Melbourne Property Market Update – June 22, 2013
By Peter Sarmas on 22 Jun 2013
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While the colder months often signal a slowdown in property, the news has been full of positivity this week. According to a recent survey, twice as many Australians are eager to buy now compared to the same time last year. Auction clearance rates have also been trending upwards since December 2012.
• In her weekend auction wrap, Catherine Cashmore notes that Melbourne auctions are starting to openly surpass their reserves. However, she suggests that buyers should proceed with caution before making a purchase.
• Research reveals that bad odours could be costing sellers property sales.
• Buying in an area outside your neighbourhood can help you maximise the benefits of owning an investment property. Greville Pabst explains some key considerations.
• By the time 2020 rolls around, Generation Y will be one of the main groups driving property demand, influencing a shift in how our housing and suburbs work.
• And if your house feels just a little bit too ordinary, take a look at some of the most bizarre homes around the world.
