Relisting for sale: Vendors change their approach as Melbourne house prices drop

As the Melbourne housing market weakens some home owners are dropping their asking prices or making minor updates in preparation to relisting properties that had previously failed to sell. Wendy Chamberlain has spoken to The Sunday Age regarding this topic. “I’ve been seeing this for the past 12 to 18 months where an agent will[…]

Melbourne Auction Results | 16th March 2019

Melbourne recorded a 56 percent auction clearance rate over the weekend. The number of scheduled auctions on Saturday was 744 while the number of reported auctions was 549. Many of the properties sold were transacted after being passed in. The number of properties sold was 322 with total sales amounting to more than $192,834,000. The[…]

Buyer’s Agent St Kilda – Suburb Profile

Buying a property in St Kilda 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[…]

The reserve bank of Australia decides to keep rates on hold

RBA rates on hold for 29th consecutive month

The Royal Bank of Australia yesterday announced that interest rates will remain at 1.5 per cent, where it has sat ever since August 2016.   RBA governor Philip Lowe said the low interest rate would continue to support the economy: “Further progress in reducing unemployment and having inflation return to target is expected, although this[…]

couple at an auction reversed

Is what the media is telling you the whole truth?

  As I was preparing for my speaking spot on Midday Panorama (NorthWest FM radio) with Vilma Formosa, I found it interesting to compare how the different suburbs of Melbourne are faring.  What I discovered, of course, is a slightly different picture to what the media feeds you. You’re most likely reading that the Melbourne[…]

The reserve bank of Australia decides to keep rates on hold

RBA keeps rates on hold despite their less optimistic view of the Australian economy

  After a 2 month summer break, the RBA has kept interest rates on hold at 1.5 per cent. In recent times the RBA has maintained a fairly optimistic view on the economy, however they did note in the post-meeting statement that “downside risks” have increased. Today’s meeting confirmed that the RBA hasn’t changed course,[…]

First Home Buyers Slowly Getting Back in the Property Market

Amidst the housing downturn in Australia, first home buyers have been noted to be getting back in the property market. Latest data from the ABS Housing Finance report showed that first home buyers have availed of new housing loans in more than six years. Specifically, 18.3 percent of owner-occupier loans were taken out in November[…]

Buyer’s Agent Burwood – Suburb Profile

Buying a property in Burwood 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[…]

Buyer’s Agent Albert Park – Suburb Profile

Buying a property in Albert Park 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[…]

Buyer’s Agent Seddon – Suburb Profile

Buying a property in Seddon 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[…]