Well, it’s mid winter, they say inflation is rising, we’re not really expecting the Reserve Bank to lower interest rates next month… good grief! Is it ALL doom and gloom?
Not necessarily, after the REIV’s release of their monthly research bulletin for July. Auction clearance rates were up, boasting a very healthy 80% clearance result which is great news for home owners opting to sell by auction right now. With less homes on the market in the winter months, it can be a good time to get lots of buyers through your open inspections.
Rental vacancy rates logged in at 2.3% for July, which isn’t as low as some states if you’re looking for somewhere to rent in Victoria , and not bad news for landlords either.
The Residential Market Index (RMX) did drop 3.2% but that is not surprising for the mid winter period.
So, with that real estate wrap it’s back to the footy… we hope your team has a win this weekend!
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By Wendy Chamberlain
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With a passion for all things real estate spanning over 20 years, Wendy loves that her role as a Buyers Agent or Sellers Advocate gives her buying and selling clients an experienced voice they can trust when it comes to negotiating to buy or sell something as important as their home or investment. Wendy considers it a privilege to be asked to help others realise such an important goal as home ownership and to be trusted with that honour. Get in touch today via www.chamberlainadvocates.com.au for a no obligation chat about how Wendy can work with you and help you save time and money to secure your new home sooner.