Changes to school zones in 2022 are set to bring substantial increases to the value of homes that are suddenly cast into sought-after zones. While most school zones will remain unchanged, a number of them will be realigned to accommodate the "14 new schools and campuses opening next year, as well as changes in enrolment demand". These new schools are part of the State government's 100 New …
Melbourne Weekend Auction Results | 15th August 2021
The week ending 15th August delivered a clearance rate of 95% from the 374 auctions reported for the period (based on REIV data). At the same time last year, 107 auctions were reported and an 89% clearance rate achieved. 213 homes sold at auction and 142 sold before auction, with 19 passed in. 205 properties were withdrawn from sale and another 478 auctions were postponed. As we outlined …
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Melbourne Weekend Auction Results | 27th February 2021
The week ending 27th February again saw homebuyers out in force, with the REIV recording an 84% clearance. This time last year the clearance rate was 78%. This result is based on 882 auctions reported across Melbourne. 558 homes were sold at auction and 185 were sold before auction, with 139 passed in. 15 properties were withdrawn from sale. The level of buyer activity across …
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Australia’s strengthening dollar could affect fixed-rate mortgage repayments sooner than expected
In the RBA's first monetary policy announcement for 2021, it was predicted that the conditions for a rise in the interest rate wouldn't "be met until 2024 at the earliest". This statement gave many potential homebuyers added confidence about how much they could afford in terms of mortgage repayments. However, as pointed out by ANZ's Head of Australian Economics David Plank in this …
Buyer’s Agent Brunswick West – Suburb Profile (updated February 2021)
Buying a property in Brunswick West can be a daunting and difficult process. For many of us, buying property is something we only do a few times in our lives. A buyers advocate (also known as a buyers agent or property finder) can be an enormous help when buying a home or investment property by: removing the stress and frustration of buying a home saving you time and allowing you to get your …
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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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First home buyers need to know the risks when buying a property
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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It’s an honour to be listed by PropTech Newsletter as one of the 100 most influential people in real estate
Earlier this week, I was listed along with 99 other experts in PropTech Newsletter's The 100 Most Influential People in Real Estate. It was a wonderful surprise and it's an honour to be placed in the company of those who made this list. I've been in the real estate industry for over 25 years now and it's my core passion. Along the way, I've learned a lot about online marketing and have …
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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