March 2015

Master Advocates have had a great week securing properties at auction and private sale on behalf of our clients for investment in the world\’s most liveable city. There are many reasons to Live & Love Melbourne, securing great real estate opportunities will allow one to enjoy the lifestyle and passion surrounding our great infrastructure, schools, food and fashion culture, business opportunities, parklands, rivers, beaches and much more.

Moving Victoria – Australia’s number one destination for inter-state migration

Melbourne has reinforced its great reputation as the world’s most liveable city with new statistics showing Victoria as the number one destination for Australians moving inter-state.

For more information on Victoria\’s industry capabilities, visit the Invest Victoria website at http://invest.vic.gov.au

A clearance rate of 79 per cent was recorded this weekend in the Victorian real estate market, compared to 76 per cent last weekend and 69 per cent this weekend last year. There were 1291 auctions reported to the REIV today, with 1014 selling and 277 being passed in, 122 of those on a vendor bid. It has been a busy start to the year, with more than 7,000 auctions held in the year to date. The annual clearance rate, at 77 per cent is the highest since 2010.

Supportive information sources: REIV in association with Master Advocates – Real Estate Services – published March 2015