There are currently some major infrastructure projects in the pipeline for Victoria. Exciting times! The Suburban Rail Loop will incorporate 90 kilometres of railway line and a number of new train stations. It will mean significant changes in relation to commuting times and accessibility to Greater Melbourne and to Melbourne Airport (finally!). Read about this project here. The other …
Styling techniques for maximum impact!
Whether you’ve purchased an investment home to renovate and sell or if you’re an owner who’s looking to sell your home to upgrade or even to downsize, there are certain styling techniques you can use that will speak to a prospective buyer and tug at their heart-strings. It’s important not to be too literal when portraying a theme for the home. We saw a couple of the contestants on The Block make …
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Melbourne Weekend Auction Results | 24th April 2021
The final weekend in April was another busy one for Victoria's real estate market, with 704 auctions reported and a clearance rate of 80% according to REIV data. Volume was more than 30% lower than the week before, which saw 1104 auctions across Victoria. The ANZAC Day long weekend generally brings lower volume to the market. While data is limited for the same period last year (due …
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Strata title vs company title – do you know the difference?
. In 1961 - a full six decades ago now - strata title was introduced to Australia, beginning in New South Wales. Today, strata title is by far the most common type of property title covering apartment blocks and unit properties. This may lead some buyers to think that strata title is the only type of title covering apartments and units. However, that's not the case. When it comes to …
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Melbourne Weekend Auction Results | 20th March 2021
The week ending 20th March delivered strong results in the auction market, with volume and the clearance rate both performing well. According to REIV data, the clearance rate for the week was 83%. At the same time last year it was 67%. 943 auctions were reported across Melbourne. 631 homes were sold at auction and 154 sold before auction, with 158 passed in. 20 properties were …
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Melbourne Weekend Auction Results | 13th March 2021
The week ending 13th March delivered a relatively high volume of properties at auction with a clearance rate of 82%, according to REIV data. Ath same time last year, the clearance rate was 70%. Across Melbourne, 808 auctions were reported. 493 homes were sold at auction, while another 165 were sold before auction, with 145 passed in. 9 properties were withdrawn from sale. An …
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Melbourne Weekend Auction Results | 6th March 2021
The week ending 6th March saw Melbourne's unrelenting buyer demand continue as the city enjoyed a weekend of stellar autumn weather. The REIV recorded a clearance rate of 84%. This result is based on 360 auctions reported across Melbourne. 243 homes were sold at auction and 59 were sold before auction, with 56 passed in. 10 properties were withdrawn from sale. The high demand …
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Melbourne’s most expensive suburbs and where to look instead
It's well documented that Melbourne Property prices are dropping, however it doesn’t mean every suburb is offering the ultimate bargain. Wendy Chamberlain spoke to Domain regarding more affordable, alternative suburbs to the highly sought after suburb of Toorak. Local suburbs of South Yarra, Prahran and Armadale may offer a similar lifestyle. “Nowadays in Melbourne, you can get the lifestyle …
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Relisting for sale: Vendors change their approach as Melbourne house prices drop
As the Melbourne housing market weakens some home owners are dropping their asking prices or making minor updates in preparation to relisting properties that had previously failed to sell. Wendy Chamberlain has spoken to The Sunday Age regarding this topic. “I’ve been seeing this for the past 12 to 18 months where an agent will have a property on the market and they’re trying to sell it for an …
Is what the media is telling you the whole truth?
As I was preparing for my speaking spot on Midday Panorama (NorthWest FM radio) with Vilma Formosa, I found it interesting to compare how the different suburbs of Melbourne are faring. What I discovered, of course, is a slightly different picture to what the media feeds you. You're most likely reading that the Melbourne median house price is down 5.6% for the year and more doom and …
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