Melbourne Auction Results

How Will the New Budget Affect Property Prices?

By Peter Sarmas on 15 May 2017 No Comments yet, your thoughts are very welcome

In what's been the worst kept secret the Australian Govt released the Budget last week. We discuss how these new proposed measures will impact the property. ...

Proposed New Budget Plans will be a Disaster

By Peter Sarmas on 1 May 2017 No Comments yet, your thoughts are very welcome

In the latest attempt to win votes Mr Scomo has hatched a new idea to help the besieged first time buyer market. Eight days out from the Federal Budget, the Government’s plan is to allow buyers who want to enter the housing market to direct pre-tax income into a savings account for a deposit. Wow! ...

New Population Figures Has Doomsayers Seeing Red

By Peter Sarmas on 26 Mar 2017 No Comments yet, your thoughts are very welcome

At this rate, the ABS projects Victoria’s population to grow to 9.9 million by 2056, with Melbourne’s population equaling that of major cities like New York. This raises many questions about whether Victoria is ready for such growth. ...

The Misinformation on Australia’s Affordability Crisis

By Peter Sarmas on 20 Mar 2017 No Comments yet, your thoughts are very welcome

Housing Affordability has become a political centerpiece for both State and Federal governments, with voters exerting enormous pressure to bring “The Great Australian Dream” within reach, especially for first home buyers. Whether new measures by government will increase housing affordability remains to be seen. ...

RBA: More Rate Cuts Threaten Financial Stability

By Peter Sarmas on 26 Feb 2017 No Comments yet, your thoughts are very welcome

The Reserve Bank Governor addressed parliament last week. The gist of his speech was that he remained concerned about rising household debt levels with little or no wage growth. Mr Lowe discussed the challenges of stimulating the Australian economy further and creating a potential “dangerous” situation, as a result of further rate cuts. ...

Will Melbourne Property Prices Continue To Rise?

By Peter Sarmas on 5 Feb 2017 No Comments yet, your thoughts are very welcome

A big driver of Melbourne property prices has been its population growth. Respected economist Saul Eslake points out that in contrast to other states, population growth in Victoria is accelerating (reaching a seven-year high in mid-2016). Eslake says "even though there is a lot of new supply coming on-stream in Melbourne, prices could still keep rising during 2017, albeit at more moderate rates.” ...

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