The Property Advocate is a news blog run by Domain Property Advocates to keep you informed with the latest news and views in the real estate world.
Domain Property Advocates vast knowledge of property enables us to make wise recommendations when it comes to selling, renting or buying your property.
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Understanding real estate investment terms
Thursday, November 12th, 2009Victoria is currently experiencing some tightest rental market to date, which should provide some encouragement to investors to either enter the market or increase their residential property portfolio. If you are considering entering the residential property investment market there are some terms that you will see commonly used, equity, capital growth, investment return and gross rental yield.
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Strong quarter of growth for Melbourne home prices
Thursday, November 5th, 2009The REIV has released its September Quarter Property Update which shows the median price of a house in Melbourne reached $480,000, an increase of 6.7 per cent since the June quarter.
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Weekly Auction & Sales Results, Market Overview
Thursday, November 5th, 2009Demand at this weekend’s residential auctions has been very healthy and is consistent with the past 24 weekends when a clearance rate of 80 per cent or more has been achieved.
There have been 339 auctions reported to the REIV, of which a total of 278 sold and 58 were passed in. The clearance rate is 83 per cent. Of the homes passed in, 31 were passed in on a vendors bid.
Auction numbers will increase over the next few weeks following this brief dip in listings due to the Melbourne Cup.
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Govt seeks to cap FHB property values .
Thursday, November 5th, 2009The government is seeking to implement a cap on the value of properties that first home buyers can purchase.
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Weekly Auction & Sales Results, Market Overview October 20th 2009
Tuesday, October 20th, 2009This fortnight before the Melbourne Cup has the most auctions
scheduled this year and results from today show that demand remains
consistent with the performance in the last few months. The REIV
expects that whilst they will not welcome increases in interest rates,
most buyers will have priced into their budget.
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