Melbourne Auction Results | 7th July 2018

Melbourne’s auction clearance rate slipped further on Saturday to a low of 56 percent from the previous week’s 60 percent. The number of scheduled auctions followed the same trend at 526. The number of reported auctions was also down at 392 from last weekend’s 502 while the number of properties sold was 236. Total sales[…]

First Homebuyers in Melbourne Need 5 Years to Save for a Home Deposit

Buying a house in Melbourne is still a huge challenge for many young people. A new report shows that young Melburnians are more likely to take five years to save for a deposit to buy a home in the cheapest suburbs. The report released by the Domain Group looked into the entry-level prices of homes[…]

Buyer’s Agent Watsonia – Suburb Profile

Buying a property in Watsonia 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[…]

The New GST Withholding Regime Starts 1 July 2018

The new Federal legislation on the payment of GST in property developments took effect as at July 1st 2018. The legislation is aimed at preventing businesses in the property development area failing to remit the GST to the Australian Taxation Office (ATO) after a sale settles. WHY? New Federal legislation is designed to stop businesses[…]

Reserve Bank Retains Current Official Interest Rate of 1.50%

The Reserve Bank of Australia today left the current official cash interest rate unchanged at its historic low level of 1.5 percent. An earlier survey showed most respondents predicting the current rate to be kept on hold. In his monetary policy statement earlier, RBA Governor Philip Lowe noted that “global economic expansion is continuing, a[…]

Melbourne Auction Results | 30th June 2018

Melbourne’s auction clearance rate fell back to 60 percent on a cold Saturday from the previous week’s 62 percent. The number of scheduled auctions followed the same trend at 641 from the previous 821. Reports noted that the very cold weather caused a low attendance at some auctions. The number of reported auctions was also[…]

Buyer’s Agent Bulleen – Suburb Profile

Buying a property in Bulleen 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[…]

Top Things Buyers Look For In A Property

Homebuyers differ in the things they look for when buying a property. Some families prefer flat homes with a backyard while some prefer a two-level property. There are young couples who like to live near the beach with views of the water while the others opt for an apartment near the city center. The latest[…]

Melbourne Auction Results | 23rd June 2018

Melbourne’s auction market recorded a 62 percent low clearance rate on Saturday, an improvement from last weekend’s 59 percent. Th figure, however, is still low despite a high volume of scheduled auctions at 821. The number of reported auctions was at 668 while the number of properties sold slightly improved to 429 and 239 were[…]

Melbourne Auction Results | 16th June 2018

Melbourne’s auction market continues to experience a low clearance rate below the 60 percent level. It recorded a 59 percent clearance rate last Saturday, slightly higher than the 56 percent the previous week. This was despite the higher number of scheduled auctions at 852. The number of reported auctions was at 606 and the number[…]