Market Snapshot

19-08-2019

Mr Gil King, CEO of REIV reported yesterday that a clearance rate  of 79 per cent was recorded this week compared to 75 per cent last week and 58 per cent this week last year There were 441 auctions reported to the REIV, with 349 selling and 92 being passed… Read More

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Market Snapshot

13-08-2019

Mr Gil King, CEO of REIV reported yesterday that a clearance rate  of 76 per cent was recorded this week compared to 73 per cent last week and 62 per cent this week last year. There were 379 auctions reported to the REIV, with 288 selling and 91 being passed… Read More

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Interest Rates Kept on Hold

07-08-2019

In a surprise move the reserve bank decided to keep interest rates on hold as they met on the first Tuesday of August 2019. However, the way has been paved for even lower interest rates to further protect Australia from severe economic headwinds and the increasingly worrying United States-China trade… Read More

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High Rise Ambitions for BMW Site in Southbank

07-08-2019

Plans have been lodged by Malaysian backed developer, Beulah International, for Australia’s tallest building as the centrepiece of a $2 billion redevelopment of the BMW site in Melbourne’s Southbank. Architecturally designed, the proposal includes two large twisting towers which, if approved, will come to dominate Melbourne’s skyline. The proposed mixed-use… Read More

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Market Snapshot

05-08-2019

Market Snap.. Mr Gil King, CEO of REIV reported yesterday that a clearance rate of 76 per cent was recorded this week compared to 71 per cent last week and 60 per cent this week last year. There were 372 auctions reported to the REIV, with 281 selling and 91… Read More

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Caution Urged for Tax Deductions

29-07-2019

Investors beware, the Australian Taxation Office has broadcast that they are cracking down on property investors this year with frivolous deductions in their sight. Rental property owners who intentionally claim excessively are being targeted with the ATO doubling the number of in depth audits this year to 4500. This year… Read More

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Market Snapshot

29-07-2019

Mr King, CEO of REIV reported on Monday that a clearance rate of 73 per cent was recorded this week compared to 72 per cent last week and 62 per cent this week last year. There were 392 auctions reported to the REIV, with 286 selling and 106 being passed… Read More

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Market Snapshot

24-07-2019

Mr King, CEO of REIV reported on Monday that a clearance rate of 70 per cent was recorded this week compared to 75 per cent last week and 63 per cent this week last year. There were 276 auctions reported to the REIV, with 194 selling and 82 being passed… Read More

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Market Snapshot

19-03-2019

Mr Gil King, CEO of REIV reported yesterday that a clearance rate of 57 per cent was recorded this week compared to 52 per cent last week and 68 per cent this week last year. There were 628 auctions reported to the REIV, with 358 selling and 270 being passed… Read More

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