Melbourne Property Market Update – August 23, 2014
By Peter Sarmas on 23 Aug 2014
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The Reserve Bank has confirmed that the official cash rate is likely to remain on hold for some time and that the outlook for the economy is uncertain.
• Despite a stream of negative predictions in the property market, Peter Sarmas argues against a collapse, citing improved consumer confidence and a rise in investment activity as reasons for ongoing strength.
• Investment expert Pete Wargent goes one step further, unpacking the RBA’s latest meeting minutes to find out what they suggest about future cash rate decisions.
• First home buyers can hit a significant hurdle in their search for a home – that $600,000 stamp duty limit. Cate Bakos explores what it means to bid at auction with that restriction in mind.
• And it’s difficult to think about, but what do you do if your tenant dies? How do you minimise the financial fall-out while remaining sensitive and compassionate?
