Melbourne Auction Results | 1st September 2018

Melbourne’s auction clearance rate improved on Saturday at 59 percent compared to last weekend’s 58 percent. This was a big improvement from the low 54 percent in the past two weeks. The number of scheduled auctions was 725 compared to the previous week’s 791. The number of reported auctions over the weekend was 553 while[…]

More Melburnians Experiencing Rental Stress

Owning a home in Australia has remained a dream for many. The reason why renting has become a popular option. Unfortunately, renting has also become unaffordable these days to many Australians. Latest research showed that renters particularly those in the inner suburbs of Melbourne, Sydney and Brisbane are spending more than 30 percent of their[…]

Melbourne Auction Results | 25th August 2018

Melbourne’s auction market slightly improved on Saturday achieving a clearance rate of 58 percent compared to last weekend’s low of 54 percent. The number of scheduled auctions was 791 compared to the previous week’s 771. The number of reported auctions was also up at 602 while the number of properties sold was 359. Total sales[…]

Melbourne Auction Results | 18th August 2018

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[…]

What Are The Proposed Changes Included In The New Victorian Rental Laws?

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,[…]

Reserve Bank Retains Current Official Interest Rate of 1.50%

Already using Social Media? Follow WendyChamberlain.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[…]

Melbourne Auction Results | 11th August 2018

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[…]

Buyer’s Agent Coburg – Suburb Profile

Buying a property in Coburg 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[…]

What is Negative Gearing?

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[…]

Melbourne Auction Results | 28th July 2018

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[…]