There are currently some major infrastructure projects in the pipeline for Victoria. Exciting times! The Suburban Rail Loop will incorporate 90 kilometres of railway line and a number of new train stations. It will mean significant changes in relation to commuting times and accessibility to Greater Melbourne and to Melbourne Airport (finally!). Read about this project here. The other …
Is your property not selling as soon as you expected?
With the current level of demand for real estate in major cities across Australia, it might seem like any structure with four walls and a door will sell the moment you put a "For Sale" sign out the front. However, there are always properties that struggle to find a suitable buyer within the seller's expected timeframe. Identifying why your home isn't selling involves a few enquiries, but when …
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Considering selling your home privately? What are the pros and cons?
While many properties are sold at auction, a large number are also sold by private sale. Choosing to sell your home privately has its advantages and disadvantages. We'll take a look at some of the pros and cons below. I wrote this article, which was published on Realestate.com.au in 2019, to explain the pros and cons of private sales. The points I raised in that article still hold true today. …
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Melbourne Auction Results | 4th July 2020
The Melbourne auction market recorded a 72 percent auction clearance rate (based on REIV data), up from 66 percent last week. This result is based on 300 auctions reported across Melbourne. 157 homes were sold at auction, 58 before auction with 85 homes passed in (31 on a vendor bid). 22 homes were withdrawn from sale. The sales figures come as 10 hotspot suburbs across Melbourne were put …
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We are open and here to support you
We are open and here to support you. As we all navigate this uncertain time, please rest assured that we are here to help with your property needs, whatever they may be. We remain your independent voice, to always support the best interests of you, our clients. Whether buying your first home, moving to your next or selling, we are here to make it easy for you. Just reach out …
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RBA Cuts Official Interest Rate to 0.50%
The Reserve Bank of Australia today decided to further reduce the current official cash interest rate by another 0.25 basis points. This makes the new 0.50 percent rate the new historic low after the last cut in October 2019. The rate has been kept on hold since its last point cut in October. The decision was also in support of the global coronavirus outbreak which has affected many economies …
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RBA Keeps Current Official Interest Rate
The Reserve Bank of Australia today left the current official cash interest rate unchanged at its historic low level of 0.75 percent. The rate has been kept on hold since its last point cut in October. The decision was also expected by analysts or traders although they are anticipating another cut soon by March or April. In his monetary policy statement earlier, RBA Governor Philip Lowe noted …
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RBA holds rates at 0.75% in December
The Reserve Bank has held interest rates at the record low level of 0.75% this month. Thanks to the expected increase in consumer spending over Christmas and the New Year, the RBA decided to make no change to interest rates in December. Reserve Bank Governor Philip Lowe said "Given these effects of lower interest rates and the long and variable lags in the transmission of monetary policy, …
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RBA rates hold at 0.75%
The Reserve Bank today decided to hold interest rates at the historic low of 0.75%. The decision to hold interest rates after the October cut was largely expected given a minimal improvement in unemployment and a minor uptick in inflation. RBA governor Philip Lowe said "The low level of interest rates, recent tax cuts, ongoing spending on infrastructure, the upswing in housing prices in some …
Bidding at auction? Don’t make these mistakes.
By now I'm sure you've started to hear the media reporting that house prices are on the rise. For the past quarter, Melbourne house prices jumped 4.1 per cent, with houses regaining almost half of the price falls that occurred during the recent downturn. For those of us immersed in all things real estate, out and about week in week out (and weekends!), we've seen the Melbourne market turning …
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