For the week ending the 28th May, a total of 874 houses were scheduled to go under the hammer in Victoria. There were 603 homes sold at auction this week, with 271 homes passed in and 187 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 69%. If you have already found a property you are interested in and would like a …
Melbourne Weekend Auction Results
For the week ending the 21st May, a total of 432 houses were scheduled to go under the hammer in Victoria. There were 210 homes sold at auction this week, with 131 homes passed in and 93 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 70%. If you have already found a property you are interested in and would like a …
Melbourne Weekend Auction Results
For the week ending the 14th May, a total of 802 houses were scheduled to go under the hammer in Victoria. There were 444 homes sold at auction this week, with 233 homes passed in and 125 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 71%. If you have already found a property you are interested in and would like a …
Melbourne Weekend Auction Results
For the week ending the 7th May, a total of 574 houses were scheduled to go under the hammer in Victoria. There were 314 homes sold at auction this week, with 157 homes passed in and 101 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 73%. If you have already found a property you are interested in and would like a …
Melbourne Weekend Auction Results
For the week ending the 30th April, a total of 770 houses were scheduled to go under the hammer. There were 561 homes sold at auction this week, with 209 homes passed in and 145 homes that sold prior to auction. According to data from the Real Estate Institute of Victoria, there was a clearance rate of 73%. Melbourne’s coastal suburbs and regional towns are dominating the top spots for house …
Trying to get into the market – what suits you right now?
In a recent article in news.com.au, Wendy Chamberlain, Buyer's Advocate with Chamberlain Property Advocates comments on ways people are getting into the property market. Wendy suggests that for some people, their dream suburb may be just out of reach, but there are other ways to reach a compromise. "Some buyers are better off being in the market, albeit not in their ‘forever home’, and then …
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Victorians increasingly seeking homes with a “secondary living space”
Since the onset of lockdowns across Victoria almost 18 months ago, there's been a surge in demand for secondary living space, particularly within Melbourne's housing market. Christina Karras from Herald Sun has highlighted "a massive 450 per cent spike in shed sales across Australia in the past 12 months, and a 50 per cent increase in Melbourne during the latest snap lockdown alone". On top of …
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A vote on the federal government’s bill to change responsible lending laws could arrive as soon as this week
The federal government's bill to wind back responsible lending laws received strong endorsement from the Senate last week when the Economics Legislation Committee tabled its report recommending that the bill be passed. Echoing the Morrison government's rationale for introducing the bill, the official view of the committee includes a statement describing the "current credit protection framework …
