Melbourne Property Market Update – December 12th, 2015

By Peter Sarmas on 13 Dec 2015
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Photo Source: dailytelegraph.com.au Michael and Kyly Clarke’s property

Why Melbourne Should Give Suburban Apartments A Chance

Would you consider buying a townhouse or an apartment in the suburbs?
Suburban apartments are gaining momentum as residents opt for a smaller footprint, less maintenance and location, location, location. Find out why they are a much-needed housing option for today’s suburban resident.

Broker Group Launches App To Shake Up Real Estate Industry

Award-winning interstate broker group, N1 Finance, has partnered with online real estate portal, Seekahome, to create a new app to shake up the real estate market. The DIY property renting app, Snailapp, aims to connect landlords directly with potential tenants by allowing them to create and post rental listings for free on the platform. Read more in the report from Australian Broker.

ATO Demands Decades Of Property Records In Foreign Buyer Investigation

Foreign investors looking to buy Australian real estate recently became subject to stricter laws. The Australian Taxation Office (ATO), which was handed more powers to investigate foreign buyers under the Foreign Acquisitions and Takeovers Legislation Amendment Bill 2015, is set to comb through decades worth of property records in an attempt to discover illegal purchases. Your Investment Property looks at a report from Fairfax media outlets.

The Vicious Circle Of Stamp Duty

Do you know the impact the cost of stamp duty has on household finances? Find out in this article from Martin North of Digital Finance Analytics in which he shares a report and the results contained in the HIA’s Summer 2015 edition of Stamp Duty Watch publication.

It Will Take More Than Piecemeal Reforms To Convince Older Australians To Downsize

What are the barriers that prevent older Australians from downsizing into a smaller or cheaper property? Many older Australians are living in larger dwellings than they need after their adult children leave the family home. Martin North shares a report from the The Conversation.

Australian Celebrities Who Have Made Their Multimillion-Dollar Moves In 2015

Australia’s cashed up glitterati call some of the country’s most glamorous addresses their home sweet home, but that doesn’t mean they stay put when they see something better come along. A hot property market in 2015 has lead to a lot of landmark exchanges for the rich and famous in Australia. Find out which celebrities changed addresses.

 

About the Author

Peter Sarmas is a Certified Property Investment Advisor (PIAA) and Vendor/Buyer Advocate. Before becoming the founder of Street News, Peter completed a Degree in Applied Science (Chemistry) and a Graduate Diploma in Property Valuations (Hons). Peter believes property investing is a major and potentially risky undertaking. In his view, everyone should have an independent person acting on their behalf when seeking property investment advice.

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