Weekly Market Update 18 February 2016
By | 18th Feb 16

The Melbourne clearance rate has remained consistent at 77% from 429 auctions and there were some outstanding results including 31 Council Street, Clifton Hill which was purchased in 2013 for $896,000 and sold for $1.55 million and we were one of five under bidders. Another great result was achieved at 340 Howe Parade, Port Melbourne where a one bedroom house sold for just under a million dollars. To read the full article, please CLICK HERE. 

When it comes to selling your property, many vendors seek our advice on what buyers are looking for. I was recently quoted in The New Daily about the seven things homebuyers are looking for. The most important criteria and the one thing you cannot change about a property is its location. Ensuring the property is close to amenities including public transport, shops, cafes and schools is paramount when buying and selling properties. One of the other key inclusions you should be looking for when buying a family home is a second living space. Even if this space is a parent’s retreat or kids rumpus room offer an additional space are the most common requests we hear from our home buyers. To read the full article, please CLICK HERE.  

We are receiving an increasing amount of queries from people about purchasing property in their self-managed super funds. For many, this is a great strategy which gives you control over your nest egg. It is however not a straight forward process and the lending rules have changed. To find out if this process will be suitable for you we always recommend speaking to a specialist who can help you. Here is a great article by colleague and Mortgage Broker, Mario Borg which should shed some light on how the lending laws have changed and if it will affect you. To read the full article, please CLICK HERE.