Wendy Chamberlain assists potential homebuyers at an auction in Melbourne

Melbourne Weekend Auction Results | 27th February 2021

  The week ending 27th February again saw homebuyers out in force, with the REIV recording an 84% clearance. This time last year the clearance rate was 78%. This result is based on 882 auctions reported across Melbourne. 558 homes were sold at auction and 185 were sold before auction, with 139 passed in. 15[…]

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[…]

Wendy Chamberlain exceeds client expectations in Melbourne auctions

Melbourne Weekend Auction Results | 20th February 2021

  The week ending 20th February was bolstered by Melbourne’s first Super Saturday of 2021, with the REIV recording an auction clearance rate of 86%. At the same time last year, the clearance rate was 80%. This result is based on 823 auctions reported across Melbourne. 554 homes were sold at auction and 151 sold[…]

Woman's hand holding keys to an apartment

First home buyers need to know the risks when buying a property

  A Melbourne schoolteacher is facing a first homebuyer’s worst fears after discovering that the apartment she purchased in 2018 contains severe defects. Lauren Bird decided to invest in an apartment in order to get into the property market. Unfortunately, she wasn’t aware of the importance of a strata report when purchasing an apartment. Ms[…]

Wendy Chamberlain - Melbourne Fixed Price Buyers Advocate

It’s an honour to be listed by PropTech Newsletter as one of the 100 most influential people in real estate

  Earlier this week, I was listed along with 99 other experts in PropTech Newsletter’s The 100 Most Influential People in Real Estate. It was a wonderful surprise and it’s an honour to be placed in the company of those who made this list. I’ve been in the real estate industry for over 25 years[…]

Laptop with an auction judge's hammer beside it

Melbourne Weekend Auction Results | 13th February 2021

  Despite the disruption caused by last Friday’s snap lockdown announcement, the week ending 13th February recorded a high number of sales at auction in Melbourne. The clearance rate reported by the REIV is 95%*. At the same time last year, the clearance rate was 79%. This result is based on 292 auctions reported across[…]

Auction in Kensington, Chamberlain Property Advocates, Wendy Chamberlain, buyer's agent, buyer advocate

Melbourne Weekend Auction Results | 6th February 2021

  The week ending 6th February delivered strong results for auctions across Melbourne, with an 82% clearance rate (based on REIV data). At the same time last year, the clearance rate was 76%. This result is based on 430 auctions reported across Melbourne. Of those 430 auctions, 263 were sold at auction and 89 sold[…]

Australia official interest rate

RBA keeps interest rate on hold at 0.1%

  The RBA has decided to maintain the official interest rate at the record low of 0.1%. The RBA Governor Stephen Lowe’s latest media release emphasises that “financial conditions remain highly accommodative, with lending rates for most borrowers at record lows and asset prices, including housing prices, mostly increasing”. Furthermore, the RBA forecasts that Australia’s[…]

Wendy Chamberlain helps first home buyers at an auction in Melbourne

Melbourne Weekend Auction Results | 30th January 2021

  The final week of January saw Melbourne buyers active across Melbourne in what has been a robust market so far this year. The Melbourne auction market recorded an 83 percent clearance rate (based on REIV data), a slight increase on the 82 percent for the previous week. At the same time last year, the[…]