Compass Estate Agents in Spotswood, Victoria | Property

Compass Estate Agents

Locality: Spotswood, Victoria

Phone: +61 403 536 390

Address: 208 Hall Street 3015 Spotswood, VIC, Australia

Website: http://www.compassea.com.au/

Likes: 312

Add/Update information

Reviews

Tags

• Property
• Property management company
• Estate agent

25.01.2022 Another one of my favourite apartments at Chevron Apartments on St Kilda Road. Amazing views across Albert Reserve Tennis World and out to Port Phillip Bay.

25.01.2022 An increase in auction volume hasn't halted rising clearance rates across the country, with a new yearly benchmark likely to be set for the combined capital cities from the last week's results. Data from CoreLogic indicated there were 1,412 homes taken to auction across the combined capital cities for the week ending August 25, in comparison with 1,228 the previous week. A preliminary clearance rate of 79.6 per cent is also expected to be revised down to be higher than the pr...evious week's final rate of 73 per cent - the highest in two years. Over the same week last year, auction activity was higher with 1,915 homes taken to auction, returning a significantly lower clearance rate of 54.6 per cent. Melbourne's preliminary clearance rate remained above 70 per cent for the fifth consecutive week, coming in at 79.7 per cent. The city hosted 665 auctions last week, in comparison with 588 the week before. REIV CEO Gil King said the institute's clearance rate of 81 per cent was the highest since the last week of April 2017. "Bentleigh East, Craigieburn, Mount Waverley and Richmond sold the most properties under the hammer with seven each," he said Three suburbs recorded a 100 per cent clearance rate - Mount Waverley with seven sales, followed by Northcote and St Kilda with six sales each.

25.01.2022 Cost of a Master Ensuite Expect a master ensuite bathroom to cost anywhere from $10,000 to $35,000+ or more, depending on the quality of the materials/fittings, the size of your bathroom, and how much structural work is involved. An ensuite bathroom is all about practicality, especially if your brood is growing fast and there are queues and skirmishes for access to your in-demand single bathroom. You may also want some privacy and to be able to enjoy some ‘me’ time pampering ...Continue reading

25.01.2022 A preliminary auction clearance rate of 77.7 per cent was experienced on the weekend, said CoreLogic.

24.01.2022 Why choosing the right real estate agent, especially in the current market, is critical to a successful sale and a positive experience throughout the sale process.

24.01.2022 Bidders step up in June and clearance rates shoot up. Over the 5 weekends of June more than 2,432 auctions were reported to the Real Estate Institute of Victoria (REIV). There were approximately 1,208 sales at auction. 654 properties were passed in, 292 on a vendor bid. The clearance rate averaged 67.5%, shooting up from May’s 62.5% and April’s 56.5%. Melbourne’s clearance rate climbed steadily every week in June as bidders become increasingly keen at auction and less depende...nt on post auction negotiations. Volume is lower though compared to June 2018 which had more than 3,532 auctions. According to Domain’s newly released Property Price Forecasts this change of mood is is likely to help speed price stability and a likely return to value growth in 2020. But the ‘Domain Property Price Forecasts’ predicts a conservative recovery only for Melbourne, with a 1% rise in house values by the end of the year and a 1% to 3% rise in 2020. Sydney prices are expected to bounce back more quickly, with an expectation of a 3% to 5% rise across 2020. Domain’s crystal ball predicts at the end of 2020 Melbourne house prices will still be sitting about 10% under their 2017 peak. It’s likely to be a gradual recovery in Melbourne because households are wary about loading up with more debt. Affordability still remains a problem and wages growth will remain slow. People have just experienced a major setback in home values and the warning bells are still echoing for many. How quickly has Melbourne recovered from corrections in the past? Melbourne home values are presently 11.1% lower than the peak in 2017 which is the deepest correction since 1980. While Melbourne has had a few notable corrections since May 1989, these were generally shallow and a quick recovery followed. The big exception was the major 1989 downturn where dwelling values didn’t recover until 1997. Economic conditions are much better now than they were in 1989, but this shows with a major correction it can take 8 years for Melbourne values to claw back to where they were.

