Auction Snapshot

27-02-2019

  Mr King, CEO of REIV reported on Monday that a clearance rate of 53 per cent was recorded this week compared to 60 per cent last week and 70 per cent this week last year. There were 816 auctions reported to the REIV, with 433 selling and 383 being… Read More

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New Lending Requirements

27-02-2019

The financial regulator is stepping up lending requirements for people applying for new loans further increasing the difficulty in obtaining credit in the new loan market. Perspective borrowers will now have to provide extremely detailed information to be scrutinised regarding their spending habits and patterns. A long history of bank… Read More

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Christmas Message

18-12-2018

Dear All We are fast approaching the end of another year with the festive season of Joy and Celebration only weeks away. Christmas is a time of reflection on the central message of love, forgiveness and giving; to enjoy all the festivities that the season brings with our families and… Read More

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November 2018 Market Review/REIV

18-12-2018

Following the Reserve Bank meeting in December 2018, the cash rate was left unchanged at 1.5 per cent, as it has been since August 2016. The standard variable rate remained at 5.35 per cent. There were 3,528 auctions held in November 2018. A total of 1,744 of these sold representing… Read More

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Market Snapshot

18-12-2018

Mr Gil King, CEO of REIV reported yesterday that a clearance rate of 53 per cent was recorded this week compared to 47 per cent last week and 69 per cent this week last year. There were 739 auctions reported to the REIV, with 389 selling and 350 being passed… Read More

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Auction Snapshot

11-12-2018

Mr King, CEO of REIV reported on Monday that a clearance rate of 48 per cent was recorded this week compared to 48 per cent last week and 67 per cent this week last year. There were 874 auctions reported to the REIV, with 420 selling and 454 being passed… Read More

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Foreign Investment

11-12-2018

Experts are now saying that new taxes, credit restrictions and the market downturn in Melbourne are behind the severe drop in foreign investment while the tougher restrictions being enforced by the Foreign Investment Review Board have had a lesser impact. Melbourne still remains the number one target for foreign property… Read More

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Small Signs of Finance Increase

11-12-2018

Recent statistics have shown for the first time in 2018, mortgage lending has grown as loans for new investment purchases picked up with the natural increase in activity during the spring market. The increase in investor loans was just less than 0.6 per cent with total housing finance rising by… Read More

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