First Home Buyers Assistance

We at Master Advocates recognise that there are many buyers in need of assistance when navigating and negotiating the current real estate market. When it comes to our clients purchasing the right property,  leveraging from our personal experience is what they need. Having worked and invested in the real estate industry, which dates back since the year 2000, our knowledge and skills to strategically assist in the search, selection and negotiation of purchase price terms and conditions will be an advantage to any type of buyer. However there is no type of buyer in greater need of the value and benefits that we can provide than the First Home Buyer.

For all First Home Buyers (FHB), we are happy to offer our comprehensive Buyers Advocacy Service, with a 50% discount on our engagement fee, being $550 including GST and our purchase/success fee for FHB’s to be guaranteed at the lower range of our current percentage or agreed dollar value for service. The purchase/success fee for FHB’s can be paid to our company at the settlement of the successful purchase.

This is not an End Of Financial Year special or spending stimulus. We genuinely want to put forward our best efforts to assist the First Home Buyer. This will be extended as a perpetual offer.

For further information or to arrange a no obligation consultation, contact Mark or Michelle Errichiello: +61 3 9379 1919; +61 408 988 118;;

Real Estate Week In Review

A clearance rate of 79 per cent was recorded this weekend compared to 79 per cent last weekend and 72 per cent this weekend last year. There were 850 auctions reported to the REIV today, with 673 selling and 177 being passed in, 88 of those on a vendor bid. There have been close to 17,000 auctions held so far this year. The suburbs with the highest number of auctions held in 2015 so far are Reservoir (270 auctions), Richmond (201 auctions) and St Kilda (187 auctions).

20th June 2015
Clearance Rate Auction Results Last week This week last year
79% 850 847 797
Sold prior to auction: 100 Passed in: 177
Sold at auction: 571 Passed on vendor’s bid: 88
Sold after auction: 2 Withdrawn: 13
Postponed: 17
Total Volume: $656.26mil No Result: 115

Suburb Spotlight: Reservoir, Melbourne, Victoria

Reservoir is a suburb that has a recent history of improved capital growth and improving rental yields. The suburb boarders with Preston, which has an established record of great capital growth and the recent additions of new development particularly in units and apartments close to main activity/business precincts, which has also improved local retail and hospitality activity and a healthy spike in rental yields.

The following statistics apply to Houses in RESERVOIR*

  • Change in Median Price (5yrs) is 21.6%
  • Annual Change in Median Price (10yrs) is 6.7%
  • Median Asking Rent for RESERVOIR is $350 per week
  • Average Days on Market is 77 days
*Based on Suburb Scorecard updated monthly. Statistics based on Mar 2015.

Median Prices (10 Years)

House Statistics


Units Statistics


Supportive information sources: REIV and Core Logic RP Data in association with Master Advocates – Real Estate Services – published June 2015

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