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Melbourne's auction clearance rate further dropped on Saturday to a low of 54 percent from last weekend's 58 percent. This was despite a higher number of scheduled auctions 771 compared to the previous week's 642. The number of reported auctions was also up at 590 while the number of properties sold was 329. Total sales recorded was more than $227,102,000 while the median price in the area was …
Continue Reading about Melbourne Auction Results | 18th August 2018 →
The proposed changes in Victoria's rental laws are now being tackled in Parliament. The Andrews government released details of the amendments last week and several provisions are expected to go unopposed. Some provisions that are sure to be approved include the one protecting tenants experiencing domestic violence and the clampdown on rental bidding. Once passed, the new rules will allow …
Continue Reading about What Are The Proposed Changes Included In The New Victorian Rental Laws? →
Already using Social Media? Follow ChamberlainAdvocates.com.au for the latest about tips and tricks when it comes to buying a home and hiring a buyers advocate. Today marked two years since the Reserve Bank of Australia has moved interest rates and its record-breaking run of inactivity is not predicted to end anytime soon. The RBA earlier left the interest rate unchanged at its historic low …
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Melbourne's auction market remains to be slow performing with a clearance rate below 60 percent. Over the rainy and windy weekend, it recorded a 58 percent clearance rate. The number of scheduled auctions was 642. The number of reported auctions was 492 while the number of properties sold was 296. Total sales recorded was more than $217,951,000 while the median price in the area was pegged at …
Continue Reading about Melbourne Auction Results | 11th August 2018 →
In real estate, negative gearing is when the cost of buying and maintaining an investment property is higher than the income you gain from it. With this loss, it is then possible to offset the income you earn thereby allowing you to pay less tax on the property. For a rental property, for example, negative gearing occurs if the rental income is less than the interest on your loan and the …
Melbourne's auction market slightly improved over the weekend recording a clearance rate 58 percent. The number of scheduled auctions 687. The number of reported auctions was 507 while the number of properties sold was 320. Total sales recorded was $223,223,000 while the median price in the area was pegged at $766,000. Properties that performed the strongest over the weekend were the …
Continue Reading about Melbourne Auction Results | 28th July 2018 →
Buying a property in Fairfield can be a daunting and difficult process. For many of us, it is something we only do a few times in our lives. A buyers advocate (also known as a buyers agent or property finder) can be an enormous help to make it easy to buy a home or investment property by: removing the stress and frustration of buying a home saving you time and allowing you to get your …
Continue Reading about Buyer’s Agent Fairfield – Suburb Profile →
In real estate investing, a piece of property can either be positively geared or negatively geared. It is, therefore, best to understand what this means before making your investment strategy. Positive gearing means the income one gains from his or her investment is higher than the interest and other expenses involved. There’s positive cash flow and in this situation, a homeowner can be assured …
Buying a property in Heidelberg can be a daunting and difficult process. For many of us, it is something we only do a few times in our lives. A buyers advocate (also known as a buyers agent or property finder) can be an enormous help to make it easy to buy a home or investment property by: removing the stress and frustration of buying a home saving you time and allowing you to get your …
Continue Reading about Buyer’s Agent Heidelberg – Suburb Profile →
Melbourne's auction market was steady over the weekend achieving a clearance rate 56 percent, similar from the previous week. The number of scheduled auctions was down to 484 from 526. The number of reported auctions was also down at 377 while the number of properties sold was 220. Total sales recorded was $149,977,000 while the median price in the area was pegged at $709,000. The Domain …
Continue Reading about Melbourne Auction Results | 14th July 2018 →
