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Monthly Archive for September, 2014

Fences are the most common cause of disputes between neighbours in Victoria. So what should you do if you want to undertake maintenance work on your dividing fence or replace it altogether? In Victoria, the Fences Act 1968 makes neighbours jointly responsible for the cost of construction and maintenance of fences. In most fencing matters […]

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The financial requirements of constructing a new home can be rather different from purchasing an existing property. To meet the needs of this area of the home loan market many lenders offer what is known as a construction or building loan. With a construction loan, you can break up the drawdown of the loan amount […]

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Melbourne is giving us some lovely warm spring weather and it’s about this time we turn our efforts to sprucing up our outdoor areas ready for entertaining and family fun. Decks, patios and verandas are the heart of all Australian homes during summer, but sometimes we neglect them during winter. The local DIY experts “Hire […]

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The winter market ended on a high with more than 3,300 auctions held in August. This is a record number of auctions for the month, which has averaged just 2,400 auctions over the past 10 years. The average clearance rate was 73% during the month with the highest performing suburbs being Hawthorn East (97%), Templestowe […]

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Earlier this year, the Queensland government passed legislation banning agents from providing buyers with both verbal and written pricing information on auction properties. Whilst this ban has not been taken up here in Victoria, it has sparked strong debate about the role of price guides throughout the Australian property market. Many believe that buyers need […]

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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. The record median capped off a strong year for the city’s property sector. The Melbourne market remains strong and continues to show solid gains. The housing sector […]

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Spring is in the air!

It’s spring! This usually means sunnier days, lighter evenings and weekend barbeques! It’s also an opportunity to throw open the windows, let some fresh air in, and make our home clean, happy and efficient. Here’s a simple list of spring cleaning chores that will have your place sparkling in no time: dust ceiling corners dust […]

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At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent. Growth in the global economy is continuing at a moderate pace. China’s growth remains generally in line with policymakers’ objectives, with weakening property markets a challenge in the near term. Commodity prices in historical terms remain high, but […]

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The Real Estate Institute of Victoria’s latest figures reveal that after three months of stability, the vacancy rate in Melbourne increased from 2.8 per cent to 2.9 per cent in July 2014. The increase was due to more vacant properties in the inner and middle suburbs. This marks the first increase since August 2013. The […]

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