A clearance rate of 78% was recorded this weekend. There were 585 auctions reported to the REIV, with 457 selling and 128 being passed in, 50 of those on a vendor bid. Vendors in Greater Geelong have experienced strong results under the hammer this year with auction transactions up 51 per cent on the same period last year and a clearance rate of 81 per cent.
IT MAY NOT BE FOR EVERYONE When landlords and tenants think of tenancy terms, it is generally 6 or 12 months. However, have you considered a longer tenancy? For residential properties you can enter into a tenancy term for up to 5 years. While this may not be for everyone it can be a smart choice if: A tenant is looking for a long-term secure tenancy You are not looking to sell the property within the tenancy term You are wanting to reduce the possibility of increased wear and tear...
We are seeing more and more media headlines of private landlords being sued in the Courts for not abiding by the law. This is a friendly reminder that as your managing agent we must act in accordance with the law. It is our role to protect you on all levels. Contracting outside of the law can result in fines to the landlord and agent. We cannot discriminate against a type of tenant when choosing the best possible tenant for you; we cannot request that the tenant give greater...