If you follow this approach you’ll get valuable insights into property prices, selling tactics and the state and level of demand, placing you in a much better position to successfully buy your first or subsequent home. Buying a home in today’s market can be a daunting task. Not only do you have to contend with […]
There were 561 auctions reported, which is about average for each week of the past month. Although low compared with autumn, it is still a high level for winter stock, especially when compared with last year’s July average of 332. The weekend’s clearance rate rose to 70 per cent for the first time since mid-June. […]
WITH prices softening, buyers scent their opportunity. But is it better to buy at auction or by private sale? Ian James, of JPP Buyer Advocates, says both methods have pros and cons for the uninitiated and much depends on the market. “Go to auction if you think the property will go low but not if […]
A cheap property in a highly sought area might seem a bargain but could cost you dearly in the long run, writes Chris Vedelago. When buyers hear that the most important consideration in selecting a property is “location, location, location”, many take that to mean picking the best possible suburb within their budget. That’s true, […]
It brings to mind the recent controversial advert depicting Julia Gillard as a puppet of the Labor machine, however instead I wonder if the true puppets depicted should be the public at the hands of the great media machine? After all it’s the media that decides to make what is often a minor issue a […]
WITH the feverish bidding of a few months ago cooling, the market seems to be stabilising at a more sustainable level. Stock levels are still well above last year, but the clearance rate appears to be steadying, having remained in the mid to high 60 per cent range for the past few weeks. Falling below […]
ELECTION campaign aside, Melbourne’s real estate market was buzzing with its own news after the release of the June quarter median prices. According to the REIV, Melbourne’s median house price increased 8.5 per cent to $559,000, with demand in the more affordable suburbs driving the price growth. None of the top 20 performing suburbs had […]
There were six bidders at the auction of this three-bedroom house, with bidding starting at $1.4 million, according to James Buyer Advocates. The 658 square metre property, which was sold for $2,005,000, is just off Glenferrie Road and within walking distance of Toorak Road, Kooyong train station and park, as well as schools. It features […]
NEWS of a further quarter of astronomical property price growth will send shivers down the spine of anyone yet to set foot on the real estate ladder. The latest Real Estate Institute of Victoria report shows the cost of a middle-of the-road Melbourne house rose 8.5 per cent to $559,000 in the three months to […]
INVESTORS TAKE CENTRE STAGE YESTERDAY’S sunny morning weather left plenty of Melbourne vendors with that warm feeling that only a bonus hundred thousand dollars can bring. The auction clearance rate was still well down on the same time last year at 72 per cent, but had improved from 68 per cent last week. Agents reported […]
