For the week ending the 21st July 2024, a total of 467 properties were scheduled to go under the hammer in Victoria. There were 240 homes sold at auction this week, with 118 homes passed in and 109 homes sold prior to auction . According to data from the Real Estate Institute of Victoria, there was a clearance rate of 75%. If you have already found a property you are interested in and …
Pending Changes To Rental Standards
The Victorian Government has proposed changes to rental standards which could negatively impact the rental market even further, with significant costs potentially in store for landlords. In a media statement released by the Real Estate Institute of Victoria, proposed changes outlined by the government include introducing minimum standards for energy efficiency and safety in rental …
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Melbourne Weekend Auction Results
For the week ending the 14th July 2024, a total of 373 properties were scheduled to go under the hammer in Victoria. There were 213 homes sold at auction this week, with 67 homes passed in, 1 sold after auction and 92 homes sold prior to auction . According to data from the Real Estate Institute of Victoria, there was a clearance rate of 82%. If you have already found a property you are …
How To Win At Property Auctions
When the property market is experiencing low stock and demand is high, auction numbers ramp up as strong competition helps vendors to get the best result. But many buyers dislike auction - the crowds, the frenetic pace, the uncertainty and the pressure. If that's you, these tips shared by real estate experts with The New Daily will guide you towards being a confident and successful …
Melbourne Weekend Auction Results
For the week ending the 7th July 2024, a total of 392 properties were scheduled to go under the hammer in Victoria. There were 200 homes sold at auction this week, with 98 homes passed in and 94 homes sold prior to auction . According to data from the Real Estate Institute of Victoria, there was a clearance rate of 75%. If you have already found a property you are interested in and would …
EOFY Wrap Up
As the 2023/2024 financial year closed, we saw plenty of movement in the real estate market throughout the previous 12 months. Across the nation home prices rose by 5.9% during the 2023/2024 FY according to a report by realestate.com.au, due to high demand and low stock in most capital cities. Melbourne saw 0.8% price growth during the period, with 3% to 6% growth forecast for the …
Melbourne Weekend Auction Results
For the week ending the 30th June 2024, a total of 492 properties were scheduled to go under the hammer in Victoria. There were 260 homes sold at auction this week, with 114 homes passed in and 118 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 …
First Home Buying: Where to Look And What To Buy
Many believe that interest rates and house prices have made buying a first home unachievable in most Australian cities - without help from the Bank of Mum and Dad at least. But if you know where to look and what to buy - and you're prepared to compromise a little - it can be done. A recent report by LJ Hooker identified Melton in Melbourne's west as an affordable option for first home buyers, …
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Melbourne Weekend Auction Results
For the week ending the 23th June 2024, a total of 603 properties were scheduled to go under the hammer in Victoria. There were 329 homes sold at auction this week, with 135 homes passed in and 139 homes sold prior to auction . 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 are interested in and …
Surging Mortgage Hardship Claims
With talk of a recession looming, it isn't surprising that the early warning signs of financial stress are being seen in surging mortgage hardship claims and quick home resales, as reported recently by the ABC. Data from CoreLogic shows a recent increase in homes reselling within a three year period, which many are attributing to mortgage stress. That theory is supported by a recent …
