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

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

Based on most recent apartment market report the sentiment and fear surrounding Labor’s proposed negative gearing changes are doing more harm to the already soft apartment market than the actual eventual changes. This comes as new apartment completions nationally will drop by almost one-third this year from 23,200 in the… Read More

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

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

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

The most recent changes to the Residential Tenancies Act were passed by the Victorian Parliament in   September 2018 and will come into force progressively by 1 July 2020.  We have provided a summary of some of the reforms to give you an idea of what to expect.  Tenants can make minor… Read More

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

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

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