can save you money as a first home buyer in a number of ways. First and foremost, buyer’s advocates often have access to properties that aren’t readily available for …
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Melbourne Weekend Auction Results
For the week ending the 26th November, a total of 624 houses were scheduled to go under the hammer in Victoria. There were 311 homes sold at auction this week, with 206 homes passed in and 106 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 67%. If you have already found a property you are interested in and would …
Victorian Liberals pledge stamp duty cut for first home buyers
Recently the Victorian opposition has announced it would scrap stamp duty for first home buyers who purchase a property less than $1 million if it wins the state election. Scrapping stamp duty has been a key pre-election push from the Victorian Chamber of Commerce and Industry (VCCI). Opposition Leader Matthew Guy has said, "We want to get more Victorians into home ownership, not into …
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Melbourne Weekend Auction Results
For the week ending the 19th November, a total of 667 houses were scheduled to go under the hammer in Victoria. There were 327 homes sold at auction this week, with 235 homes passed in and 105 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 65%. If you have already found a property you are interested in and would …
Tips on getting the best return when selling your property
Homeowners and investors who want to sell their houses should always consider increasing the value of their property before putting it on the market. This way, they can get the best return for their property. Doing minor or cosmetic repairs is an ideal step to take. Check your kitchen and bathrooms for fixtures that may need to be replaced such as cabinet handles, cabinet doors, lighting and …
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Melbourne Weekend Auction Results
For the week ending the 12th November, a total of 656 houses were scheduled to go under the hammer in Victoria. There were 329 homes sold at auction this week, with 207 homes passed in and 119 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 68%. If you have already found a property you are interested in and would …
All you need to know about the changes to the First Home Super Saver Scheme
The First Home Super Saver (FHSS) scheme allows individuals to save money for their first home through their super fund. This is to help first home buyers save faster with the concessional tax treatment of superannuation, and the FHSS tax offset, which reduces the amount of tax payable. For FHSS determinations made from 1 July 2022, the amount of eligible contributions that can count towards …
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Melbourne Weekend Auction Results
For the week ending the 5th November, a total of 500 houses were scheduled to go under the hammer in Victoria. There were 262 homes sold at auction this week, with 150 homes passed in and 87 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 70%. If you have already found a property you are interested in and would …
‘A Place to Call Home’ Budget aims for one million new affordable homes
REIV calls for necessary property sector reforms across four key areas in lead-up to 2022 Victorian State Election. In the lead-up to the 2022 Victorian state election, The Real Estate Institute of Victoria (REIV) is calling on state political leaders and advisers across the property sector to support reforms that will ensure a prosperous future for all participants in Australia’s property …
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