Whilst we can’t be certain at this early stage of the year, if we can believe what’s in the news and what the experts are saying, then the Melbourne market is in for a very positive year with a price increase of at least 8% nationally (according to the Financial … Read more
Daylight Savings is here! We’ve also had 1st Tuesday of the month and the Reserve Bank announced a further interest rate reduction of 0.25 basis points making it now the lowest Interest rate on record at 0.75%. It is hoped that the full 0.25% will be passed on. For eg … Read more
The RBA’s two consecutive cuts, first in June and now in July including another 0.25 percentage point drop (Tuesday 2nd July,) has officially lowered the key cash rate to a record low of 1 percent. Fingers crossed now that the big banks will listen to Treasurer Josh Frydenberg and pass … Read more
Traditionally it has been said that selling when the weather is better and the garden is looking blooming is the best time to sell. However many of our clients are less concerned about the weather climate and more concerned about the economic climate. Through Winter there are generally not as … Read more
Every year around this time we begin to observe a lower volume of homes for sale throughout the area as many sellers believe the cold weather, early dark evenings and out of season gardens will put off potential buyers from searching and buying… they couldn’t be any further from the … Read more
The mornings and evenings are cooler and day time temperatures very pleasant. On the topic of temperature; the real estate market has proven to remain “hot hot hot” in many locations throughout City of Whitehorse and Knox. By way of example here are some properties we would like to share … Read more
The start of the year has seen a lower supply of property in the market place in comparison to late last year which has seen a slight increase in auction clearance rates across the state whereas our office in particular has been clearing our clients auctions at an average of … Read more
Typically, new listings and agent activity is very quiet over the holiday period. However not at Ray White Forest Hill, we strategically begun advertising several of our clients homes for auction just before the Christmas break as real estate portals experience high levels of traffic over that time whilst people … Read more
The REIV last night released a press statement confirming they will fight the ‘Nanny State’ changes to rental law. Read more on the media release and proposed changes. If you haven’t had your say, now is the time! If you have any questions or require any assistance with your rental property give … Read more