Melbourne Property Market Update – April 25th, 2015
By Peter Sarmas on 25 Apr 2015
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Photo Source: Architectureau.com
Inflation adjusted home value growth
Sydney and Melbourne are the only capital cities where dwelling values have risen at a faster pace than inflation over the past five years. Cameron Kusher of CoreLogic RP Data talks about the real change in home values from a housing market perspective.
One fifth of inner city Melbourne properties sold for a loss
New data indicates that nearly a fifth of property resales within Melbourne’s inner city area incurred losses for vendors during the December quarter of 2014. Marc Howe of Sourceable Industry News reports on Melbourne’s inner city real estate market data.
What’s affecting Australia’s property market?
There are many aspects of Australia’s economy that directly affect the property market. Alastair Lynn of Your Investment Property comments on a range of factors including construction, housing finance and more.
REIV reports the 2015 property market has begun solidly, buoyed by low interest rates, with the cash rate kept on hold by the Reserve Bank. Read the full report from Enzo Raimondo covering Melbourne and regional Victoria.
RBA – Willing to lower rates further, but may not be that effective
Martin North of Digital Finance Analytics talks about Glenn Steven’s (RBA) speech, The World Economy and Australia, given in New York to The American Australian Association. Read his comments and the speech transcript covering the world economy and conditions in Australia.
How co-housing could make homes cheaper and greener
Could co-housing be a solution to urban sprawl and housing affordability problems facing Australian cities? Read ArchitectureAU’s report from researcher Caitlin McGee and professor Suzanne Benn who talk about how this underused housing model could lead to financial, social and environmental benefits for its residents.
