Once again, it has been widely promoted that the drop in interest rates is “good news” for the housing market. Wayne Swan is taking ample credit as he attempts to persuade public ears that record low rates are solely down to responsible fiscal policy. In a brief break with tradition, NAB was the first to pass on the cut in full, followed closely by CBA, St George and Westpac ...
Another strong clearance rate of 71 per cent was recorded this weekend, once again giving foundation to the improved trend we’ve encountered since the beginning of the year. Unless Melbourne experiences a dramatic drop in stock over the winter months, it’s likely we’ll remain on the current path for the inner and middle ring suburbs ...
A clearance rate of 71 per cent has been recorded this weekend, which is quite a jump from last week’s revised 65 per cent – though some results are still pending. The latest median house data from Australian Property Monitors has indicated a 3.6 per cent rise for Melbourne’s median house price over the quarter, taking it to $538,922. Considering most economists had tipped Melbourne as a weak market due to inflated levels of housing supply ...
The housing market in Melbourne is starting to relax into a pattern of relative consistency. Last week’s clearance rate was reduced to 68 per cent once all results had been collected. This week, a clearance rate of 66 per cent was recorded. For the year to date we’re still holding steady at 69 per cent ...
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