Melbourne Property Market Update – September 6, 2013

By Peter Sarmas on 6 Sep 2013
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The Week in Property – September 6, 2013

Photo: Dean Ward

After a strong winter selling season, property experts believe the Melbourne market will see a record number of auctions in spring. The prospect of a more stabilised government after this Saturday’s federal election is also likely to have a positive effect on the property market.

• In our weekend auction summary, Peter Sarmas consider the impact the election will have on the property market, as well as business and consumer confidence.

• Buyer’s advocate Cate Bakos considers buying in Ballarat, and why the regional city presents a great investment opportunity.

• Sleepy and neglected Port Melbourne has transformed itself into one of Melbourne’s premier suburbs.

• The house used in classic comedy film Ferris Bueller’s Day Off is on the market again, though the owner has been forced to slash its selling price.

• And the Asian Food Festival has hit Melbourne once again. Restaurants across the city will celebrate the six week event with multicultural buffets, cooking competitions and pop-up markets.

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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.