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Melbourne Auction Results – July 28, 2014

By Peter Sarmas on 28 Jul 2014 No Comments yet, your thoughts are very welcome

Property agents are anticipating a strong August as vendors try and beat the spring rush. This winter’s consistently strong Melbourne property auction clearance rate has set the tone for what’s expected to be a positive finish to the year. Building activity data released earlier this week by the ABS shows that the recent property boom in dwelling approvals ...

Melbourne Property Market Update – July 26, 2014

By Peter Sarmas on 26 Jul 2014 No Comments yet, your thoughts are very welcome

Though the property market has slowed down due to the chilly weather, house prices have jumped in many of the capital cities. In fact national house prices grew 10 per cent over the financial year. In his weekly market commentary, Peter Sarmas considers how the property market performed during the June quarter ...

Melbourne Auction Results – July 21, 2014

By Peter Sarmas on 21 Jul 2014 No Comments yet, your thoughts are very welcome

While we were once witnessing 1,000 property auctions on a single Saturday, we’re now seeing fewer than 500 auctions on a weekend, which is reflective of the colder months and the belief that better prices are achieved during the spring selling period (though this is not always the case) ...

Melbourne Property Market Update – July 17, 2014

By Peter Sarmas on 19 Jul 2014 No Comments yet, your thoughts are very welcome

As mining investment diminishes, the only significant industry driving the Australian economy at the moment is the property sector. This is being reflected in the lift in retail sales, real estate transactions and property construction. This week, Peter Sarmas discusses why he doesn't believe we are entering a housing bubble ...

Melbourne Auction Results – July 14, 2014

By Peter Sarmas on 14 Jul 2014 No Comments yet, your thoughts are very welcome

Now I don’t mean to sound like a spruiker but this is a question that’s been plaguing the property media for some time. It has left many potential Melbourne property buyers and sellers very uncertain. As well as briefly discussing the Melbourne property market over the weekend, I thought we would take a look at why I don’t believe we are entering a housing bubble ...

Melbourne Property Market Update – July 12, 2014

By Peter Sarmas on 12 Jul 2014 No Comments yet, your thoughts are very welcome

The RBA’s monthly decision on interest rates is expected to administer a period of increased stability in rates until 2015. Yet the household debt to income ratio is at an all-time high as dwelling prices rise and borrowing increases. Peter Sarmas discusses the RBA's decision and the impact it might have on the property market ...

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