Melbourne Auction Results | 20th July 2019

Melbourne achieved strong results on Saturday with an auction clearance rate of 74 percent. So far, this is the strongest clearance rate since March 2018 and one of the main factors attributed to this is the renewed buyer confidence in the Melbourne housing market. There were a total of 361 scheduled auctions and 256 confirmed[…]

Melbourne Auction Results | 29th June 2019

Melbourne’s auction clearance rate improved further to 73 percent on Saturday despite the cold weather conditions. This rate above 70 percent was achieved for the first time since September 2017 and the strongest clearance rate since March 2018. Real estate agents confirmed this signals a renewed buyer confidence in the Melbourne housing market. There were[…]

Buyer’s Agent Sunshine West – Suburb Profile

Buying a property in Sunshine West 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[…]

Melbourne Auction Results | 15th June 2019

Melbourne’s auction clearance rate improved to 65 percent on Saturday from the previous weekend’s 60 percent. After a slow Queen’s birthday long weekend, more listings were noted. CoreLogic’s auction analyst Kevin Brogan cited the interest rate cut along with the retention of negative gearing and capital gains tax concessions for investors contributed to the positive[…]

Melbourne Auction Results | 8th June 2019

Melbourne’s auction market recorded a clearance rate of 60 percent over the weekend. Many first homebuyers felt being left out as more investors and international buyers took part in the auctions. The number of scheduled auctions was still low at 173 while the number of reported auctions was 125. The number of properties sold was[…]

Government announces First Home Buyer Deposit Scheme

As many first home buyers struggle trying to get into the housing market, a new government scheme has been announced in the hopes of helping them take the first step on the property ladder. The First Home Loan Deposit Scheme will lower the required home deposit from the current 20%, to just 5%.  A government[…]

APRA announces proposal to scrap inflated interest rate assessment for home borrowers

With many confident the RBA will be cutting interest rates at the upcoming June meeting, Australia’s banking regulator APRA (Australian Prudential Regulation Authority) has announced a proposal to scrap a rule requiring mortgage customers’ lending capacity to be assessed at an inflated interest rate. Introduced in 2014 as a measure to contain rising house prices[…]

Melbourne Auction Results | 18th May 2019

Melbourne’s auction market recorded an improved clearance rate of 63 percent on Saturday, up from the previous weekend’s 57 percent. Multimillion-dollar sales were noted in several capital cities over the weekend including Melbourne, Sydney and Brisbane. The number of scheduled auctions was down to 389 from 489 from while the number of reported auctions was[…]

Buyer’s Agent Kensington – Suburb Profile

Buying a property in Kensington 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[…]

Melbourne Auction Results | 11th May 2019

Melbourne’s auction market recorded a 57 percent clearance rate on Saturday, down from 61 percent the previous weekend. The number of scheduled auctions also dropped to 489 from while the number of reported auctions was 326. The number of properties sold was down to 190 with total sales amounting to more than $130,424,000. The median[…]