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W. B. Simpson & Son Principal and REIV President, Richard Simpson talks to Channel 9’s A Current Affair about the “Sunset Clause” and its impact on buyers of off-the-plan properties.  Click here to watch full story.

House prices have more than quadrupled in Melbourne and tripled in Sydney over the past 20 years, as the southern city outpaced the Harbour city. Many people are moving to Melbourne because of the attractive house prices and lifestyle the city offers. President of Real Estate Institute of Victoria Richard

W. B. Simpson & Son Principal, Richard Simpson has been elected as President of the Real Estate Institute of Victoria (“REIV”). Richard is a fifth-generation real estate agent and has been heavily involved with the REIV over many years, including serving as Senior Vice President on the previous board. He has

For the 13th consecutive month, the Reserve Bank of Australia (RBA) has decided to leave the official cash rate on hold at 1.5%. At last month’s Board meeting, the RBA indicated that an ongoing period of rate stability should help the domestic economy achieve sustainable growth over the medium term.

MELBOURNE’S auction market has had its best ever start to a year, with a record number of homes going and selling under the hammer in the first half of 2017. New Real Estate Institute of Victoria figures show 17,638 auctions have been held in Melbourne since January 1, hammering the

A RARE one-bedroom house in North Melbourne has fetched $1 million in its first sale since 1979. The price was a whopping 50 times the $19,750 figure last achieved by 8 Baillie St 38 years ago, according to CoreLogic records. W.B. Simpson & Son auctioneer Richard Simpson said eight bidders fought for