News

What Does Another Interest Rate Cut mean for you?

After hearing almost no news for nearly three years, the Australian Reserve Bank (RBA) is on the move cutting the official cash rate a new historic low last month the RBA has once again cut the cash rate in July to an even 1%. That was in line with the majority consensus from Australian economists, […]

Rental Market Update Q2 2019

Overview: For the first time in seven years, rent prices have fallen, with the latest Domain Rental Report data showing the median price fell by 2.3 per cent to $430 over the past three months. The drop-in house rents come after five years of substantial growth which saw rental prices rise by 13 per cent […]

Is the property slump over?

The week ending on 23rd of June recorded a clearance rate of 70 per cent compared to 69 per cent the previous week and 64 per cent during the same time last year. There were 479 auctions reported to the REIV, with 334 selling and 145 being passed in, 66 of those on a vendor […]

The importance of remaining educated in a fluctuating market

Following the high profile exit of Purple Bricks from Australia and the widely publicised housing market downturn, it begs the question as to how real estate agents can successfully conduct business in Melbourne’s fluctuating real estate industry. There has not been any significant changes to the job description but rather, it is the industry itself […]

In today’s market, should you auction your property or sell privately?

When it comes to selling your property there are many things to consider in the process, but it all begins with the big question, do you go to auction or go down the private sale route? Selling a property for a high price is the desired outcome for both the vendor and the real estate […]

The fallout from the Royal Commission and the ripple effect

The Royal Commission has sparked fresh discussions in Australia surrounding mortgages, in particular, what it means for homeowners who are currently paying interest only loans and how this will shape the Australian property market in years to come. In-depth investigations during the commission put newfound pressure on Australian Financial Institutions to significantly improve their lending […]

Mothers Day Competition

Mothers Day is fast approaching so why not treat mum to a delightful afternoon tea. Win a voucher for two people for Afternoon Tea at Alexander Bar at The Savoy Hotel on Little Collins. Address: 630 Little Collins Street Melbourne VIC 3000 Australia Indulge in a classic afternoon tea featuring fresh scones, homemade quiches and […]

Easter Colouring Competition

Join our Easter Colouring Competition! Win a $40 Smiggle Parcel given to the winners of each age group category. All you have to do is click the link below and show off your best colouring skills Please submit your entry by 18th of April by posting on your facebook and tagging Xynergy Realty Altona or handing it in at our […]

Confidence During Uncertainty

By Joshua Nicotera - Property Sales Consultant In Melbourne, many homeowners are closing in on their “zero hour". It has been well documented in recent months that the property market has taken a downturn. Prices have fallen by a median 5.80% in Melbourne or 4.10% nationwide (year to date) by the end of November 2018. [...]

Common Misconceptions Debunked About The Overseas Investor

It’s hard to deny that house prices in Melbourne and Sydney are through the roof. And it’s not uncommon to hear people blame the government’s ‘relaxed’ rules for foreign investment in Australia. And more often than not, overseas investors are misunderstood and seen as purely negative. People are quick to make assumptions and get angry […]