Melbourne Property Market Update – July 12, 2014

By Peter Sarmas on 12 Jul 2014
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Melbourne Property Market Update – July 12, 2014

Photo courtesy of: Flickr creative commons/Paul Stewart

The RBA’s monthly decision on interest rates is expected to administer a period of increased stability in rates until 2015. Yet the household debt to income ratio is at an all-time high as dwelling prices rise and borrowing increases.

• Peter Sarmas discusses the RBAs monthly decision on interest rates and the impact it may have on the property market. Meanwhile he also juggles three clients with substantially diverse requests.

• The pocket sized suburb of Albion may be the net in thing. Has buyer’s advocate Cate Bakos, found an affordable alternative?

In response to community feedback regarding City of Melbourne’s heritage strategy, a number of steps have been taken to ensure Council are at the forefront of Heritage strategy and conservation.

• The rise of Asian property developers in the Melbourne market has led to an unprecedented number of development sites offered for sale

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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