Borrowing Capacity and the Home Search Budget
A spring home search works better when borrowing capacity, purchase costs and a repayment buffer shape the shortlist before inspections begin.
A spring home search works better when borrowing capacity, purchase costs and a repayment buffer shape the shortlist before inspections begin.
October 2024 showed Melbourne’s spring auction market active but selective, with Domain’s safely available late-month result showing a 59 percent clearance rate.
Preparing a rental for new renters in spring 2024 means balancing presentation, repairs, records and realistic rent expectations before the handover.
The period between contract signing and settlement is where finance, conveyancing, adjustments, final inspection and moving logistics all need to line up.
Investment property budgeting should include the quiet recurring costs that sit behind the rent: rates, insurance, maintenance, vacancy and compliance.
September 2024 brought more spring auction activity, with the latest safely available Domain result showing 1,129 scheduled Melbourne auctions and a 60 percent clearance rate.
The best pre-sale renovations in spring 2024 are the ones that make value easier to see without asking sellers to overcapitalise.
August 2024 finished with Melbourne buyers still selective, with the latest safely available Domain results showing a 60 percent clearance rate in late August.
Private sale negotiation in Victoria depends on written offers, clear conditions, settlement timing and knowing when a contract becomes binding.
July 2024 showed Melbourne buyers still cautious, with mid-month Domain results showing a 62 percent clearance rate before later results became available.