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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How Victoria’s 7-day snap lockdown will affect the real estate sector
As announced by Victoria's Acting Premier James Merlino this morning, the state will commence a 7-day lockdown at midnight tonight. With auctions and property inspections scheduled across Victoria, this news will undoubtedly have a significant impact on the real estate sector. The updated COVID-19 restrictions give Victorians only 5 reasons to leave the home. Understandably, on-site …
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Buyers seeking to get a foothold in the property market need to be wary of bypassing expert assistance
. In the context of Australia's booming 2021 property market, it wasn't surprising to read this article by Yara Murray-Atfield on ABC News this morning, which explains how a Melbourne couple turned to social media out of frustration with the competition among home buyers. While these particular buyers eventually bought a property through a real estate agent, they admit to remaining in favour …
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 …
