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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Regional Victoria boom
Regional Victoria suburbs are experiencing a major price increase boom! Research shows that properties are earning four times more than the average income of regional homeowners. This is thanks to sea and tree change buyers accelerating their move to regional towns due to the pandemic. The boom is widespread and includes, but is not limited to the surf coast, Bellarine Peninsula, alpine …
Southeast rail line sparks housing boom
We will see an extra 7200 homes built in the outer south-east thanks to a major rail line extension and upgrade. It appears that the building of new train stations in Pakenham and Pakenham East is set to commence this year with this busy rail line to be extended 2km via an elevated sky rail and crossover. The plan is worth hundreds of millions of dollars and has already sparked a housing lot …
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Home office / study a priority for buyers
Amongst many other changes to our lives, the last two years have seen a re-evaluation of how much space and the type of accommodation we need. Considering the number of weeks in lockdown we have spent in our homes, particularly in Melbourne, a home office or study has become of key importance for buyers. For renovators and house flippers this should be a renovation priority right …
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Soaring property prices in sought after school zones
The trend of paying a premium for properties in sought after public school zones is nothing new. However, due to the pandemic and continued harsh lockdowns, more and more disheartened families are yearning to abandon Melbourne for a sea or tree-change. This has seen a sharp increase in home prices within popular school zones. For instance, some parts of Mount Eliza have seen property prices …
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APRA tightens home loan rules
Australian Prudential Regulation Authority (APRA) announced on 6 October that it is introducing tighter mortgage serviceability tests, making it more difficult for some borrowers to get a home loan. The minimum interest rate buffer on home loan applications has been increased from 2.5 to 3 percentage points. Therefore, from November, new borrowers will be tested by banks to determine their …
Whether renovating for resale or a mini facelift, small fix ups count!
Whether your home needs a facelift or you are considering a refresh to sell it, there are little upgrades you can make that don’t cost a lot. Don’t underestimate the power of small fix ups like a fresh coat of paint, upgraded door handles, tapware, lighting fixtures or new cabinet handles. If your kitchen or bathroom surfaces are laminate, replacing them with a good quality …
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Looming crackdown on the surge in house prices
As house prices continue to increase, there are whisperings of home loan crackdowns looming within the next 12 months. There have been discussions held between the Federal Treasurer, Josh Frydenberg and the banking regulator APRA (Australian Prudential Regulation Authority) to determine how to take control of the situation before it gets out of hand. APRA is an independent statutory …
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