24.01.2022 RECENTLY SOLD* 195 David Drive, Sunshine West: Lovely Two Storey Townhouse in Glen Gala Estate. *Visit the website here to see details: http://www.compassea.com.au/property?property_id=338033 and contact Mark by phone 0403536390 or email [email protected] to get a free market appraisal of your property. #NoBS #RealEstateAgency #Sold

24.01.2022 Can hardly believe it!? Achieved $648,000 for this 1 bedroom, North/East facing apartment at Freshwater Place. This complex is truly high-end. The facilities are probably close to the best in Melbourne. FYI - Owners Corp fees are some of the highest in Melbourne.

24.01.2022 Melbourne CBD - 7km Southern Cross Station - 6 stops, 15 minutes Newport Lakes Reserve - 3 mins walk Williamstown Village - 5 mins drive Williamstown Beach - 8 mins drive

24.01.2022 BUY 106 / 30 Springfield Avenue, TOORAK: Luxurious 3 Bedroom Residence. Located five kilometers from the Melbourne CBD and only a short walk from Toorak and Hawksburn Villages nestled within one of Toorak’s leafy streets, this three bedroom residence features kitchens with natural timber joinery, marble island benches and fully integrated Gaggenau appliances along with full functioning butlers pantry. Contact Mark to find out more - call 0403536390, email [email protected] or visit: www.compassea.com.au/property?property_id=310931. #NoBS #RealEstateAgency #Melbourne

24.01.2022 How to bid with confidence on auction day. Real Estate Institute of Australia president Adrian Kelly urges buyers to be informed before they jump in and start the bidding. Know your market... There are different requirements on whether a seller must set a price guide ahead of an auction dependent on which state the auction is being held in. In Queensland, it is illegal to provide a price guide ahead of an auction, whereas in Victoria it is required. In NSW, setting a price guide is at an agent’s discretion. But, price guide or no price guide, it is important for buyers to do their own research, Mr Kelly said. At the end of the day, it will be the buyer who is laying out their hard-earned money and it is the buyer who will determine the price, he said. Do your homework and get used to the process. Do your leg work A bid at auction is binding, so before you raise the paddle or your hand at an auction, make sure you have everything organised for the sale. Finance is the number one most important factor. Make sure the pest and building inspections are done beforehand and make sure you are in a financial position to make the purchase. Say hello Introduce yourself to the agent and auctioneer ahead of the start of the auction. That way you can disappear into the sidelines, but the auctioneer will keep an eye out for you. They will know you’re interested and there to bid, Mr Kelly said. Some states require you to register your attendance and take a number or paddle to participate. Make sure you are aware of the rules regarding registration in your area. Bid early Mr Kelly advises bidders to get in a couple of bids early to let everyone know you are serious. By the same token, don’t offer a bid of $500 if the bidding is progressing by leaps of $10,000. Offering small bids that are certain to not be successful slows the process down and won’t win you any friends at the auction. Know your limit Auctions can be exciting, but it’s important to know when to put down the paddle. Know what your limit is and be prepared to have a second limit if you need it, Mr Kelly said. If bidding fails to reach the reserve price, the property may be offered to the highest bidder at the reserve price, or a bidder may choose to make an offer for the seller’s consideration. While it is a good idea in this case to have been the highest bidder as you would be likely to be offered another chance at the property, Mr Kelly warned that anyone was free to make an offer after the property was passed in. Get a rep If the whole process is too stressful, get a professional in your corner to handle the whole bidding process. Armed with your limit, they will handle all of the auction-day action for you.

23.01.2022 In the final days that they have left to scramble for votes, both the Coalition government and Labor are focusing on the wrong elements to improve accessibility to home ownership, with both suggesting band-aid solutions,

23.01.2022 https://local.google.com/place

22.01.2022 This apartment has south-east facing floor to ceiling glass panels wrapped entirely around the living/kitchen area. The views across Albert Park Lake out to Port Phillip Bay are truly magnificent. FYI - you could sit back and watch the Grand Prix from either inside the living room or out on the balcony. Leighton Hewitt used to live directly above in the main penthouse apartment.

