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[…]

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[…]

Albert Park, Melbourne

Buyer’s Agent Albert Park – Suburb Profile (updated February 2021)

  Buying a property in Albert Park 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[…]

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[…]

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 of Australia keeps rates on hold

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[…]

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 | 4th July 2020

The Melbourne auction market recorded a 72 percent auction clearance rate (based on REIV data), up from 66 percent last week. This result is based on 300 auctions reported across Melbourne. 157 homes were sold at auction, 58 before auction with 85 homes passed in (31 on a vendor bid).  22 homes were withdrawn from[…]

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[…]