For the week ending the 1st September 2024, a total of 635 properties were scheduled to go under the hammer in Victoria. There were 360 homes sold at auction this week, with 147 homes passed in and 128 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 …
Melbourne Suburbs Where Property Prices Rose And Fell
Domain's House Price Report for the June quarter showed some significant rises and falls to median house prices across a range of suburbs - some not necessarily where you might expect. Family buyers seeking affordable suburbs may have contributed to increased median prices in suburbs such as Keilor, which saw the biggest increase of 20% to reach a median price of $1.20 …
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Melbourne Weekend Auction Results
For the week ending the 25th August 2024, a total of 584 properties were scheduled to go under the hammer in Victoria. There were 318 homes sold at auction this week, with 133 homes passed in, 132 homes sold prior to auction and one home sold after 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 …
Proposed Minimum Rental Standards Are Attracting Maximum Commentary
There has been plenty of rhetoric around the Victorian Government's proposed minimum rental standards over the past couple of months, with REIV's CEO Kelly Ryan the latest to chime in. The controversial proposal - which is open for consultation - imposes potentially impactful changes on landlords during a period when the rental market is already under significant stress. The proposed changes …
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Melbourne Weekend Auction Results
For the week ending the 18th August 2024, a total of 523 properties were scheduled to go under the hammer in Victoria. There were 284 homes sold at auction this week, with 129 homes passed in and 110 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 …
Melbourne Is Attracting Sydney Property Buyers
Across Melbourne buyer advocates are reporting increased enquiries from Sydney home buyers looking to purchase a home or an investment property in Melbourne. The Melbourne real estate market is attracting Sydney property buyers who are priced out of the Sydney market and find Melbourne property prices infinitely more affordable. The Domain House Price Report for June indicated that Sydney …
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Melbourne Weekend Auction Results
For the week ending the 11th August 2024, a total of 556 properties were scheduled to go under the hammer in Victoria. There were 319 homes sold at auction this week, with 110 homes passed in and 127 homes sold prior to auction . According to data from the Real Estate Institute of Victoria, there was a clearance rate of 80%. If you have already found a property you are interested in and …
RIP Paper Titles
It's the end of an era which may have some home owners feeling a little nostalgic... The Torrens system of land titles was first introduced in South Australia in 1858, with Victoria recorded as one of the first states to adopt it. But 166 years later, it's all changed. As of August 2024, all new property titles in Victoria are now being issued in electronic format as we move to a fully …
RBA Leaves Cash Rate On Hold
Earlier today the Reserve Bank of Australia announced its sixth consecutive decision to leave the cash rate unchanged at 4.35%. While many were hoping for cuts to their mortgage interest rates, this decision was widely anticipated as inflation hasn't fallen as quickly as the RBA had hoped. Today was a day of economic turmoil, as global stock markets plummeted and the ASX experienced its worst …
Melbourne Weekend Auction Results
For the week ending the 4th August 2024, a total of 496 properties were scheduled to go under the hammer in Victoria. There were 286 homes sold at auction this week, with 88 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 82%. If you have already found a property you are interested in and …
