Reserve bank have decided on interest rates

This afternoon the reserve bank have decided to leave the cash rate on hold at 1.5%.
The very strong Melbourne market market continues with a clearance rate of 79% recorded by the REIV on the weekend, this is compared to 76% last weekend and 64% this weekend last year.
We only have 2 Auction weekends left this year and it is wrapping up with our market conditions continuing to flourish, stock levels remain low along with population growth and record low interest rates meaning buyer demand is outweighing supply.

More Updates

Selling your first home and buying your second

Selling your first home and buying your second 

by Carly Susic, Melbourne Buyers Advocate  Buying your second home? Moving up the property ladder and upsizing is an exciting time. But your property buying ...
Read More
Buying your forever home

Buying your forever home

by Carly Susic, Melbourne Buyers Advocate  There’s a lot of advice about buying your first home, but what about buying your last home? When you ...
Read More
buying your first home in melbourne

Buying Your First Home In Melbourne: Your Essential Guide

by Carly Susic, Melbourne Buyers Advocate  Buying your first home in Melbourne is an exciting time — you’re realising the Australian dream. And no doubt ...
Read More