The week ending the 12th February, 2022 saw 1082 Melbourne properties scheduled for auction. Of these, 440 properties were sold and 126 were passed in. Five properties sold after auction and four prior to auction. This was a clearance rate of 78% based on 575 auction results available (according to realestate.com.au data) . This is a slight decrease from last week's clearance rate of 82% and …
Victorian Commercial Tenancy Relief Scheme Extended to 15th March
The Commercial Tenancy Relief Scheme (CTRS), including retail, aims to alleviate financial hardship faced by tenants and landlords as a result of the COVID-19 pandemic. Eligible businesses can receive the benefit in the form of a proportionate reduction in rent. Landlords who provide rent relief to their tenants are also eligible for land tax relief (up to 25%). Smaller landlords can also …
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Melbourne Weekend Auction Results
The week ending the 5th February, 2022 saw 602 Melbourne properties scheduled for auction. Of these, 250 properties were sold and 70 passed in. Two properties sold after auction and seven prior to auction. This was a clearance rate of 78% based on 332 auction results available (according to realestate.com.au data). As recently reported in realestate.com.au, price growth in Melbourne in …
Home Heating and Cooling Upgrades Program for Rental Properties
Rental properties are now eligible for a $1000 rebate to replace inefficient heaters and coolers through the Home Heating and Cooling Upgrades Program. The rebate is designed to support rental providers install the most effective and efficient heating and cooling system for the home in the hope of making rental properties safer, healthier and more comfortable. Individual rental providers …
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Melbourne Weekend Auction Results
The week ending 29th January, 2022 saw 396 Melbourne properties scheduled for auction. Of these, 155 properties were sold and 45 passed in. Two properties sold after auction and one prior to auction. This is a clearance rate of 77% based on 206 auction results available (according to realestate.com.au data). As we get back into the swing of a new year, people are wondering what will lie …
Melbourne Weekend Auction Results
The week ending 22nd January, 2022 saw 169 properties scheduled for auction. Of these, 60 properties were sold and 18 passed in. One property sold after auction. This is a clearance rate of 77% based on 79 auction results available (according to realestate.com.au data). It is not unusual for auctions to dip in January - a very different time of the year compared to last month which had …
Use a security switch to swap over your home loan
Want to buy and sell at the same time but unsure what to do about your existing home loan? You may be able to switch it over to your new purchase. A security switch effectively means swapping your home loan from your existing loan to your new purchase. In other words, rolling over an existing bank loan (once you sell property one) into a new purchase (property two), without the need for …
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Can’t afford to buy into your dream suburb? Try finding your new home near neighbouring train stations.
Priced out of your dream suburb? Try looking into properties near neighbouring train stations. Buying a home just one or two train stops further down the train line, could save you a lot of money. To illustrate, an extra two minutes on the Upfield line between Royal Park and Brunswick's Jewell station could save you upwards of $400,000. Searching for your new home one stop further along a …
Office hours over the Festive Season
As the year comes to an end, Chamberlain Property Advocates will be taking some well-deserved time off. We wish all our CPA family and friends a joyous festive season. CPA will close from the 23rd December, 2021 and reopen on the 10th January, 2022. Please call the office on 03 9686 2288 if your matter is urgent and we will get back to you as soon as possible. Wishing you all a joyous …
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Property inspections open to all. Pandemic rules ease.
The Victorian Government has made changes to the state's COVID-19 restrictions including amendments to public health orders. From 12:59pm on the 15th December, vaccination status is no longer required to be disclosed in order to attend real estate inspections and auctions. The wearing of masks is still a requirement and real estate agents will still need to adhere to various COVID-19 safe …
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