For the week ending the 7th December 2024, a total of 747 properties were scheduled to go under the hammer in Victoria. There were 404 homes sold at auction this week, with 180 homes sold prior to auction, 1 sold after auction and 162 homes passed in. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 78%. If you have already found a property you …
Decoding Auction-Speak And Tips For Winning At Auction
Victoria's property auction season is in full swing. When there are more buyers than properties, auctions enable vendors to sell for the best possible price. But many buyers find bidding at auction quite stressful, so let’s make it a little easier by explaining some of the auction sales jargon and giving you a few tips on how to win at auctions. Auction terms you'll hear frequently: Tips …
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Hotspot Suburbs Attracting First Home Buyers
While most Australians aren't finding it any easier to buy a home, due mainly to the skyrocketing cost of living and house prices and mortgage interest rates remaining stubbornly high, a recent study by PropTrack indicates there are a few affordable hotspots if you know where to look. The latest data from PropTrack shows the ten most in-demand suburbs across Australia experiencing enquiries …
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Melbourne Weekend Auction Results
For the week ending the 24th November 2024, a total of 655 properties were scheduled to go under the hammer in Victoria. There were 371 homes sold at auction this week, with 158 homes passed in and 126 homes 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 …
More Reform To Further Deplete Melbourne’s Rental Market
"The Labor Government has implemented more than 130 rental reforms to restore fairness and respect for renters everywhere – this makes it six more. Victoria is leading the nation." - Premier of Victoria Hon Jacinta Allan MP Leading the nation? To where, homelessness? That recent statement from the Premier's Office formed part of the announcement introducing six more …
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Melbourne Weekend Auction Results
For the week ending the 17th November 2024, a total of 738 properties were scheduled to go under the hammer in Victoria. There were 421 homes sold at auction this week, with 190 homes passed in, 2 homes sold after and 125 homes 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 …
Six Melbourne Suburbs Have Boomed This Year. Is Yours On The List?
An interesting article by Realestate.com.au recently revealed that the median value of almost 280 suburbs across Australia grew by over $205,000 in the past year, according to research by Proptrack. While median prices in Melbourne have only changed marginally in comparison to Sydney, Brisbane, Perth and Adelaide, there were six Melbourne suburbs that enjoyed significant increases to …
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Melbourne Weekend Auction Results
For the week ending the 10th November 2024, a total of 782 properties were scheduled to go under the hammer in Victoria. There were 411 homes sold at auction this week, with 182 homes passed in, and 189 homes 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 …
REIV Support For Stamp Duty Reform
Relief is in sight for home buyers purchasing off-the-plan units, apartments or townhouses with the Victorian Government's plan to offer uncapped stamp duty concessions to ALL buyers of off-the-plan strata properties in Victoria. REIV CEO Kelly Ryan hopes this is the first step in comprehensive stamp duty reform, with tax concessions introduced to incentivise investors and stimulate more …
RBA Leaves Cash Rate On Hold, Again
We hope the Melbourne Cup brought you some joy today, because the Reserve Bank did not. The narrative remains unchanged... at today's meeting the Reserve Bank of Australia announced its decision to leave the cash rate unchanged at 4.35% yet again. While headline inflation has declined significantly and is expected to remain low for a period of time, underlying inflation remains too high …
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