As the saying goes, timing is everything. Over the years, people have approached me about creating a program that was accessible to anyone looking to buy a property. Not restricted by location or where you may be in the world. Well I'm proud to announce, the wait is over. 15 years in the making and bundling up my close to three decades of knowledge in the real estate …
Melbourne Weekend Auction Results | 20th February 2021
The week ending 20th February was bolstered by Melbourne's first Super Saturday of 2021, with the REIV recording an auction clearance rate of 86%. At the same time last year, the clearance rate was 80%. This result is based on 823 auctions reported across Melbourne. 554 homes were sold at auction and 151 sold before auction, with 118 passed in. 29 properties were withdrawn from …
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Melbourne Weekend Auction Results | 13th February 2021
Despite the disruption caused by last Friday's snap lockdown announcement, the week ending 13th February recorded a high number of sales at auction in Melbourne. The clearance rate reported by the REIV is 95%*. At the same time last year, the clearance rate was 79%. This result is based on 292 auctions reported across Melbourne. 159 homes were sold at auction and 118 sold before …
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Melbourne Weekend Auction Results | 6th February 2021
The week ending 6th February delivered strong results for auctions across Melbourne, with an 82% clearance rate (based on REIV data). At the same time last year, the clearance rate was 76%. This result is based on 430 auctions reported across Melbourne. Of those 430 auctions, 263 were sold at auction and 89 sold before auction, with 78 homes passed in. 6 homes were withdrawn from …
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RBA keeps interest rate on hold at 0.1%
The RBA has decided to maintain the official interest rate at the record low of 0.1%. The RBA Governor Stephen Lowe's latest media release emphasises that "financial conditions remain highly accommodative, with lending rates for most borrowers at record lows and asset prices, including housing prices, mostly increasing". Furthermore, the RBA forecasts that Australia's recovery …
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Melbourne Weekend Auction Results | 30th January 2021
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 …
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Reserve Bank drops interest rate to 0.1 Percent
The Reserve Bank of Australia has cut the official cash interest rate to a record low of 0.1 percent. RBA Governor Philip Lowe said the move will help quicken the pace of economic recovery and noted "the Board is prepared to do more if necessary". "With Australia facing a period of high unemployment, the Reserve Bank is committed to doing what it can to support the creation of …
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Reserve Bank leaves official cash rate on hold at 0.25 Percent
The Reserve Bank of Australia has retained the official cash interest rate at its lowest level of 0.25 percent. RBA Governor Philip Lowe noted "As difficult as this is, the downturn is not as severe as earlier expected and a recovery is now under way in most of Australia". Although under employment and unemployment remain high, Dr Lowe said employment had increased in June and …
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Melbourne Weekend Auctions Results | 18 July 2020
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 …
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Melbourne Weekend Auctions Results | 11 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 …
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