Despite a four-week run of clearance rates below 50 per cent, some stellar auction results are still emerging across Melbourne. Homes in need of a renovation were the leading lights last week, when a preliminary clearance rate of just 48.3 per cent across 1141 auctions was recorded by CoreLogic. This… Read More

Changes to the Owners Corporations Act 2006 are being introduced to help prevent short-term accommodation apartment buildings being used to host unruly parties. Under the reforms – to come into effect from Friday 1 February 2019 – owners corporations and residents will be able to take action against owners and guests, who will be… Read More

A worrying prediction has been given for lending growth due to investors increasingly pulling out of the market contributing to the recent market downturn. Westpac’s CEO Brian Hartzer stated that he “expected house prices to cool further, and investor demand to remain weak” which will contribute to further decline in… Read More

Strong economic growth averaging 3.5 percent is what the Australian economy can look forward to over the next two years, according to the Reserve Bank, bringing the jobless rate to 4.75 per cent by 2020. This is despite the current doom and gloom surrounding forecasts for the real-estate market. The… Read More