As buyer agents we have all heard about Feng Shui from clients, our friends, families, colleagues, or acquaintances whether it be a passing topic for conversation or a deep-thought discussion amongst peers. However, what exactly is Feng Shui? Why do some home buyers or even homeowners exercise this practice when
What is an Auction Reserve Price? The auction reserve price is typically set 48 hours before the auction. The sales agent and auctioneer will meet with the vendor over zoom or face to face and talk about the campaign. The auction reserve price is set based on feedback from the
A global city needs world-class road and rail projects to keep up with population growth. This infrastructure helps increase productivity and helps keep Melbourne in the running for one of the world’s most livable cities. In this article, we mention three infrastructure projects that will have an impact on house
Whether you’re looking to buy your first home or your tenth home, interest rates will play a big part in your decision-making process. Back in the 1990s, borrowers were paying as much as 17 per cent interest. Fast-forward to 2000, and the average interest rate was a little over 8
The Melbourne residential property market is currently witnessing an absolute perfect storm in favour of the seller. House prices are rising, and the following factors are directly influencing market sentiment and growth. Higher Demand Record Low SupplyRecord Low-Interest Rates (2%)Stamp Duty IncentivesFirst Home Buyer IncentivesNew Construction IncentivesHigher than average savings
Buyers considering making a pre-auction offer must first understand the agent’s rules of engagement. The rules of engagement are set by the selling agent and auctioneer who is representing the owner of the home. Also known as the (vendor) Too often, buyers mistakenly assume that by making a pre-auction offer,
As we look back on the period between 2014 – 2017, we witnessed property investors flock to the market. We watched property prices in Sydney & Melbourne reach double-digit annual growth. The headlines were all about how “Investors were outbidding first home buyers” and shattering the great Australian dream for
Melbourne’s house and apartment prices have transitioned from bottoming out, to now trending in the other direction. Since the late 2017 market peak, the property market has had a tough time, but prices are now rising again. While homes are getting more expensive, the supply continues to dwindle. This is
What you need to know when downsizing your home Regardless of your lifestage – whether you’re a baby boomer, empty nester or just someone looking for a lifestyle change – the idea of selling your family home can be daunting. The memories it contains and the comfort of staying put
Stamp duty or land transfer duty – as it’s sometimes called in Victoria – can be an unpleasant surprise for those embarking on the home owner journey. Stamp duty in Victoria is a large source of taxable revenue for the state government, consistently proving to be a thorn in the
Acknowledgement of Country Industry Insider respectfully acknowledges the Traditional Custodians of the land of which we work, the Bunurong Boon Wurrung and Wurundjeri Woi Wurrung peoples of the Eastern Kulin Nation and pays respect to their Elders past, present and emerging.
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