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

What happened around the Melbourne and Victorian Real Estate Market during last week?

A clearance rate of 76 per cent was recorded this weekend compared to 72 per cent last weekend and 73 per cent this weekend last year. There were 826 auctions reported to the REIV today, with 631 selling and 195 being passed in, 93 of those on a vendor bid. This weekend marks the first major auction weekend of the year – with a further 1,470 auctions scheduled for next week. By the end of February, more than 3,000 homes are expected to have been auctioned, which is about 500 more than February last year. The clearance rate for the year to date is 71 per cent, compared to 70 per cent in 2014.

Continue reading for buyer tips:

8 property search tips

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

Master Advocates – Real Estate Services loves nothing more than to be able to add value and benefits to our services for our clients.

To Celebrate Chinese New Year, we are embracing a new advancement in resources. Core Logic RP Data has been a powerful resource which enables Master Advocates to provide our clients from both domestic and international markets with vital supportive data and analytics that are current and informative relating to real estate comparable sales and leasing results, market trends. Ultimately assisting our Advocates to estimate and make more accurate and informed decisions relating to property which we research, inspect and strategically assess to negotiate buying, selling or leasing transactions on behalf of our clients with their best interests in mind. We can also use this information to estimate the potential for key locations that may provide the best options for strong capital growth and/or rental yields.

Now Core Logic RP Data have produced a facility which will provide Chinese Language Property Reports. This will allow some of our foreign buyers and clients access to the information in a format that they can appreciate and understand at a greater level by providing property and suburb information, ultimately allowing them to make decisions in conjunction with results from our due diligence processes, opinios and advice with more confidence.

The latest Core Logic RP Data Chinese Language Reports offer:

CMA (current market appraisal)-styled information delivering valuable insights into individual properties and their location

Professional translations into Simplified Chinese – the official written language of China and Singapore

Easy to use workflow within the RP Data Professional database

PDF formats that can be easily emailed to clients

Contact Master Advocates to obtain a sample report

In the Chinese calendar, 2015 is the Year of the Goat. Goats are recognised as being compassionate, helpful, sincere and determined.

Make sure your 2015 is prosperous by adding another channel to your portfolio and investment network of service providers by enlisting Master Advocates – Real Estate Services and the addition of the Chinese Language Reports.

In further property news, Residential property prices could spike by 15% if the Reserve Bank of Australia is forced to cut rates to below 1.25 per cent in response to falling oil prices impacting the US economy, a prominent economist has warned.

Matthew Peter, Queensland Investment Corporation’s chief economist says the plunge in world oil prices has the potential to push the US economy into deflation this year, which would prompt the Federal Reserve to defer a tightening cycle to 2016. \”The RBA would have to offset that and cut rates quickly – to 1.25 per cent for a quarter before raising it to 1.5 per cent – but cannot hold them there for very long due to the extreme impact it would have on the housing market,” Peter told The Sydney Morning Herald in a detailed assessment of the impact of the decline in oil prices on the economy.

“It would give a 15 per cent lift to housing prices.”

Supportive information sources: The Real Estate Conversation in association with REIA, REIV and Core Logic RP Data – published February 2015