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Director Domain Property Advocates Winner—Australian Property Manager of the Year (REIA) Melanie Dennis an REIV Accredited Property Manager is Victoria’s Highest Awarded Property Manager. Melanie is the Managing Director and also oversees the Property Management department of Domain Property Advocates, one of Australia’s largest Advocacy Estate Agencies which boasts a team of full time staff who manage an extensive portfolio of properties and tradespeople around Melbourne. With her commitment to the real estate industry Melanie is also the Chairperson of the REIV Property Management Chapter and founder of the property Management interest group at the REIV. “As Domain Property Advocates continues to grow I will continue to provide superior service to those choosing to use property as their investment. It is an important choice of who to choose as the one responsible to look after your property. You can be sure that Domain Property Advocates will always strive to be the best.” |
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Melbourne weekend property sales eclipse $1bn
The Australian property market continues to defy the odds, posting stellar auction clearance results over the weekend.
According to statistics from RP Data, Melbourne posted an auction clearance rate of 82.7 per cent.
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Three in ten homes offered at auction sold before
Just because a home is advertised for auction does not mean you have to wait until the day of the auction to make an offer for it.
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Weekly Auction & Sales Results, Market Overview
As the number of homes on offer at auction has increased each weekend this month the clearance rate has not varied to a great extent.
The weekend’s results remove any lingering doubts about the depth of demand in 2010. Buyers are very confident at the moment and find they have to compete to get the home that they want, which is leading to higher prices than expected and high clearance rates.
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Melbourne rental shortage hits five-year anniversary
The REIV rental vacancy rate for Melbourne in January 2010 was 1.5 per cent, down from 1.6 per cent in December last year.
REIV CEO Enzo Raimondo said that it is now exactly five years since the rental market was in balance and this has resulted in higher housing costs for renters.
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REIV Auction Preview 27-28 Feb 2010
Last weekend, 711 Auctions, clearance rate of 85 per cent. This weekend last year, 587 Auctions, clearance rate of 73 per cent. This weekend 2008, 1014 Auctions, clearance rate of 71 per cent .
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