22.01.2022 The six most instagrammable places in Japan.

22.01.2022 Kids Under Cover Run Melbourne 2019 - show your support here: https://runmelbourne2019.everydayhero.com//run-for-cover-2

21.01.2022 https://www.facebook.com/groups/TheMyConnectCommunity/

21.01.2022 Melbourne’s record for its most expensive apartment transaction has been smashed with the $30 million sale of a two-story penthouse in Tim Gurner’s luxury Saint Moritz development in St Kilda.

19.01.2022 Philosophy & Values: Our community commitment is at the heart of everything we do. No other agency offers such an intimate local focus our passion for the area and our clients play an integral role in the way we conduct our business. We believe that if we do the very best for our clients every time, we will grow and prosper. Read more http://www.compassea.com.au/about and contact Mark by phone 0403536390 or email [email protected] to get a free market appraisal of yo...ur property. #NoBS #RealEstateAgency

19.01.2022 New home deposit guarantee will help first home buyers: HIA The Housing Industry Association (HIA) welcomes the news that banks will start accepting loan applications for the New Home Guarantee under the First Home Loan Deposit Scheme. The Housing Industry Association (HIA) welcomes the news that banks will start accepting loan applications for the New Home Guarantee under the First Home Loan Deposit Scheme.... The emphasis on new builds and an increase on the price caps for new homes means that it has never been a better time for Australians to think about building or buying a newly built home, said Kristin Brookfield, HIA Chief Executive Industry Policy. In the 2020-21 Federal Budget, the Australian Government announced an additional 10,000 places in the Scheme for the 2020-21 financial year to support economic activity and create jobs in the residential building sector. Today’s announcement that banks are now open for business and accepting applications is great news. The First Home Loan Deposit Scheme has proven to be a success since its inception with the first two allocations being well subscribed but it was obvious new home buyers were being disadvantaged by some of the scheme rules. The release of new fact sheets that outline the price caps, the time to take up the guarantee and the time to build, will help first home buyers move into a new home. The Government has also changed the eligibility criteria for the scheme to ensure a broad demographic can now access it. These changes include: providing an additional 10,000 places for new homes only, the places are only available until 30 June 2021 to stimulate building activity, property price caps have been increased in all states and regions, and timing under the scheme is better suited to support off the plan purchases and new building contracts. The Scheme provides critical support for first home buyers to overcome the deposit savings trap and achieve home ownership sooner. The time it takes to save a deposit is always a challenge for first home buyers, but today more than ever, combining this with tougher lending restrictions had meant first home buyers have been waiting years to achieve their home ownership dream. HIA has always argued Australians still hold close to their hearts the dream of owning their own home. Increasing the number of applicants able to access the Scheme will not only help to boost the economy, but will clearly help lower and middle income workers move into a home of their own much sooner.

19.01.2022 Fantastic 2 bedroom apartment in QV. Sold this one in 2 weeks.

18.01.2022 Newport Apartments - take advantage of stamp-duty savings, excellent location and facilities.

18.01.2022 When this woman met a little chick who was found on the streets of NYC, she didn't expect to fall in love. But Bree quickly showed his mom that they were meant to be family

18.01.2022 After creating a stir and much controversy since opening its doors in Australia, the fair fixed-fee network will wind up its business in this country.

17.01.2022 Compared to 12 months ago, listings were down by 11.9 per cent. "All capital cities experienced decreases in property listings over the month except for Canberra which posted a marginal 0.4 per cent increase," said SQM Research founder, Louis Christopher.

17.01.2022 The Western Bulldogs Community Foundation, in partnership with local Councils, are running a free 10 week program to improve men’s health and wellbeing through the Sons of the West program. To register your interest go to http://sonsofthewest.org.au/ All men aged 18 and over living, working and recreating in Melbourne’s west are invited to apply before April 15.

17.01.2022 "Youth homelessness matters to me because no one chooses to become homeless" Josh. Today is Youth Homelessness Matters Day. Learn more here bit.ly/YHMD2019 #YHMD2019 #YouthHomelessnessMattersDay2019

16.01.2022 Investing in Newport means taking advantage of a rare opportunity, with unbeatable local amenity nd connectivity, as well as positive signs for the future.

