For the week ending the 16th April, a total of 205 houses were scheduled to go under the hammer. The lower number of auctions was anticipated due to the Easter long weekend. A total of 86 were sold at auction, 17 were passed in and one was sold prior to auction. According to data from realestate.com.au, there was a clearance rate of 81%. A recent article by CoreLogic, discusses the …
Melbourne Weekend Auction Results
There were 1083 auction results reported this week, ending the 9th April. A total of 586 were sold at auction, 271 were passed in and 225 sold prior to auction. Data from the Real Estate Institute of Victoria report a clearance rate of 75%. According to CoreLogic, this week was set to be Melbourne’s busiest week of the year to date for auctions. It is thought that the explosion of …
First Home Buyers Budget Lifeline
In line with the budget announcement last week, the Federal Government has stated that it will extend the First Home Loan Deposit Scheme. The Loan Deposit Scheme, which was due to end in June, will allow 10,000 more first home buyer loan guarantees up to a certain threshold, on the condition that those who get approved are purchasing new builds. The scheme will guarantee the loans of …
Melbourne Weekend Auction Results
There were 965 auction results reported this week, ending the 2nd April. A total of 564 were sold at auction, 230 were passed in and 170 sold prior to auction. Data from the Real Estate Institute of Victoria report a clearance rate of 76%. According to Domain , the shift to a buyer's market continues with five times more auctions scheduled this weekend compared to this time last year. …
Selling a property occupied by renters
In a recent savings.com.au, Jacob Cocciolone speaks to Chamberlain Property Advocates about the ins and outs of selling a property that is currently occupied by renters. The first key point is having a good understanding of the lease agreement and giving tenants appropriate notice based on the terms of the lease. The second key point discussed in the article was giving tenants at least 24-48 …
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Melbourne Weekend Auction Results
There were 710 auction results reported this week, ending the 26th March. A total of 598 were sold at auction, 102 were passed in and 5 sold prior to auction. Data from the Real Estate Institute of Victoria report a clearance rate of 80%. According to a recent Domain article, Melissa Heagney writes about how the market is a very different landscape to what it was this time last year. The …
Melbourne Weekend Auction Results
There were 933 auction results reported this week, ending the 19th March. That is almost double compared to last Saturday which was largely driven by the low volumes as a result of the long weekend in Victoria. A total of 508 were sold at auction, 226 were passed in and 199 sold prior to auction. Data from the Real Estate Institute of Victoria report a clearance rate of 76%. Domain …
What do borders opening again spell for house prices?
A client asked us a question recently regarding borders opening up and international arrivals happening again. They were curious what impact, if any, this would have on house hunting and the housing market overall. Real estate is a finely balanced eco-system. Not one thing generally has a huge impact, but over time, several things can affect market sentiment. As the borders open up, …
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Melbourne Weekend Auction Results
There were 407 auction results reported this week, ending the 12th March. A total of 241 were sold at auction, 87 were passed in and 79 sold prior to auction. Data from the Real Estate Institute of Victoria report a clearance rate of 79%. Auction activity is approximately half what it was compared to this time last year, although according to Corelogic, auction volumes were expected to dip …
Victorian Government Homebuyer fund – a way to own your new home
If home ownership has always been just out of reach for you, the Victorian Homebuyer fund could be of assistance. The Victorian Government acknowledges that increasing house prices have made it difficult for Victorians to save for a deposit and get into the market. To help purchase a home, the State Government have created a Homebuyer's fund where $500 million has been set aside to help 3000 …
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