Wet and windy first weekend of spring doesn’t seem to dampen buyers’ curiosity as many turn out to take advantage of cooling market. There were 603 reported auctions, which generated a clearance of 72 per cent. Nevertheless, buyer advocate David Morrell said that in the higher price brackets, ”spring has got no zing”, pointing to […]
Caveat emptor: this often quoted Latin phrase means ‘‘let the buyer beware’’, and it remains one of the bedrock legal principles governing property transactions today. The simple fact is that the real estate system is weighted heavily in favour of vendors and vendors’ rights, which means buyers have to be wary, proactive and knowledgeable to […]
We all know the old real estate adage ‘location, location, location’ and the careful consideration needed to ensure capital growth. However equally important is the position of a property within that location – an unwise choice can have significant consequences if you need to sell in a soft market. Homebuyers are often tempted to inspect […]
The drawn-out political wrangle to form the next federal government looks set to affect the nation’s real estate market, delaying the start of the key spring auction season and adding further pressure on house prices. Election officials say the country may have to wait until at least the end of next week before the final […]
The drawn-out political wrangle to form the next government looks set to disrupt what’s typically one of the busiest times for real estate. The drawn-out political wrangle to form the next federal government looks set to affect the nation’s real estate market, delaying the start of the key spring auction season and adding further pressure […]
Many real estate vendors celebrating after strong bidding on a weekend with reduced stock levels. While the election yielded no clear winners, many real estate vendors were celebrating after strong bidding on a weekend with reduced stock levels. The REIV reported 300 auctions over the weekend and an increase in the clearance rate to 75 […]
WHILE “stratospheric” property prices have been blamed for Victoria’s housing affordability crisis, an inability to save remains a major roadblock for many aspiring homeowners. With mortgage providers tightening their deposit requirements in the wake of the global credit crunch, property experts have warned generation Y to learn to save or forget home ownership. Catherine Cashmore, […]
THE spotlight may be on politics, but the property market hasn’t strayed far from the action after a record-breaking eight months. According to the REIV, as of last week, 18,294 properties had been put up for auction in 2010 – the highest number recorded for that period of the year. The year-to-date clearance rate is […]
Weak auction clearance rates, interest rates fears may dent sellers’ hopes in mortgage belt The pace of Melbourne property sales has moderated, while listings rise, in a trend expected to prompt some sellers to rethink their asking prices. The time between the listing of a property and its sale has increased steadily since March in […]
The idea of spending half a million dollars on something you may not lay eyes on for two years would leave most people feeling a little uneasy. After All, you wouldn’t buy a wedding dress without trying it on for size. But as more and more Victorians embrace apartment living, a growing number are preparing […]
