Melbourne Property Market Update – August 30, 2014
By Peter Sarmas on 30 Aug 2014
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The City of Sydney has introduced an exciting new recycling measure
Photo: Orchard Road
Australian property prices continue to surge, leading us to wonder: just what is driving demand?
• According to demographer Bernard Salt, it has nothing to do with population growth, and everything to do with how we form our households. In his weekly market commentary, Peter Sarmas explores this interesting new theory.
• It’s upsetting when you’re the underbidder during a property auction, but this can be a blessing in disguise. Cate Bakos experienced this recently with two clients searching for a home in Melbourne’s inner north.
• The domestic economy is set for its weakest four-year period since the 1990s recession, according to a recent report. Economic forecaster BIS Shrapnel explains exactly why this is happening.
• Sydney has introduced a game-changing new recycling measure – and we could see it in Melbourne before long.
• And finally, would you pay more to live in a house that used to belong to a movie star? Real estate website Movodo claims that you would – it just depends on the celebrity.
