For the week ending the 11th February 2024, a total of 430 properties were scheduled to go under the hammer in Victoria. There were 259 homes sold at auction this week, with 85 homes passed in, 84 homes sold prior to auction and 2 homes sold after auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 80%. If you have already found a property …
GSIP – The Program Designed To Help You Buy With Confidence
Remember when you bought your first car? Did it turn out to be a good buy or a costly lemon? Your answer is most likely because you did your research on reliability, fuel consumption, past maintenance and mileage... or you simply bought it because it looked cool and was a great colour! When you buy a home or invest in property, a "lemon" can be a very costly mistake - and something we would …
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We Love Our Happy Clients – Cameron and Amanda
We love hearing what our happy clients have to say about their experience with Chamberlain Property Advocates. We helped Cameron and Amanda buy a home. Here is what they had to say: "We loved working with Wendy. Could not have found a perfect home without her. We really struggled trying to, not only to identify homes that fit our budget and style, but trying to understand a market that …
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2024 Kicks Off With A Cash Rate Hold
Mortgage holders welcomed today's decision from the Reserve Bank of Australia to hold the cash rate at 4.35 per cent after their first meeting of the year. Although CPI rose by 0.6 per cent in the December 2023 quarter, annual inflation fell from 7.8% in December 2022 to 4.1% in December 2023, reaching a two-year low. While some experts suggest that rates may stay on hold for a few more …
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Melbourne Weekend Auction Results
For the week ending the 4th February 2024, a total of 797 properties were scheduled to go under the hammer in Victoria. There were 499 homes sold at auction this week, with 139 homes passed in, 136 homes sold prior to auction and 23 homes sold after auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 83%. If you have already found a …
Hot Prospects For Seaside Buying In 2024
Moving on from the fun-in-the-sun month of January and settling into February's work and school routine can be difficult. If you had a relaxing January holiday you might have spent it in short term accommodation at the beach - lapping up the sun, surf and sand with a good book and a cool drink in hand. And if the start of 2024 has you thinking about your property goals, you might be pondering …
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We Love Our Happy Clients – Sumaiya and Mudasser
We love hearing what our happy clients have to say about their experience with Chamberlain Property Advocates. We helped interstate buyers Sumaiya and Mudasser buy a home. Here is what Mudasser had to say: "We were from interstate. It was a bit difficult coming down and looking at different properties, so we worked with a buyer's advocate. She (Wendy) found the right properties and the …
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Rezoning Proposed To Facilitate High Rise Development
Concern regarding the consultation process surrounds the Allan government's proposal to rezone suburbs on the eastern Suburban Railway Loop in order to facilitate the development of high density housing. Proposals to develop multi-storey accommodation precincts in established eastern suburbs with railway stations have critics worried, with suggestions that new planning development laws mean …
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We Love Our Happy Clients – Emily And Gerald
We love hearing what our happy clients have to say about their experience with Chamberlain Property Advocates. We helped Emily and Gerald buy their home. Here is what they had to say: "We are feeling relieved and excited and ready for 2024. We didn't end up going to any auctions, but I know that Wendy would have been able to do that for us as well. Which was something that we were …
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More Changes to Victorian Property Taxes
In an attempt to make the property sale process more transparent for buyers, amendments to the Victorian Government's Sale of Land Act 1962 came into effect on the 1st January, 2024. The changes affect the way vendors and purchasers currently share the cost of land tax and windfall gains tax. Presently, the contract of sale can apportion the vendor's land tax or windfall gains tax costs …
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