Property auction scene with wooden figures, shopping trolley and judges hammer

Melbourne Weekend Auction Results | 13th March 2021

  The week ending 13th March delivered a relatively high volume of properties at auction with a clearance rate of 82%, according to REIV data. Ath same time last year, the clearance rate was 70%. Across Melbourne, 808 auctions were reported. 493 homes were sold at auction, while another 165 were sold before auction, with[…]

rba cuts interest rate

RBA keeps interest rate on hold at 0.1%

. As widely expected, RBA Governor Stephen Lowe has confirmed that the cash rate will remain at 0.1%.  He has also stated that the parameters of the Term Funding Facility and the government bond purchasing program will be maintained at current settings. The RBA Governor had some specific statements to make concerning the housing sector:[…]

Calculating mortgage repayments following a rise in the interest rate

Australia’s strengthening dollar could affect fixed-rate mortgage repayments sooner than expected

  In the RBA’s first monetary policy announcement for 2021, it was predicted that the conditions for a rise in the interest rate wouldn’t “be met until 2024 at the earliest”. This statement gave many potential homebuyers added confidence about how much they could afford in terms of mortgage repayments. However, as pointed out by[…]

The inner Melbourne suburb of Brunswick West

Buyer’s Agent Brunswick West – Suburb Profile (updated February 2021)

  Buying a property in Brunswick West can be a daunting and difficult process. For many of us, buying property 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 when buying a home or investment property[…]

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,[…]

Buying a Home in Victoria

The state of Victoria in the southeast of Australia is the smallest state and the second most populous in the country. This most urbanised state has a population of more than 5.3 million as of 2011 but the Australian Bureau of Statistics predicts the number will increase to 7.2 million by 2050. Majority or almost[…]