Melbourne Auction Results

Rental Market Poses Threat to Investors

By Peter Sarmas on 15 May 2016 No Comments yet, your thoughts are very welcome

The latest CoreLogic April rent review released last week shows rents increased slightly (0.1%) in April, however overall , capital city rental rates edged lower, falling 0.2% over the past 12 months. The report showed five of the eight capital cities saw a modest rise in rents with Sydney rising 1.4% and Melbourne 1.7%. ...

Interest Rates Fall and Budget Affects Super Funds

By Peter Sarmas on 8 May 2016 No Comments yet, your thoughts are very welcome

Tuesday the 3rd of May last week became a very historic day on two fronts when at 2.30pm the Reserve Bank of Australia announced an interest rate cut of 0.25% to an all-time low cash rate of 1.75%. Later on the same day Treasurer Scott Morrison released ...

Clamping Down on Foreign Buyers Could Affect Property Market

By Peter Sarmas on 1 May 2016 No Comments yet, your thoughts are very welcome

The second interesting bit of news this week was the big hit to foreign buyers. Not sure whether some of these new regulations are politically motivated but it seems the timing of this clamping down on lending to foreign buyers and the impending election on July 2nd seems very coincidental. ...

Cheap Money Spurs on Melbourne Market

By Peter Sarmas on 17 Apr 2016 No Comments yet, your thoughts are very welcome

Melbourne Auction Results 17th April 2016 73% Clearance Rate 761 Reported Auctions Sold at Auction: 559     Passed in: 202     Sold Before: 107     Sold After: 1                 A clearance rate of 73 per cent was recorded this weekend compared to 73 per cent ...

Twenty Percent of Apartments Resold at a Loss

By Peter Sarmas on 3 Apr 2016 No Comments yet, your thoughts are very welcome

There is a distinct separation between the price growth of detached homes and apartments. Melbourne apartments are seeing a 20% fall in value upon resale. ...

Is Australia Becoming a Nation of Landlords and Tenants?

By Peter Sarmas on 20 Mar 2016 No Comments yet, your thoughts are very welcome

Last week saw a raft of some very important economic news and over the weekend the property market was put to the test when over 1700 properties auctioned. ...

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