Melbourne Auction Results

Hangover Stock Brings About Buying Opportunities

By Peter Sarmas on 26 Feb 2018 No Comments yet, your thoughts are very welcome

This week Melbourne's auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms.... ...

Where is The Property Market Heading?

By Peter Sarmas on 12 Feb 2018 No Comments yet, your thoughts are very welcome

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch? ...

Concerns Over Our Economic Future But No Crash

By Peter Sarmas on 27 Nov 2017 No Comments yet, your thoughts are very welcome

This week as well as discussing how the Melbourne and Sydney property markets are faring I will also briefly chat about what I gleaned from my lunch with Bill Evans. ...

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

By Peter Sarmas on 13 Nov 2017 No Comments yet, your thoughts are very welcome

New Research released last week by Roy Morgan shows that people who don't own a home have become worse off in terms of their net wealth and are jeopardising their retirement. ...

New Stamp Duty Laws Sees Boom in First Home Buyers

By Peter Sarmas on 30 Oct 2017 No Comments yet, your thoughts are very welcome

Melbourne Market Wrap March 30th October, 2017   If ever there was a time when we would see the property market in Melbourne correct this weekend was it.You see the REIV reported a record 1935 auctions to be held over the weekend in Melbourne. Of those, 1462 were actually reported and 73% were sold rate ...

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

By Peter Sarmas on 16 Oct 2017 No Comments yet, your thoughts are very welcome

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff? ...

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