The Victorian Government has established a dedicated taskforce focused on unfair practices in the property market, including underquoting and ensuring all Victorians have fair and easier access to purchasing a property. At a time when households are struggling with cost-of-living pressures, the taskforce will work to ensure property prices are
At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 1.85 per cent. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 1.75 per cent. The Board places a high priority on the return of inflation
Melbourne was host to 628 auctions last weekend (2nd July), down from 1,000 over the previous week and 1,073 this time last year. Of the 518 results collected so far, 56.8 per cent have been successful, the lowest preliminary clearance rate the city has seen since the week ending 19th
With the constant inflation and high-interest rates in Australia this year, many aspiring homebuyers are turning sceptical as to whether they should purchase a property in the current cooling market or play a waiting game until the economy shows stability again. In real estate, situations change like the seasons, and
The lag effect is the potential ineffectiveness of fiscal policy due to the time it takes to recognise an issue, implement the appropriate approach, and affect the economy. The March 2022 qtr inflation data highlighted a 5.1% figure that shocked many and led to the Reserve Bank of Australia raising
Whenever house hunting for our buyer advocate clients, we put a lot of things into account. Majority of buyers want to be close to cafes, parks, and public transport. Whilst families want a property in a sought after school zone close to parks, playgrounds, cafes, and the amenities. As buyer’s
As buyers’ advocates in Melbourne, one of the most common must-haves that our clients always tell us is a spacious backyard. With the right budget, this is attainable however with a limited one, it can be quite tricky. When a property is in a great location, within your price range,
As buyer agents we have all heard about Feng Shui from clients, our friends, families, colleagues, or acquaintances whether it be a passing topic for conversation or a deep-thought discussion amongst peers. However, what exactly is Feng Shui? Why do some home buyers or even homeowners exercise this practice when
What is an Auction Reserve Price? The auction reserve price is typically set 48 hours before the auction. The sales agent and auctioneer will meet with the vendor over zoom or face to face and talk about the campaign. The auction reserve price is set based on feedback from the
Selling and buying property is a juggling act. The emotions are high, uncertainty sets in, and it can be overwhelming. When the real estate market is booming, and you wish to upsize or downsize, the choices can be few and far between.Many people sell their house before buying so they know
Acknowledgement of Country Industry Insider respectfully acknowledges the Traditional Custodians of the land of which we work, the Bunurong Boon Wurrung and Wurundjeri Woi Wurrung peoples of the Eastern Kulin Nation and pays respect to their Elders past, present and emerging.
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