The suburbs most popular for Victorian first-home buyers

Buyers and sellers advocate Wendy Chamberlain from Chamberlain Property Advocates has spoken to Domain regarding Melbourne’s first home buyer’s preference towards buying homes closer to Melbourne CBD, shunning long commutes. “Wendy Chamberlain said she had noticed a move towards the northern suburbs over the past six to eight months. “They’re definitely buying based on a[…]

Melbourne Auction Results | 13th April 2019

Melbourne’s auction clearance rate slightly went down to 54 percent from last weekend’s 56 percent. The number of scheduled auctions on Saturday was also down to 750 from the previous week’s 775. The number of reported auctions was 495. The number of properties sold was 282 with total sales amounting to more than $186,318,000. The[…]

Melbourne Auction Results | 6th April 2019

Melbourne’s auction clearance rate improved to 56 percent over the weekend from last week’s 51. The number of scheduled auctions on Saturday was 775 while the number of reported auctions was 584. One of the factors behind the increase in auction sales was the lack of new homes. The number of properties sold was 334[…]

RBA’s budget day rates decision

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. The Reserve Bank of Australia delivered its verdict on interest rates for April 2019, just hours prior to the federal budget being handed down. Despite both economic growth and inflation continuing to[…]

Melbourne Auction Results | 30th March 2019

Melbourne recorded a lower auction clearance rate of 51 percent over the weekend. The number of scheduled auctions on Saturday was 803 while the number of reported auctions was 589. Real estate agents that although the clearance rate was lower compared to the previous weekend’s rates, around 70 to 80 percent of properties sell within[…]

Downsizers are selling their family home to buy city property and enjoy beach lifestyle

The Melbourne downsizers buying city properties to suit their beach lifestyle

Buyers and sellers advocate Wendy Chamberlain from Chamberlain Property Advocates has spoken to Domain regarding what is currently on Melbourne downsizers’ wish list. “I think there is a definite trend of downsizers buying a low-maintenance city base in Melbourne that offers them quick and easy access to freeways to escape down the coast as they[…]

Wendy Chamberlain discusses more affordable suburbs in Melbourne to buy property

Melbourne’s most expensive suburbs and where to look instead

It’s well documented that Melbourne Property prices are dropping, however it doesn’t mean every suburb is offering the ultimate bargain. Wendy Chamberlain spoke to Domain regarding more affordable, alternative suburbs to the highly sought after suburb of Toorak. Local suburbs of South Yarra, Prahran and Armadale may offer a similar lifestyle. “Nowadays in Melbourne, you can get the[…]

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[…]

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[…]