Chamberlain Property Advocates
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When it's cold and rainy outside, Saturdays are better spent indoors - snuggled on the couch with a steamy latte and the footy on TV, right? Wrong! In fact, studies show that cold, wet, wintery days are the ideal time for serious house buyers to find their perfect home at a good price. See why you should get off the couch, pop on your beanie and head out to a few open inspections …
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The Victorian Government has proposed changes to rental standards which could negatively impact the rental market even further, with significant costs potentially in store for landlords. In a media statement released by the Real Estate Institute of Victoria, proposed changes outlined by the government include introducing minimum standards for energy efficiency and safety in rental …
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When the property market is experiencing low stock and demand is high, auction numbers ramp up as strong competition helps vendors to get the best result. But many buyers dislike auction - the crowds, the frenetic pace, the uncertainty and the pressure. If that's you, these tips shared by real estate experts with The New Daily will guide you towards being a confident and successful …
As the 2023/2024 financial year closed, we saw plenty of movement in the real estate market throughout the previous 12 months. Across the nation home prices rose by 5.9% during the 2023/2024 FY according to a report by realestate.com.au, due to high demand and low stock in most capital cities. Melbourne saw 0.8% price growth during the period, with 3% to 6% growth forecast for the …
Many believe that interest rates and house prices have made buying a first home unachievable in most Australian cities - without help from the Bank of Mum and Dad at least. But if you know where to look and what to buy - and you're prepared to compromise a little - it can be done. A recent report by LJ Hooker identified Melton in Melbourne's west as an affordable option for first home buyers, …
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With talk of a recession looming, it isn't surprising that the early warning signs of financial stress are being seen in surging mortgage hardship claims and quick home resales, as reported recently by the ABC. Data from CoreLogic shows a recent increase in homes reselling within a three year period, which many are attributing to mortgage stress. That theory is supported by a recent …
The amended Vacant Residential Land Tax comes into effect on the 1st January 2025. If your property has been vacant during 2024 for more than six months, you could be hit with a VRLT in 2025. Currently, the VRLT applies to vacant homes in Melbourne's inner and middle suburbs, but from January 1st 2025 it will apply across the state, to all Victorian properties. There are some residential …
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Everyone says spring is the best time of year to sell property. But is it? In fact, every season brings pros and cons to selling a home. Spring sees flourishing weeds and windy days, but no temperature extremes. Summer days can be scorching, but homes with pools look extra cool and inviting. Autumn is picturesque but leaves can clog gutters and cover driveways. And winter... well it might …
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The recent release of the Allan Government's first budget sees a missed opportunity to attract investors back into Victoria's struggling property sector. With housing supply and affordability issues at a crisis point and a disincentivising property tax regime sending investors away in droves, Victoria needed the 2024-25 State Budget to step up and encourage property investment. While …
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Chances are you've not heard about build-to-rent projects, which isn't surprising. While build-to-rent occurs quite significantly in foreign housing marketing such as the United States where it accounts for about 12% of the housing market and the UK where it is about 5%, in Australia BTR's account for just 0.2% according to a recent report by Domain. This means, of the 2.5 million rental …
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