For the week ending the 6th August 2023, a total of 528 properties were scheduled to go under the hammer in Victoria. There were 302 homes sold at auction this week, with 133 homes passed in, and 92 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 75%. If you have already found a property you are interested …
Underquoting – Why Do Agents Do It?
Underquoting. All buyers hate it, so why does it happen? Underquoting has been around a long time. Real estate agents are legally required to provide a price guide for all properties listed for sale. They calculate the price guide based on past sales of similar properties within a specified radius. So, working within the legal parameters agents will use available housing data to create a …
Continue Reading about Underquoting – Why Do Agents Do It? →
We Love Our Happy Clients – Roslyn and Paul
We love hearing what our happy clients have to say about their experience with Chamberlain Property Advocates. We helped Roslyn and Paul sell their property. Here is what they had to say: "We’ve been working with Wendy to sell our house. It’s been a pleasure working with Wendy. She’s helpful, negotiating with the new purchasers has made life a dream for us. Wendy’s been supporting us …
Continue Reading about We Love Our Happy Clients – Roslyn and Paul →
RBA Leaves Interest Rates On Hold
Mortgage holders breathed a sigh of relief today as the RBA announced its decision to leave interest rates on hold for what is only the second consecutive month since May 2022. Providing welcome respite from the past year's relentless interest rate rises, the Reserve Bank Governor Philip Lowe said the decision gives the Board time to assess the state of the economy as inflation begins to …
Melbourne Weekend Auction Results
For the week ending the 30 July 2023, a total of 554 properties were scheduled to go under the hammer in Victoria. There were 305 homes sold at auction this week, with 137 homes passed in, and 112 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 75%. If you have already found a property you are interested in …
NAB’s Bold Price Rise Predictions
The NAB Residential Property Index rose sharply in Q2 2023, with NAB economists predicting property price rises of 4.7% this year and 5% to the end of 2024. Based on an expectation that the RBA will lift rates to 4.6% by September and then leave rates on hold until 2024, NAB suggests 9.7% total property price growth is possible over the next 18 month period with slowed interest rate rises …
We Love Our Happy Clients – Peter and Reka
We love hearing what our happy clients have to say about their experience with Chamberlain Property Advocates. We helped Peter and Reka buy their first property. Here is what they had to say: "It was fantastic! Thanks to Wendy for helping us buy this home. It was very helpful, especially the last few hours when we found out that we actually could buy this house. Everything …
Continue Reading about We Love Our Happy Clients – Peter and Reka →
Melbourne Weekend Auction Results
For the week ending the 23 July 2023, a total of 449 properties were scheduled to go under the hammer in Victoria. There were 249 homes sold at auction this week, with 117 homes passed in, and 83 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 74%. If you have already found a property you are interested in …
Temperatures Are Down But Melbourne Property Prices Are Hot!
June was a hot quarter for many Melbourne suburbs, according to the Real Estate Institute of Victoria's high performer's list. While there was plenty of news around the significant surge in unit prices, there was also good growth shown in median house prices across many areas of Melbourne. Metropolitan unit values rose 3.2% and houses recorded a 1.1% decrease. But some areas saw median unit …
Continue Reading about Temperatures Are Down But Melbourne Property Prices Are Hot! →
We Love Our Happy Clients – Sara
We love hearing what our happy clients have to say about their experience with Chamberlain Property Advocates. We helped Sara sell her property. Here is what she had to say: "As a first time property seller, the best decision I made was to reach out to Wendy. She and her team were fantastic, worked in total collaboration with the real estate agent, and their communication was …
