Melbourne Property Market Update – November 9, 2013

By Peter Sarmas on 9 Nov 2013
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Warnings about self-managed superannuation funds have been rampant in the media over the last week. Now the Australian Securities and Investments Commission wants to ensure property investors are seeking advice from appropriately licensed financial experts.  

• Peter Sarmas also took a look at SMSFs this week, particularly what effect they could have on the housing market and first home buyers as they increase in popularity.

• Auction activity is expected to heat up again following a sluggish Cup week. Cate Bakos considers what you should do when an auctioned property might be out of your reach.

• There is a notion that the Chinese community is buying all of our property. Louis Christopher firmly dispels this misguided viewpoint.

• Gai Waterhouse was all smiles when she walked away with the Melbourne Cup this week. But is she planning a move away from her beloved Sydney headquarters?

• Finally, the annual Abbotsford Convent Open Day is on this Sunday. Members of the public can spend a free day exploring the grounds or having a picnic, while live music, circus performances, pop-up shops and food trucks will be available on site.

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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