16.01.2022 This is an awesome experience on the Yarra!

16.01.2022 How long does it take to save a house deposit?

16.01.2022 Melbourne records highest rental vacancy rate in September During September the national rental vacancy rate across Australia was 2 per cent, according to SQM Research. Melbourne has the highest rental vacancy rate, according to SQM Research.... SQM Research has reported the national residential rental vacancy rate remained stable at 2 per cent over the month of September 2020. The total number of vacancies Australia-wide is now 70,389 vacant residential properties. This time last year, the national vacancy rate was slightly higher at 2.1 per cent. Most capital cities recorded declines in vacancy rates over the month except for Melbourne which again recorded an increase from 3.4 per cent in August to 3.8 per cent for September. The city has now surpassed Sydney as having the highest vacancy rate in the nation with an additional 2,316 vacant properties in Melbourne as stage 4 Covid-19 lockdown continues. Sydney’s vacancy rate remains stable at 3.5 per cent. SQM Research CEO, Louis Christopher said elevated rental vacancy rates in Sydney and Melbourne continue to push city rents downwards. Melbourne rents declined by 0.8 per cent for both houses and units over the month.

15.01.2022 How much does a bathroom renovation cost? Basically, the cost can be broken down into three price brackets: Budget: $5,000 - $15,000 Standard: $15,000 - $30,000 Premium: $30,000+... As a guideline, expect to spend in the region of: $5,000 - $15,000 for a budget or cosmetic renovation of a smaller bathroom using budget materials and fittings. $15,000 - $30,000 for an average sized mid-range bathroom renovation using mid-range materials and fittings. $30,000+ for a high end, premium or luxury bathroom renovation using top of the range materials and fittings. Let’s take a look at this in more detail, and what you get for your money. Budget bathroom renovation: $5,000 - $15,000 It is possible to do a bathroom renovation on a budget for around $5,000, but this will largely be cosmetic or involve swapping out a few items. Spending up to $15,000 will also involve some compromises, such as keeping all your plumbing and electrics in place. To stay in this budget you will also need to choose large format porcelain tiles in the $30 per square metre range - which are durable and available in a wide range of colours. If you are installing a new shower you will need to stick to a framed shower screen, as well as a standard back to wall toilet and floor mounted vanity. Standard bathroom renovation: $15,000 - $30,000 Budget $15,000 to $30,000 for your project - which is what most people spend, and you get better materials and fittings. You will have a larger range of tiles to choose from in the $50 per square metre range, and could even stretch your budget to more labour intensive mosaics in the shower cubicle. You could also upgrade to a semi-frameless or frameless shower screen, and choose a larger or fancier freestanding bathtub, and bathroom vanity. In terms of moving services, you can make some changes but not major alterations to plumbing or electrics. Premium or luxury bathroom renovation: $30,000+ Budget $30,000 and more and you are likely to want to completely overhaul your bathroom and make major changes to the layout and services. You may want to install a frameless shower screen, in wall cistern and wall hung vanity, as well as a luxurious freestanding bathtub. If you want the best tiles for your walls or floors then look at ranges of porcelain tiles in the $60 per square metre range.

