Caring for a pet is a popular lifestyle choice for many Australians - and that includes those who rent a property. However, when you're the owner of a rental property, its understandable to feel a bit anxious about the impact pets might have on your investment. In this article, I'll outline some of the most effective ways to ensure your property is 'pet proofed'. To begin with, it's important …
Building a more sustainable home – where should you start?
Building or renovating a property has always involved a lot of decision-making. Aesthetics, functionality, and return on investment have traditionally been key considerations for anyone planning to build or upgrade their home. However, factoring sustainability into building design is a more recent trend - and it's important to know where to start. A good way of thinking about …
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Melbourne Weekend Auction Results | 7th August 2021
The week ending 7th August delivered a clearance rate of 90% from 391 auctions reported for the period (based on REIV data). At the same time last year, 179 auctions were reported and a clearance rate of 90% achieved. 265 homes sold at auction and 88n sold before auction, with 38 passed in. 116 properties were withdrawn from sale and another 699 auctions were postponed. The unexpected, …
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Restrictions are back for real estate as Melbourne enters it’s sixth lockdown
After one week of eased restrictions, Melbourne residents are facing another lockdown going into this weekend. This means that the restrictions which applied to real estate services in our fifth lockdown have been reimposed. This will no doubt have an impact on the plans of buyers and sellers over the next 7 days - and particularly this weekend. Two of the most wide-reaching restrictions for …
Melbourne Weekend Auction Results | 31st July 2021
The week ending 31st July delivered a clearance rate of 88% from the 426 auctions reported across Victoria. (Based on REIV data). At the same time last year, 213 auctions were reported and a clearance rate of 77% was achieved. 276 homes sold at auction and 101 sold before auction, with 49 passed in. 18 properties were withdrawn from sale. 594 auctions were postponed. One particular …
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Live auctions and property inspections return as Victoria eases restrictions
This morning Premier Daniel Andrews announced that restrictions will ease across Victoria at 11:59PM tonight. This is incredibly welcome news for Melbourne's real estate sector, which has been unable to conduct live auctions or property inspections for two weekends in a row. The latest table of restrictions for the State includes the following rules for real estate services: auctions are …
The resilience of Australia’s housing market since the arrival of the pandemic
The effects of the pandemic on Australia's housing market has been relatively benign, as outlined in a report released this month by CoreLogic. Focusing particularly on Sydney and Melbourne, our two largest real estate markets, the report reveals that we've weathered the pandemic exceedingly well. Key factors that have underpinned this success include: CoreLogic's research shows that …
Melbourne Weekend Auction Results | 17th July 2021
The week ending 17th July delivered a clearance rate of 92% at auctions across Victoria, according to REIV data. There were 522 auctions reported for the period, a substantial decrease on the 960 reported for the previous week. At the same time last year, there were 251 auctions reported with a clearance rate of 80%. 315 homes sold at auctions and 163 sold before auction, with 43 passed …
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New restrictions for real estate as Melbourne enters it’s fifth lockdown
Melburnians may well feel as though their head is spinning with the reintroduction of stage 4 restrictions yesterday. After all, it's been a mere 7 weeks since the previous snap lockdown. However, having recently emerged Victori-ous from a lockdown involving the Delta variant, we should be confident that we will do the same this time around. Certainly, anyone seeking to buy or sell property …
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Melbourne Weekend Auction Results | 29th May 2021
Victoria's lockdown, which came into effect last Thursday at 11:59PM, brought significant disruption to the real estate sector, particularly given the abruptness of the announcement. Nevertheless, the auction clearance rate for the week ending 29th May was 93% according to REIV data. Prior to the lockdown announcement, last weekend was forecast to be "Melbourne's second-biggest …
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