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Monthly Archive for July, 2014

The vacancy rate in Melbourne remained stable at 2.8 per cent for the fourth consecutive month in June 2014 with all sub-regions remaining stable. The vacancy rate is lower than the 3.1 per cent recorded in June 2013. Median house rents in Melbourne increased in June but fell for units. The vacancy rate in the […]

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Melbourne house prices have risen to a new record median of $658,000, with the city’s median price up 3.3 per cent over the three months to 30 June. Real Estate Institute of Victoria CEO Enzo Raimondo – releasing the REIV’s quarterly results today – said that the record median capped off a strong year for […]

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Auction wrap up for first six months

June marked the third consecutive month of improving clearance rates with an average clearance rate of 71 per cent from 2,854 auctions in Victoria. This is higher than the 10-year average of 2,366 auctions but is lower than the 3,112 auctions held last year due to one fewer weekend. The weekly average number of auctions, […]

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The Reserve Bank left the cash rate unchanged at 2.5 per cent in July 2014 as was expected. The statements from the Reserve Bank reiterated that a ‘strong expansion’ in housing construction is now underway with dwelling prices increasing, although at a slower pace in recent months. With inflation remaining within the target range, interest […]

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Winter chores around the home

Winter is the time of year when we spend the most time in their homes. It’s colder outside and we naturally stay indoors for the warmth and coziness. Before settling in to a relaxing moment in front of the fire, why not take the opportunity to attend to attend to a few annual chores before […]

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The Reserve Bank has left the cash rate unchanged at 2.5 per cent in July 2014 as was expected. The statements from the Reserve Bank reiterated that a ‘strong expansion’ in housing construction is now underway with dwelling prices increasing, although at a slower pace in recent months. With inflation remaining within the target range, […]

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Preparing a home for sale can call on all your DIY skills, and even earn you a few new ones! One of the most commonly asked questions when sprucing up an otherwise presentable home is “What colours should we paint the rooms?” Common sense dictates that sticking to a neutral palette is important – white […]

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Buying an investment property is a big deal. So once you’ve taken that step it’s imperative you find a knowledgeable and reliable property manager who has your best interests at heart. Some of the management services a good property manager will provide include: · An annual rent review – a property manager’s number one priority […]

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