Weekly Market Update - April 4th 2017
By | 4th Apr 17

Melbourne’s clearance rate was a healthy 82% from another Super Saturday of auctions. There has been much talk about land tax and stamp duty and some commentators have suggested removing stamp duty altogether and replacing it with a broader land tax in the future.

There are pros and cons to buying first or selling first when you are changing over properties in your portfolio. In the rising Melbourne marketplace, it makes financial sense to buy first at lower prices and sell second at a higher price. Read our comments and those of our business colleague and client Mario Borg in this article. 

Many buyers continue to be frustrated by a minority of agent’s quoting practices where properties sell well over the price that buyers are being quoted. As of May 1st, new underquoting laws will be in place which will be great news as it will improve transparency in the market place for buyers. Read our comments in this article.

Please don’t hesitate to visit our website www.advantageproperty.com.au or contact us regarding our popular Buyer’s Advocate, Vendor Advocacy, Property Management, Owner’s Corporation services and Group Block Purchases, including our future opportunity in Fawkner.