As loan squeeze takes toll on clearance rates, experts call for six-week auction campaigns
SQM Research Louis Christopher is calling for the typical four-week sales campaign to be extended, as the tightening loan approvals process takes its toll on clearance rates.
"We've all forgotten what a normal market is" agent says on cooling auction clearance rates
A Drummoyne home has defied market trends, skyrocketing $650k above the reserve price, while Place Bulimba held another successful All-Star Auction event.
Greg Young announced new Australian President for International Real Estate Federation
International Real Estate Federation (FIABCI) Australia Secretary-General and Real Estate Institute of Victoria (REIV) CEO Gil King have announced Greg Young of Queensland’s Young Property Group has been appointed FIABCI Australia President.
State Election 2018: REIV pushes for new government regulator
The Real Estate Institute of Victoria (REIV) will lobby for a property services commissioner to be appointed to oversee the industry, as part of their 2018 State Election Policy Priorities, released today.
New Victorian rental laws "will result in an unfair, unworkable and impractical system" says CEO of REIV
The Real Estate Institute of Victoria (REIV) CEO, Gil King has spoken out against the new Victorian rental laws, arguing they are unfair for landlords, investors, and property owners.
Spring has seen less auctions each week relative to same time last year
The combined capital cities saw an increase in the number of homes taken to auction this week with a total of 1,985 auctions held, up from the week prior when 1,916 auctions took place.
Unit market outperformed houses in weekend auction
This week saw auction volumes increase across the combined capital cities, with 1,907 homes taken to market returning a preliminary clearance rate of 59.1 per cent.
