Melbourne achieved an auction clearance rate of 70 percent on Saturday, still considered a strong result. A strong buyer confidence was noted as the spring selling season starts amid the cold weather. It was the fourth consecutive week that Melbourne recorded a clearance rate of 70 percent or above. More house listings were recorded over[…]
As predicted the Reserve Bank of Australia has maintained it’s record low interest rate of 1%, with no change at this month’s board meeting. The pause in cutting will allow time for RBA governor Philip Lowe time to see how the previous cuts will impact the economy. “It is reasonable to expect that an extended[…]
Real Estate. It’s a funny business. You have at your disposal experts you can call on to help you on the journey and save you money. We’re talking big money, not small change you can find down the back of your couch. Yet it is probably still one of the few industries where people feel[…]
Buying a property in Parkville 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 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[…]
A few weeks on from the federal election and with an interest rate cut thrown in for good measure, it seems that there is some confidence returning to the Melbourne real estate market. Agents I’ve been speaking to have said that they’re seeing more hands going up at auction, with clearance rates lifting and some[…]
The RBA has just announced it’s second rate cut in a row, bringing the cash rate down to a historic low of 1 per cent. Last month RBA governor Philip Lowe hinted at another rate cut, commented that it was “unrealistic to expect that lowering interest rates by quarter of a percentage point will materially[…]
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[…]
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’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[…]