14.01.2022 Top five upcycle ideas for backyard vegetable gardens. Australians continue to become more environmentally conscious than ever, limiting the use of plastics and disposable products, and upcycling wherever possible. This emerging trend is now making its way to the garden, with more Aussies getting creative with old household belongings to create their own unique veggie patch.... Not only does upcycling your old items save unnecessary waste making its way into landfill, it can also save you money, says Narelle Peart from Scotts Performance Naturals. There are items that may surprise you lying around the house that, with a little love and care can make a standard backyard unique. For those looking to get creative, Narelle has compiled her top five upcycling ideas for the backyard veggie garden: Colander hanger: If you have an old colander you’re no longer using, try turning it into a mini hanging garden. Colander hangers give your veggie garden a rustic look and are great for showing off those delicious strawberries or tumbling tomatoes. For best results, use a natural fertiliser rich in organic matter and high in nitrogen that is formulated for vegetables and herbs. Toilet paper roll seedling starters: Instead of throwing out empty toilet paper rolls, plant them in your garden. Toilet paper rolls are biodegradable and can make great seedling starters. Simply place your seeds inside the toilet roll with some seed raising and cutting potting mix, and grow indoors until they are ready to plant in the garden toilet paper roll and all. Gumboot planters: Gumboots aren’t just useful for keeping your feet dry in the rain, they also make fantastic DIY pot plants. Try using a variety of different coloured or patterned gumboots to create a quirky backyard vibe. To make the garden even more unique, gumboot planters can also be hung on the backyard fence or balcony. Polystyrene boxes and pallets: Polystyrene boxes and pallets are the perfect size for beginners who want to create their own veggie garden, especially if you have limited space. Simply save the polystyrene box from your last weekly meal delivery or ask your local hardware store if they have any old pallets. To make the most out of your box or pallet, ensure you use each layer to fill your mini garden with herbs, lettuce and other leafy greens. The sides of your polystyrene box can even be used as a vertical garden. Repurposed old furniture: During the next council clean up, make sure to check if anything could be repurposed for the backyard herb garden. An old chest of draws, wooden box or night stand can be great for planting herbs. As most furniture won’t come with a drainage hole, be sure to add a layer of pebbles to the bottom to help with drainage. Use a premium potting mix with the Australian Standard red tick to ensure your herbs grow strong and healthy.

13.01.2022 Budget extends a helping hand to first time buyers. There was good news for first home buyers in this year’s Budget announced on October 6. The First Home Loan Deposit Scheme will be extended to help an extra 10,000 first home buyers realise their dreams of homeownership....Continue reading

13.01.2022 Most Sought-After Aussie Suburbs for Buyers... Fresh data has pinpointed the five Aussie suburbs most in demand, with consistent price declines in some areas making them more attractive to home buyers. Realestate.com.au has released its July Property Outlook report, detailing the level of demand coming from homebuyers across the country. The report calculates demand by comparing the number of property views per suburb on realestate.com.au over the past six months against the ...average number of listings. According to the report, Allambie Heights, located on Sydney’s Northern Beaches, has topped the list as the most in-demand suburb in Australia, with a median price of $1.5 million for all dwelling types in the area. This was followed by Melbourne’s Middle Park, which holds a median price of $1.98 million, and Adelaide’s Crafers, which holds a median price of $732,500. Next up was another Sydney Northern Beaches suburb, Narraweena, which currently has a median price of $1.3 million, followed by Birchgrove, located in Sydney’s Inner West, recording a median price of $1.6 million. Commenting on the results, chief economist of realestate.com.au Nerida Conisbee said the two Northern Beaches suburbs which made the list are particularly sought-after by younger buyers. Allambie Heights and Narraweena are more affordable Northern Beaches suburbs, Ms Conisbee said. If you look at somewhere like Manly where the median price is nearly $3 million Allambie Heights and Narraweena aren’t that near the water, but they aren’t too far away, so comparatively they are more affordable. Looking ahead With Sydney’s median house price dropping by 7.7 per cent since April to $900,000, Ms Conisbee noted more buyers are increasingly looking to purchase property in the harbour city. According to the chief economist, Inner West suburbs such as Stanmore and Annandale, in particular, will be key areas to watch. NSW dropped off the list during the boom and we saw areas on the coast as more in demand, but now prices have dropped, these (Sydney) areas are more affordable to more buyers, Ms Conisbee said. These areas that are attractive to younger buyers aren’t traditionally premium suburbs (for NSW), but they are hipster suburbs that are gentrifying. They are also consistently low development areas and tend to have the kind of amenities younger buyers want and are at a more accessible price point.

