rba cuts interest rate

Reserve Bank drops interest rate to 0.1 Percent

  The Reserve Bank of Australia has cut the official cash interest rate to a record low of 0.1 percent. RBA Governor Philip Lowe said the move will help quicken the pace of economic recovery and noted “the Board is prepared to do more if necessary”. “With Australia facing a period of high unemployment, the[…]

Reserve Bank leaves official cash rate on hold at 0.25 Percent

  The Reserve Bank of Australia has retained the official cash interest rate at its lowest level of 0.25 percent. RBA Governor Philip Lowe noted “As difficult as this is, the downturn is not as severe as earlier expected and a recovery is now under way in most of Australia”. Although under employment and unemployment[…]

Melbourne Weekend Auctions Results | 18 July 2020

  As Melbourne continues with Stage Three restrictions due to mounting cases of coronavirus, buyers are still out and about and buying real estate. The Melbourne auction market recorded a 82 percent auction clearance rate (based on REIV data), down from 88 percent last week.  At the same time last year, the clearance rate was[…]

Melbourne Weekend Auctions Results | 11 July 2020

  With the Melbourne market back into Stage Three restrictions due to mounting cased of coronavirus, buyers appear to be getting used to the “new normal” of online selling options. The Melbourne auction market recorded a 88 percent auction clearance rate (based on REIV data), up from 71 percent last week.  At the same time[…]

Selling Your Home? Make sure you remove these deal breakers

Sellng a home these days means you need to be on trend and clutter free with your interior design. Your goal should always be to have the buyer picture him or herself  living in their new home – your home! Decluttering is vital, to ensure that any prospective buyer can visualise themselves living in the[…]

No Change: Reserve Banks Keeps 0.25 Percent Lowest Level Interest Rate

The Reserve Bank of Australia has retained the official cash interest rate at its lowest level of 0.25 percent. The decision was widely expected by analysts and economists. Currently, the Australian economy is experiencing a very difficult period, with the biggest contraction since the 1930s.  Since March, over 800,000 people have lost jobs, with many[…]

Melbourne Auction Results | 6th June 2020

Melbourne’s auction market achieved a 56 percent clearance rate over the weekend, lower than last weekend’s 65 percent. Despite this with the low volume of homes for sale, the market is considered strong. The total auctions was 143 while the confirmed results was 92. The number of properties sold was 5826 with 34 being passed[…]

Reserve bank of australia keeps rates on hold

Reserve Banks Keeps 0.25 Percent Lowest Level Interest Rate

The Reserve Bank of Australia has retained the official cash interest rate at its lowest level of 0.25 percent. The decision was widely expected by analysts and economists. RBA Governor Philip Lowe gave a more positive outlook as the country gradually reopens its economy. He pointed out that their fiscal policy would have to have[…]

Another Happy Client Recommends Chamberlain Property Advocates

Chamberlain Property Advocates is proud to have worked with another client who was happy with the services we provide. Here’s what Stephen & Connie had to say: “I’d been previously ripped off when buying a property, because I didn’t know the legal ins & outs, OR how to deal with less than scrupulous selling agents.[…]

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

Melbourne Auction Results | 30th May 2020

Melbourne’s auction market recorded a 65 percent clearance rate over the weekend. There were more listings compared to the previous weeks. The clearance rate was also the highest since February despite the lower volumes. The total auctions was 175 while the confirmed results was 110. The number of properties sold was 81 with 29 being[…]