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Melbourne Housing Market Update [Video] – May 2016

Melbourne houses recorded the lowest rental yields this month, with gross rental yields of 2.9% and units at 4.0%. The results show value growth moved at a faster pace compared with the final three months of 2015 when capital city dwelling values slid 1.4 per cent lower off the back of weaker market conditions in Melbourne. Melbourne’s housing…

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Would you benefit from using a vendor’s advocate?

You’ve heard of buyer’s advocates leveling the residential property playing field by acting on behalf of purchasers. And of course real estate agents have long been considered the vendor’s representative to a real estate transaction. Now though, we’re seeing an increasing number of vendor’s advocates coming onto the scene. So what do these industry professionals…

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Melbourne’s Auction result bounces back in a small victory

Melbourne’s auction clearance rate steadied on the weekend following recent falls, with cuts to mortgage rates yet to significantly impact market activity. Melbourne reported a clearance rate of 74.3 per cent on Saturday, higher than the 73.1 per cent recorded on the previous weekend, but below the 78.6 per cent recorded on the same weekend…

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The weekend saw Sydney’s Auction market back with a vengeance

The Sydney market reported a remarkable auction result at the weekend, with new data confirming investors are re-entering the market ahead of possible changes to negative gearing. The city recorded a clearance rate of 80.3 per cent on Saturday, the highest result since the 83.1 per cent recorded on July 18 last year – at…

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