THE producers of Channel 9’s hit renovation show, The Block, have paid more than $3 million for a row of terrace houses for a second series to be filmed in Melbourne this year. Watercress Productions paid $3.025 million for the four double-storey Victorian terraces standing side by side on Dorcas St, South Melbourne, late last […]
VICTORIA’s auction clearance rate came in at 56 per cent yesterday with about 480 properties going under the hammer. Real Estate Institute of Victoria spokesman Robert Larocca says buyers are waiting for properties to be passed in rather than show their hand. ‘‘Buyers have clearly worked out that they are advantaged by waiting and trying […]
Looking to sink $350,000 into an investment property in Melbourne? It is still possible. The Sunday Herald Sun asked three buyer advocates where they would spend the money. More importantly, we asked them to tell us why it is a good investment in a softening market. Catherine Cashmore JPP Buyer Advocates Suburbs: Thornbury and Brunswick. […]
VICTORIA’S clearance rate was 57 per cent yesterday, with more than 660 properties up for auction. Data from the Real Estate Institute of Victoria shows Melbourne’s clearance rate has averaged 59 per cent this year. A healthy market averages 65-75 per cent. While the rate is trending down, the market is anything but uniform. Inner-eastern […]
THE production company behind Channel 9’s hit, The Block, may have bitten off more than it can chew after paying $3.6 million for a row of rundown terraces in Richmond. As the property market cools, Watercress Productions might struggle to cover the cost of sales and renovations to the houses, which are in the shadow […]
But there’s good opportunities for savvy buyers as the clearance rate drops Home buyers are keeping their hands buried firmly in their pockets, but vendors are still turning to the auction system to try to sell their property. There are 885 auctions scheduled this weekend, up from 712 held last weekend when just 58 per […]
BUYING off the plan has long been popular with investors. If you’re considering going down this track, it’s crucial you’re fully aware of all the potential risks and rewards before taking the plunge. THE REWARDS Prime among the rewards are significant stamp-duty savings and tax deductions for depreciation of the building and its fittings. Firsthome […]
The buyers’ market provides opportunities to negotiate and secure quality real estate Home buyers are being warned against flippancy in a property market that tilts clearly in their favour. Buyer advocates say people looking to buy property should still be doing their homework. – Click here for the rest of the article (Pressdisplay Website)
EXPERTS tip a surge of first-home buyers once stamp-duty cuts kick in, says Caroline James. A HOME prices “pressure cooker” has been set by the State Government’s decision to cut stamp duty for first-home buyers by 20 per cent from July 1. Real estate experts welcomed the Government’s announcement this week to reduce stamp duty […]
More people are turning to units to realise their dream of home ownership writes Caroline James Latest statistics prove the appeal of apartments has spread far beyond Melbourne’s inner city and trendy young buyers. Real Estate Institute of Victoria data shows apartment values have held up well despite downward pressure on the market – Click […]
