For the week ending the 3rd November 2024, a total of 263 properties were scheduled to go under the hammer in Victoria. There were 166 homes sold at auction this week, with 56 homes passed in, 1 sold after auction and 40 homes sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 79%. If you have already found a property you are …
Quarterly Update on Median House Prices
Victorian property prices haven't experienced the same level of significant growth that many other states have seen in recent years, in fact there has been a decline both in metropolitan Melbourne and regional Victoria property values since 2021 and and 2022 respectively. Metropolitan Melbourne reached its peak of $1,135,500 in Q4 of 2021 before declining to $910,000 in Q4 2023. Since then, …
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We Love Our Happy Clients – Niha and Varun
We love hearing what our happy clients have to say about their experience with Chamberlain Property Advocates. We helped Niha and Varun buy a home! Here is what they had to say: "It was amazing working with Wendy because we are first home buyers. We really didn’t know where to start and Wendy was there with us all along the way and guided us, was patient with us because we thought we were …
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Buyer’s Agent Glen Iris – Suburb Profile
Buying a property in Glen Iris can be a daunting and difficult process. For many of us, buying property is something we only do a few times in our lives. A buyers advocate (also known as a buyers agent or property finder) can be an enormous help when buying a home or investment property by: Questions such as “where can I find a home I can afford”, “am I paying too much?”, “where can I find …
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Melbourne Weekend Auction Results
For the week ending the 27th October 2024, a total of 938 properties were scheduled to go under the hammer in Victoria. There were 498 homes sold at auction this week, with 220 homes passed in and 220 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 …
How Have Land Tax Increases Impacted Investors?
Recent data analysis featured in PropTrack Market Insights indicates the higher land taxes imposed by the Victorian government have impacted the Victorian rental market in several ways. New land tax thresholds were announced by the Victorian government in May 2023 and came into effect in January 2024. For perspective, the cost increase on unimproved land valued at $500K amounted to an …
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We Love Our Happy Clients – Gayan
We love hearing what our happy clients have to say about their experience with Chamberlain Property Advocates. We helped Gayan and Manoji sell a home! Here is what they had to say: "This is the second property that I have sold with the help of Chamberlain Property Advocate and from the get-go it was a very easy process. The best thing I like about using Wendy’s services is that I only …
Buyer’s Agent Northcote – Suburb Profile
Buying a property in Northcote can be a daunting and difficult process. For many of us, buying property is something we only do a few times in our lives. A buyers advocate (also known as a buyers agent or property finder) can be an enormous help when buying a home or investment property by: Questions such as “where can I find a home I can afford”, “am I paying too much?”, “where can I find …
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Melbourne Weekend Auction Results
For the week ending the 20th October 2024, a total of 665 properties were scheduled to go under the hammer in Victoria. There were 358 homes sold at auction this week, with 150 homes passed in and 157 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 …
Update On Victoria’s Housing Crisis
The housing shortage, lack of affordable homes to buy and shortage of long term rental properties are hot topics Australia wide. Queensland's housing and homeless crisis is spiraling, and escalating house prices combined with record low vacancy rates in South Australia means low income earners are struggling to find affordable homes to rent, let alone buy. And New South Wales estimates a …
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