Chamberlain Property Advocates | Your Melbourne Buyer & Sellers Advocate
Your Melbourne Buyer & Sellers Advocate
Market researcher Suburbtrends recently released their April Rental Pain Index report based on March 2024 data. It highlights the tough - and worsening - market conditions facing tenants today. From the shortage of available rental properties and escalating rents, Victorian tenants are in extreme pain. The Index showed 386 locations across Victoria where the rental pain index (based on …
Continue Reading about Tenants Have Reached The Limits Of Their Rental Pain Threshold →
Have you heard about Bondable? More than just a funky name, Bondable is an innovative new bond processing service designed to save thousands and streamline efficiencies in the tenant on-boarding and off-boarding processes. REIV President Jacob Caine recently announced REIV's support for the product created by Hutly and being trialled in Victoria over an 18 month period. The trial is also being …
Continue Reading about Bondable – A New Tool For Landlords, Agents and Tenants →
A new rental taskforce is being established by Victoria's Labor Government with the aim of cracking down on landlords and estate agents who are not complying with existing rental laws. Consumer Affairs Victoria (CAV) will incorporate the taskforce to be comprised of intelligence analysts, investigators and lawyers, while increasing their existing provisions for the reporting of potentially …
Continue Reading about New Taskforce Crackdown on Rental Non Compliance →
The March quarter saw property prices set a new record according to the PropTrack Home Price Index Report for March 2024. Nationally, home prices rose 0.34% in value, an increase of 6.79% on March 2023 levels. All capital cities except Hobart recorded an increase during March 2024. A combined increase of 0.40% saw prices reach a new peak of 7.64% above the March 2023 levels. Melbourne …
Continue Reading about Property Prices March Onwards And Upwards →
Most people find house auctions quite entertaining, unless they're having to bid! When you are moving from a position of mildly interested observer to emotionally invested bidder, you need to upskill yourself if you want to be the one who places the final bid. Experts suggest: Keen to delve further into auction bidding strategies? Click here to read more. Chat to us about …
Continue Reading about Tips And Tricks For Successful Auction Bidding →
New legislation known as the Help To Buy Bill 2023 was passed in the House of Representatives on the 28th February 2024. In a statement released by the Minister for Housing, The Hon Julie Collins MP said the Help to Buy Bill will bring home ownership back into reach for 40,000 Australian households. Under this new legislation designed to help address the housing crisis, the government …
In September 2023 Victoria's Labor Government released a package of policies designed to overcome the statewide housing shortage and housing affordability problems. This 'Housing Statement' is being implemented in conjunction with the Albanese Government's goal to build 1.2 million dwellings nationwide. Victoria has the ambitious target of building 800,000 new homes across Victoria by 2034. …
Continue Reading about The Latest On Victoria’s Housing Policies →
The Real Estate Institute of Victoria (REIV) has made a submission to the 2024-25 Victorian State Budget urging a comprehensive review of the state's property tax laws. The REIV hopes that reconfiguring the property tax regime will attract investors back to the Victorian property market. The submission outlines three key recommendations:1. That the Victorian Government consider new tax incentives …
Continue Reading about The REIV Urge Comprehensive Review of Property Tax Laws →
It's a fact: home buyers and investors in today's property market need help. There's a lot to get your head around when buying property in Victoria. This year already we've seen changes to planning development laws and property tax laws, and a continuing housing shortage which contributes to increased property prices and causes buyers to rethink their property goals. Keeping tabs on …
Are house prices going to keep rising? What about interest rates, will they fall this year? Should I buy now, or wait? If these are the questions keeping you up at night , don't worry - everyone else is wondering the same thing. The thing is, house and unit prices reached record levels across Australia last year so buyers like you may well be thinking it's best to wait until they drop. But …
Continue Reading about To Buy Or Not To Buy (Now) – That Is The Question →
