Melbourne Property Market Update – December 27, 2014

By Peter Sarmas on 27 Dec 2014
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Why are property sellers achieving excellent results at auction and selling their homes under the hammer rather than by private sale? Melbourne lived up to its reputation as Australia’s auction capital with a record-breaking year in 2014. About 40,000 auctions were held – a new record, up from 34,500 last year and beating the previous record of 34,619 set in 2010.

Find out how the class order that ASIC released to facilitate term deposits will affect you. ASIC will continue to work with industry to help ADIs meet the relief conditions, including carryover of arrangements from the previous no-action position to the class order, while ensuring consumer protection.

What made 2014 a groundbreaking year for vertical greenery? Architects and developers continue to inject greenery into high-rise buildings as the concept becomes far more common. View impressive examples of vertical greenery from around the world, including Sydney Australia.

Find out the results of the NAB Quarterly Australian Commercial Property Survey and what is driving these results. How was the retail sales growth affected and what are the key developments likely to be among states and sectors?

The results are in! BCI Economic’s latest report on the green building markets of Australia and New Zealand in 2014 surveyed the opinions and experiences with respect to green building of over 200 developers, architects, builders and subcontractors in both countries during the period from March to May 2014.

In a year like no other relating to development, we’ve witnessed an ever increasing batch of highly impressive projects come into the pipeline, while the overall construction scene has never been busier. Agree or disagree on Urban Melbourne’s view of the good, the bad and the ugly in 2014.

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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