Real Estate. It's a funny business. You have at your disposal experts you can call on to help you on the journey and save you money. We're talking big money, not small change you can find down the back of your couch. Yet it is probably still one of the few industries where people feel they can have a crack at it themselves (or call on Uncle Bob) and do a better job. If your toilet backs up, are …
Buyer’s Agent Parkville – Suburb Profile
Buying a property in Parkville can be a daunting and difficult process. For many of us, it 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 to make it easy to buy 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 Auction Results | 20th July 2019
Melbourne achieved strong results on Saturday with an auction clearance rate of 74 percent. So far, this is the strongest clearance rate since March 2018 and one of the main factors attributed to this is the renewed buyer confidence in the Melbourne housing market. There were a total of 361 scheduled auctions and 256 confirmed results. The number of properties sold was 194 with 62 being passed …
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Are buyers back?
A few weeks on from the federal election and with an interest rate cut thrown in for good measure, it seems that there is some confidence returning to the Melbourne real estate market. Agents I've been speaking to have said that they're seeing more hands going up at auction, with clearance rates lifting and some properties performing well. It's still a case by case basis, regarding which suburb …
Rate cut brings interest rates to a new low
The RBA has just announced it's second rate cut in a row, bringing the cash rate down to a historic low of 1 per cent. Last month RBA governor Philip Lowe hinted at another rate cut, commented that it was "unrealistic to expect that lowering interest rates by quarter of a percentage point will materially shift the path we look to be on". Indicating that a further cut was required in order to …
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Melbourne Auction Results | 29th June 2019
Melbourne's auction clearance rate improved further to 73 percent on Saturday despite the cold weather conditions. This rate above 70 percent was achieved for the first time since September 2017 and the strongest clearance rate since March 2018. Real estate agents confirmed this signals a renewed buyer confidence in the Melbourne housing market. There were a total of 465 scheduled auctions and …
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Buyer’s Agent Sunshine West – Suburb Profile
Buying a property in Sunshine West can be a daunting and difficult process. For many of us, it 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 to make it easy to buy 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 Auction Results | 15th June 2019
Melbourne's auction clearance rate improved to 65 percent on Saturday from the previous weekend's 60 percent. After a slow Queen's birthday long weekend, more listings were noted. CoreLogic's auction analyst Kevin Brogan cited the interest rate cut along with the retention of negative gearing and capital gains tax concessions for investors contributed to the positive condition over the weekend. …
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Melbourne Auction Results | 8th June 2019
Melbourne's auction market recorded a clearance rate of 60 percent over the weekend. Many first homebuyers felt being left out as more investors and international buyers took part in the auctions. The number of scheduled auctions was still low at 173 while the number of reported auctions was 125. The number of properties sold was 82 with total sales amounting to more than $45,660,000. The …
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Government announces First Home Buyer Deposit Scheme
As many first home buyers struggle trying to get into the housing market, a new government scheme has been announced in the hopes of helping them take the first step on the property ladder. The First Home Loan Deposit Scheme will lower the required home deposit from the current 20%, to just 5%. A government guarantee will fund the difference of 15%. This government initiative will kick off …
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