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Monthly Archive for December, 2012

2012 in review

With the curtain now closing on another year in Melbourne property sales, the results indicate a market that is balanced and sound. After 2011 finished with a grumble, the market mood from buyers and sellers was fairly sombre. This was still reflected in the general lack of quality homes on the market at the beginning […]

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Selling Over Summer

There’s little doubt that spring is the season when most people contemplate selling their home. But that doesn’t mean no one sells in summer or that there are no buyers out there. On the contrary, with fewer properties on the market, competition can often be fierce. Properties that have a fantastic ocean view or an […]

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Deck Maintenance

  Timber decking is an attractive addition to any home or garden. However, if the deck has been continually exposed to the elements and is looking faded, splintered or warped, then it is time to restore its appearance by cleaning and sealing. Hardware experts Bunnings Warehouse recommend the following approach to help bring your deck […]

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Andrew Winter, host of Selling Houses Australia. CANT sell your home? You could be making one of the most common mistakes that stands in the way of a property sale. Recently I have been involved with a few houses that just would not sell. Nothing unusual there of course in this market. However there has […]

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Clearance Rate History

The Real Estate Institute of Victoria (REIV) began recording auction market data back in 1981. Analysis of that archived data shows that in the last 31 years the average clearance rate at auction has been 66%. The statistics show that the clearance rate for the 1980s was 66%. In that decade there were around 155,000 […]

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Sales Method by Suburb

The Real Estate Institute of Victoria (REIV) continues to gather a comprehensive and growing assortment of industry data. They recently completed their first comprehensive analysis of sales methods by suburb in Melbourne. The statistics provide buyers, vendors and anyone with an interest in the local market with data about the most popular sales method. When […]

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Christmas Light Safety

There’s a fabulous array of Christmas lights on sale at this time of the year, so it’s no surprise to see thousands of households across Australia glow in a stunning display of twinkling colour. But for some DIY decorators, the risk that these lights can pose when used inside and around the home is often […]

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Decorating for Christmas

Deck the halls, and the rest of your home, in Christmas cheer this festive season! We have scoured the web to bring you a selection of fun and inexpensive decorating ideas for the whole family: 1. Make your own door wreath by bending greenery into a circle and tying together with whatever’s on hand like […]

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Over recent weeks there has been an enormous focus on interest rates. Will the Reserve Bank reduce rates ? Will the Banks pass the rate reduction or some proportion of it on ? If so, what proportion ? The bottom line is that interest rates will move up and down depending on the economic cycles […]

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Reserve Banks Cuts Interest Rates by .25

Statement by Glenn Stevens, Governor: Monetary Policy Decision At its meeting today, the Board decided to reduce the cash rate by 25 basis points to 3.0 per cent, effective 5 December 2012. Global growth is forecast to be a little below average for a time. Risks to the outlook are still seen to be on […]

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