Record Number of House Auctions Scheduled for Melbourne

Spring has sprung, and real estate agents around the city are smiling.

New research released by the Real Estate Institute of Victoria this week show that in the last weekend of October, a record 1,245 auctions are scheduled to take place – breaking the previous record set in December 2003, when 1,241 properties were put to the market by auction.

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State and Federal cooperation on first home buyers a good step

The REIV has welcomed the combined action of the state and federal governments to continue the grants, boosts and bonuses for first home buyers.

REIV CEO Enzo Raimondo said that the extension of the assistance would help thousands more first home buyers purchase their first home.

“As of the 1st of July a first home buyer in Victoria will be eligible for $16,000 for an established home and $12,500 after 30 September in combined assistance from the State’s grant and bonus and the Federal government’s boost.

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