Interest rates didn't decrease today as many mortgage holders hoped, but neither did they rise. Around the world central banks are beginning to cut their interest rates, but the Reserve Bank of Australia (RBA) left the cash rate on hold at 4.35 per cent. The reason given for the decision by the RBA Board is that while inflation is easing, it is doing so at a slower rate than previously …
Melbourne Weekend Auction Results
For the week ending the 16th June 2024, a total of 633 properties were scheduled to go under the hammer in Victoria. There were 324 homes sold at auction this week, with 157 homes passed in and 152 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 …
What You Need To Know About The Vacant Residential Land Tax
The amended Vacant Residential Land Tax comes into effect on the 1st January 2025. If your property has been vacant during 2024 for more than six months, you could be hit with a VRLT in 2025. Currently, the VRLT applies to vacant homes in Melbourne's inner and middle suburbs, but from January 1st 2025 it will apply across the state, to all Victorian properties. There are some residential …
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Melbourne Weekend Auction Results
For the week ending the 9th June 2024, a total of 284 properties were scheduled to go under the hammer in Victoria. There were 136 homes sold at auction this week, with 83 homes passed in and 65 homes sold prior to auction . According to data from the Real Estate Institute of Victoria, there was a clearance rate of 71%. If you have already found a property you are interested in and would …
How To Showcase Your Property For A Winter Sale
Everyone says spring is the best time of year to sell property. But is it? In fact, every season brings pros and cons to selling a home. Spring sees flourishing weeds and windy days, but no temperature extremes. Summer days can be scorching, but homes with pools look extra cool and inviting. Autumn is picturesque but leaves can clog gutters and cover driveways. And winter... well it might …
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Melbourne Weekend Auction Results
For the week ending the 2nd June 2024, a total of 734 properties were scheduled to go under the hammer in Victoria. There were 393 homes sold at auction this week, with 176 homes passed in, one sold after auction and 164 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 …
Victorian State Budget Fails To Incentivise Property Investors
The recent release of the Allan Government's first budget sees a missed opportunity to attract investors back into Victoria's struggling property sector. With housing supply and affordability issues at a crisis point and a disincentivising property tax regime sending investors away in droves, Victoria needed the 2024-25 State Budget to step up and encourage property investment. While …
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Melbourne Weekend Auction Results
For the week ending the 26th May 2024, a total of 659 properties were scheduled to go under the hammer in Victoria. There were 348 homes sold at auction this week, with 158 homes passed in and 153 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 …
Could Build To Rent Projects Solve Our Rental Problem?
Chances are you've not heard about build-to-rent projects, which isn't surprising. While build-to-rent occurs quite significantly in foreign housing marketing such as the United States where it accounts for about 12% of the housing market and the UK where it is about 5%, in Australia BTR's account for just 0.2% according to a recent report by Domain. This means, of the 2.5 million rental …
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Melbourne Weekend Auction Results
For the week ending the 19th May 2024, a total of 600 properties were scheduled to go under the hammer in Victoria. There were 333 homes sold at auction this week, with 145 homes passed in and 122 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 …
