By Peter Sarmas on 5 May 2014 No Comments yet, your thoughts are very welcome
With the Federal Budget soon to be announced there are a few dark clouds lingering over the property market, yet there are still no signs of the property market abating if the weekend results are anything to go by. As it is important to recognise that the Melbourne property market has experienced a record number of auctions already, this year ...
By Peter Sarmas on 28 Apr 2014 No Comments yet, your thoughts are very welcome
The Anzac long weekend produced the lowest clearence rate for the year and the enormous inequalities in the market could be to blame. As reported by The Age over the weekend, medium-to-large family residences and some entry-level properties could face reduced demand over winter ...
By Peter Sarmas on 22 Apr 2014 No Comments yet, your thoughts are very welcome
Over the four day Easter holiday only 35 properties were auctioned in Melbourne. Surprisingly, even this is a high amount given that many appear to have headed away for a break or were busily preparing for Easter Sunday. Unsurprisingly, due to the low auction numbers no clearance rate was recorded by the REIV ...
By Peter Sarmas on 14 Apr 2014 No Comments yet, your thoughts are very welcome
This weekend drawn to a close the busiest first quarter of auctions in Melbourne's history. More than 1,500 properties went under the hammer this weekend in what has been the eighth consecutive week of 1,000 plus properties going to auction. ...
By Peter Sarmas on 7 Apr 2014 No Comments yet, your thoughts are very welcome
The big news over the weekend was the launch of new Swedish mega store H&M. This global retail clothing store is breaking the Australian misconception that traditional bricks and mortar sales are going down the toilet. But what has this got to do with last weekend’s auction results? Very little and quite a lot ...
By Peter Sarmas on 31 Mar 2014 4 Comments
With nearly 200 results still to be followed up by the institute there are signs that we are seeing a more steady market in Melbourne rather than one that is booming, with pass-ins being noted in a number of Melbourne's inner and outer suburbs ...
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