13.01.2022 New Approach to Reduce Homelessness in Victoria... Nearly 60 Victorians experiencing chronic homelessness have moved into stable housing as part of a new initiative from the state government. Delivered in conjunction with Sacred Heart Mission, and NAB, the Journey to Social Inclusion program aims to deliver long-term housing and improved health and wellbeing outcomes for vulnerable Victorians.... It is expected the program will support 180 people over five years and is one of the Partnerships Addressing Disadvantage that bring together public, private and not-for-profit sectors to improve social outcomes. Victorian Treasurer Tim Pallas said the government was proud to contribute to impact investing in the state. "We’re thinking outside the box to improve outcomes for vulnerable Victorians," he said. Innovative financing models allow public funding to go further and to do more to help those who need it. A case study outlining the structure of the program’s new innovative low-cost financing model has just been released highlighting future opportunities for Government, service providers, philanthropists and other investors. The government has previously committed to creating 1,000 new public housing properties over the next three years and 500 new affordable rental properties delivered in 2019 through the $1 billion Social Housing Growth Fund. An additional $153.8 million over the next five years will be invested into homelessness services. This will see more on-site treatment services in crisis-supported accommodation, private rental assistance for over 6,000 Victorians who need it and the continuation of state-wide homelessness after-hours crisis services.

13.01.2022 Based on the three-month figures, combined capital city dwelling values have increased by 1.0 percent over the past three months while combined regional market values have continued to trend lower and are down by 0.6 of a percentage point, according to the housing data provider. Australian dwelling values have increased for the first time in almost two years, new data has shown. CoreLogic’s August home value index has found that Australia-wide, dwelling values increased by 0....8 of a percentage point over the month. It’s the first property value increase since October 2017, and it also represents the biggest value rise since April 2017. The improvement means the recent recovery of housing values accelerated over the month. The lift in housing values through August was substantial; however, the recent growth is a continuation of the trend seen throughout the year whereby value falls were consistently losing momentum, and have now started to rise, it was reported. For CoreLogic’s research director, Tim Lawless, the significant lift in values over the month aligns with a consistent increase in auction clearance rates and a deeper pool of buyers at a time when the volume of stock advertised for sale remains low. It is likely that buyer demand and confidence is responding to the positive effect of a stable federal government, as well [as] lower interest rates, tax cuts and a subtle easing in credit policy, he continued. Housing value increases were reported by CoreLogic for Sydney (1.6 per cent), Melbourne (1.4 per cent), Canberra (0.8 of a percentage point), Hobart (0.5 of a percentage point) and Brisbane (0.2 of a percentage point). Only three capital cities Adelaide (-0.2 of a percentage point), Perth (-0.5 of a percentage point) and Darwin (-1.2 of a percentage point) recorded value losses. Despite stronger city values, CoreLogic said that across the rest-of-state regions, only Victoria, Tasmania and the Northern Territory also saw value increases for the month. It was the third successive month of capital gain in Sydney, Melbourne and Hobart, and the second successive monthly increase in Brisbane, Mr Lawless also noted. While the ‘recovery trend’ is still early, it does appear that growth trends are gathering some pace, particularly in the largest capital cities, the researcher said. Over the rolling quarter, there’s been a national 0.6 of a percentage point lift, which is the first rise in values over a three-month period since November 2017, CoreLogic reported. Based on the three-month figures, combined capital city dwelling values have increased by 1.0 per cent over the past three months while combined regional market values have continued to trend lower and are down by 0.6 of a percentage point, according to the housing data provider.

13.01.2022 Claremont Manor 1 and 2 bedroom apartments for sale. Great rental return. Check out the surrounds of South Yarra in the video.

13.01.2022 Amazing Burwood location in a quiet cul-de-sac. Auction this Saturday 19 October from 11:30 am!

12.01.2022 Walking distance to an excellent array of amenities including local shops & cafes, Footscray Market & premium train station, Maribyrnong River, Victoria University, schools & kindergartens and only 5km from the CBD.

12.01.2022 Compass Estate Agents primarily offer real estate for sale in Spotswood, South Kingsville, Newport and surrounding areas. Contact Mark by phone 0403536390, email [email protected] or via www.compassea.com.au to discuss your next moooooove. #NoBS #RealEstateAgency #Melbourne

12.01.2022 Testimonials: "Thank you very much... Thank you for looking after my property! I have given your name to my friends who inquired about leasing/selling a propert...y. I look forward to working with you in the future." Megan Wang. See more: http://www.compassea.com.au/about-mark #NoBS #RealEstateAgency

11.01.2022 Interest Rates Tumble And Buyers Begin to Experience FOMO... The recent Reserve Bank cash rate cuts have sparked an interest rate war between the major banks and minnow second and third-tier lenders. According to the latest mortgage lending data smaller players have grabbed significant market share from two major banks, Westpac and ANZ but both won’t be taking this move laying down....Continue reading

11.01.2022 Chevron Apartments (http://www.chevronapartments.com.au/) - love this complex and this apartment! Right near the corner of St Kilda Rd Commercial Roads. Low-rise beautifully finished luxury living. I could live here!

