Blog & Insights

Yes, It’s Still A Sellers’ Market BUT Change Is In The Air

Yes, It’s Still A Sellers’ Market BUT Change Is In The Air

Records are still being set for property prices in Melbourne. There is still a pool of buyers waiting for new listings to come onto the market. This excess demand is working in favor of sellers and prices are still creeping up. But the slowdown in price growth may be...

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Property Inspections from 18/9/21 – REIV Advice (edited)

Property Inspections from 18/9/21 – REIV Advice (edited)

The Victorian real estate sector has been granted some relief from the lock down restrictions after a prolonged period of discussion with government. It is critical that all real estate agents ensure that everyone abides by these rules so the sector can continue to...

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A High Price or the Highest Price?

A High Price or the Highest Price?

https://www.youtube.com/watch?v=_b-yFp5xy2M Most properties are currently selling for high prices. Record prices even. But there's a difference between a high price and the highest price achievable. And most of the time, sellers leave money on the table. It's not even...

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Why Melbourne Rents Will Go Up

Why Melbourne Rents Will Go Up

Rents have been largely in the doldrums over the last 18 months. At least anywhere that attracts any demand from tertiary students and the CBD have anyway. And the negative influence on prices isn’t about to suddenly disappear, with our borders likely to stay closed...

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Time Running Out after Lockdown Freeze

Time Running Out after Lockdown Freeze

On 1st July, the temporary Stamp Duty waiver of 25%* will disappear forever. This was one of a number of incentives the Victorian Government introduced to revive the property market following the extended lockdown for 3 months till November last year. Needless to say,...

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Underquoting is Alive and Well

Underquoting is Alive and Well

The Melbourne property market is currently hot. Not exactly new information. But under cover of the spiking prices, agents have fallen back into underquoting to buyers. It’s bad enough that prices are moving beyond reach for many buyers, without being deliberately...

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Big Increase to Property Purchase Costs Next Month

Big Increase to Property Purchase Costs Next Month

Did you realise there is currently a  25% discount applied to stamp duty costs in Victoria for EVERY buyer for properties under $1 million? Not just First Home Buyers, or even Owner Occupiers. It also applies to investors and foreign buyers (yes, we were a bit...

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The Coronavirus Property Bounce

The Coronavirus Property Bounce

Far from the price collapse predicted 12 months ago, our property market is currently showing extraordinary strength. Whilst Melbourne is still behind the national averages, due to our prolonged lock-downs and business disruption, we are recovering quickly. Price...

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Time To Look Forward

Time To Look Forward

We are all still a little shell-shocked by the incredible events of 2020. For Victorians, we have lived with a mixture of disbelief (a little fear) and frustration. We have, for the most part, accepted restrictions on our lives and liberties that would have simply...

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Real Estate Inspections – Open for Business

Real Estate Inspections – Open for Business

In really great news and a victory for common-sense, property inspections are now permitted again in Melbourne. One on one inspections can now be booked and new listings can be listed and photographed. In another sensible variation to the rules, another member from...

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Have You Put Your Selling Plans on Hold?

Have You Put Your Selling Plans on Hold?

Most of us in Melbourne have had our lives on hold not just for the current lockdown, but for most of this year. The uncertainty has made it almost impossible to plan. It has been frustrating, with anger, sadness, depression and hopelessness being common feelings...

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