Chamberlain Property Advocates
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A Melbourne schoolteacher is facing a first homebuyer's worst fears after discovering that the apartment she purchased in 2018 contains severe defects. Lauren Bird decided to invest in an apartment in order to get into the property market. Unfortunately, she wasn't aware of the importance of a strata report when purchasing an apartment. Ms Bird did what she thought was …
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The final week of January saw Melbourne buyers active across Melbourne in what has been a robust market so far this year. The Melbourne auction market recorded an 83 percent clearance rate (based on REIV data), a slight increase on the 82 percent for the previous week. At the same time last year, the clearance rate was 69 percent. This result is based on 276 auctions reported …
Continue Reading about Melbourne Weekend Auction Results | 30th January 2021 →
As Melbourne continues with Stage Three restrictions due to mounting cases of coronavirus, buyers are still out and about and buying real estate. The Melbourne auction market recorded a 82 percent auction clearance rate (based on REIV data), down from 88 percent last week. At the same time last year, the clearance rate was 74 per cent. This result is based on 192 auctions reported …
Continue Reading about Melbourne Weekend Auctions Results | 18 July 2020 →
With the Melbourne market back into Stage Three restrictions due to mounting cased of coronavirus, buyers appear to be getting used to the "new normal" of online selling options. The Melbourne auction market recorded a 88 percent auction clearance rate (based on REIV data), up from 71 percent last week. At the same time last year, the clearance rate was 76 per cent. This result is …
Continue Reading about Melbourne Weekend Auctions Results | 11 July 2020 →
The Melbourne auction market recorded a 72 percent auction clearance rate (based on REIV data), up from 66 percent last week. This result is based on 300 auctions reported across Melbourne. 157 homes were sold at auction, 58 before auction with 85 homes passed in (31 on a vendor bid). 22 homes were withdrawn from sale. The sales figures come as 10 hotspot suburbs across Melbourne were put …
Continue Reading about Melbourne Auction Results | 4th July 2020 →
Melbourne's auction market achieved a 56 percent clearance rate over the weekend, lower than last weekend's 65 percent. Despite this with the low volume of homes for sale, the market is considered strong. The total auctions was 143 while the confirmed results was 92. The number of properties sold was 5826 with 34 being passed in. Total sales amounted to more than $34,0,000 while the median …
Continue Reading about Melbourne Auction Results | 6th June 2020 →
Melbourne's auction market recorded a 65 percent clearance rate over the weekend. There were more listings compared to the previous weeks. The clearance rate was also the highest since February despite the lower volumes. The total auctions was 175 while the confirmed results was 110. The number of properties sold was 81 with 29 being passed in. Total sales amounted to more than $54,387,000 …
Continue Reading about Melbourne Auction Results | 30th May 2020 →
Melbourne recorded a 53 percent clearance rate over the weekend. The clearance rate was down from last weekend's 56 percent. The total auctions was 82 while the confirmed results was 39. The number of properties sold was 36 with 19 being passed in. Total sales amounted to more than $22,035,000 while the median price in the area was pegged at $775,000. Public auctions resumed on Saturday …
Continue Reading about Melbourne Auction Results | 16th May 2020 →
We are open and here to support you. As we all navigate this uncertain time, please rest assured that we are here to help with your property needs, whatever they may be. We remain your independent voice, to always support the best interests of you, our clients. Whether buying your first home, moving to your next or selling, we are here to make it easy for you. Just reach out …
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The Reserve Bank of Australia today decided to further reduce the current official cash interest rate by another 0.25 basis points. This makes the new 0.50 percent rate the new historic low after the last cut in October 2019. The rate has been kept on hold since its last point cut in October. The decision was also in support of the global coronavirus outbreak which has affected many economies …
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