11.01.2022 Happy New Year!

10.01.2022 Victorian homes continue to take very little time to sell, according to REIV President Leah Calnan.

09.01.2022 About Mark Thompson: A born and bred western suburbs resident, Mark combines an intuitive understanding of the local market combined with extensive knowledge and ability gained through many years living and working in the inner-western suburbs. Contact Mark at Compass Estate Agents - by phone 0403536390, email [email protected] or via the website http://www.compassea.com.au/about-mark. #NoBS #RealEstateAgency #Melbourne

09.01.2022 "On the other side of COVID-19 we will see real estate practices being much more efficient through the adoption of PropTech."

08.01.2022 Don’t let Covid-19 disrupt your sale - Increase buyer participation with our new sale and auction system. At Compass, we have devised a revolutionary Covid-19 risk reduction sale and auction process. When buyers feel safe and secure, they will submit offers and bid without reservation or reluctance. The original idea then subsequent plan came about after speaking with several doctors about appropriate risk management measures.... Contact Mark to discuss details - 0403536390 This is a genuine solution to the current challenges we face during the Covid-19 pandemic.

07.01.2022 Windsor Townhouse SOLD!

07.01.2022 Major Correction recorded in National Rental Market Vacancy Rates Surge and Rents Fall SQM Research today has revealed the national residential rental vacancy rate has recorded a large one month jump from 2.0% in March to 2.6% in April 2020, with the total number of vacancies Australia-wide now at 88,668 vacant residential properties.... All states recorded increases in vacancy rates with the exception of Darwin which recorded a 0.1% decline. The year on year comparison also revealed rises when the national rental vacancy rate in April 2019 was 2.3% compared to 2.6% recorded for April 2020, indicating the surge in vacancy rates is beyond seasonal rises. Among the largest rises are the capital city CBD locations, particularly for the Sydney CBD where the vacancy rate has blown out to 13.8% - a record high on SQM’s series. The Melbourne and Brisbane CBD locations have also recorded a huge rise in rental vacancies. Melbourne Southbank has risen to 13.0%. The CBD itself rose to 7.6%. Other holiday locations have also suffered with Surfers Paradise recording a vacancy rate of 8.5% and Noosa blowing out to 6.8%. Suburban areas have faired better though rises have been recorded for most localities around the country. Louis Christopher, Managing Director of SQM Research said, This is one of the largest one month rises ever recorded on our vacancy rates series. The blow out in rental vacancy rates for the major CBDs suggests a mass exodus of tenants occurred over the course of March and April. This might be attributed to the significant loss in employment in our CBDs plus the drop off in international students. We are well aware of a surge in short term accommodation now being advertised for long term leasing. The question now begs is how long will we see such high rental vacancies? If it is sustained Louis Christopher, Managing Director of SQM Research said, This is one of the largest one month rises ever recorded on our vacancy rates series. The blow out in rental vacancy rates for the major CBDs suggests a mass exodus of tenants occurred over the course of March and April. This might be attributed to the significant loss in employment in our CBDs plus the drop off in international students. We are well aware of a surge in short term accommodation now being advertised for long term leasing. The question now begs is how long will we see such high rental vacancies? If it is sustained

06.01.2022 Melbourne saw a substantial increase in scheduled volumes this week, with 188 homes taken to auction, up on the 59 auctions last week and the largest number of auctions in two months. Of the 143 results collected so far, 93 were successful and 14 were withdrawn, equating to a preliminary clearance rate of 65 per cent and a withdrawal rate of 10 per cent. Of the sold results collected, 27 per cent sold prior to the scheduled auction event, which was much lower than the recent ...trend where a high proportion of auctions have been selling prior to the auction being held rather than under the hammer. One year ago, 915 Melbourne homes were auctioned with 73.3 per cent selling.

05.01.2022 The sale of this period masterpiece was so enjoyable! The buyer instantly fell in love with the property. 7 Bedrooms, 3 bathrooms and room for 6 cars off-street parking!

05.01.2022 Thanks Dennis for entrusting me with the sale of these apartments on Flinders Street. Architects for 108 Flinders St were Fender Katsalidis. Lovely views from the living area and balcony across to the Botanic Gardens.

04.01.2022 The residence includes a splendid entrance, superb formal lounge and dining room and a chef’s kitchen with marble trimmings. To the rear of the house, there is a versatile retreat/entertainment space with spa, sauna, bathroom and kitchenette overlooking alfresco dining and pool.

03.01.2022 RBA Interest Rate Announcement April 2020 The Board reaffirmed the targets for the cash rate and the yield on 3-year Australian government bonds of 25 basis points, as well as the other elements of the package announced on 19 March 2020. The coronavirus remains first and foremost a very major public health issue, but it is also having very significant effects on economies and financial systems around the world. Many countries are expected to experience large economic contra...Continue reading

03.01.2022 BUY 26 Lyra Walk Principle, Point Cook: Modern Comfort and Style This three bed, two and a half bathroom abode on split levels exudes modern comfort and style. It comes complete with inviting undercover entry and two-car garage. Contact Mark today - call 0403536390, email [email protected] or visit: http://www.compassea.com.au/property?property_id=274301to find out more.... #NoBS #RealEstateAgency #Melbourne

03.01.2022 Free Market Appraisal http://www.compassea.com.au/market-appraisal. How much is your property worth? #NoBS #RealEstateAgency #Melbourne #Spotswood

02.01.2022 3 bidders at auction. Lots of post auction negotiations. Vendor was very happy with the price. He sat in the cafe a few doors down, casually sipping a latte while I conveyed offers back and forth until we achieved the sale. It took about 2 hours after the auction finished to finalize the sale and sign contracts.

02.01.2022 Melbourne was host to 588 auctions for the week ending August 18, returning a preliminary clearance rate of 78.3 per cent. CoreLogic expects the revised figure to stay above 70 percent for the first time since May 2017.ined capital city rate of 76.6 percent.ext with 81.7 percent from 444 auctions. Over the same week last year, a clearance rate of 54.0 per cent was recorded across 860 auctions. ... Real Estate Institute of Victoria CEO Gil King said the city's auction market was evenly spread across Inner and Middle Melbourne. "The number of auctions held evenly matched for Inner and Middle Melbourne last week, both holding 166 auctions each, with an average clearance rate of 80 per cent," he said. "The top three suburbs all cleared their listings, Kew with 11, Doncaster East sold nine and Mount Waverly with eight. Last week, a record auction price for 2019 in Victoria took place in 19 Sargood Street in Toorak, which sold for $7,050,000. The previous week saw 500 homes taken to auction across the city, returning a final clearance rate of 72.3 percent.cent.or markets. CoreLogic's weekly market wrap revealed Canberra returned a preliminary clearance rate of 81.8 per cent from 24 auctions, while Sydney was next with 81.7 per cent from 444 auctions. Three other capital cities recorded preliminary rates of above 70 per cent, contributing to a combined capital city rate of 76.6 per cent. CoreLogic expects the revised figure to stay above 70 per cent for the first time since May 2017.

02.01.2022 This was an awesome sale! The owners made it much easier for me with their flair for interior design. Every single person who inspected the property during the campaign commented on the interior and the rear entertainment area.

02.01.2022 RECENTLY SOLD* 9 Siracusa Avenue, Point Cook: Large Family Home + Room To Grow. Blissfully quiet and in a lovely location.. *Visit the website to see details: http://ow.ly/ZoVQ50ptDep and contact Mark by phone 0403536390 or email [email protected] to get a free market appraisal of your property. #NoBS #RealEstateAgency #Sold

01.01.2022 LOVE Venice on the Yarra!

01.01.2022 Recently Sold http://www.compassea.com.au/recently-sold - call 0403536390 or email [email protected] Mark Thompson to find out more. #NoBS #RealEstateAgency