By Peter Sarmas on 8 Sep 2014 No Comments yet, your thoughts are very welcome
The REIV expects a bumper September as more than 2,100 properties will be auctioned over the next two weekends, surpassing last year’s 1800 property auctions for the same period, a true test for Melbourne's property market. Will the new supply meet demand, or will there be a rush of new property buyers ...
By Peter Sarmas on 6 Sep 2014 No Comments yet, your thoughts are very welcome
Spring time is finally here, which means homes will begin flooding the market. So what does this mean for those attempting to buy a property? In his weekly market commentary, Peter Sarmas spoke to several real estate agents around Melbourne. They believe the change in the market is creating good buying opportunities ...
By Peter Sarmas on 1 Sep 2014 No Comments yet, your thoughts are very welcome
Melbourne auction results show passed in properties have sold on the day or within a day or two of the auction, but I believe we will see less of this going forward with second grade stock, especially as property listing numbers are set to increase over the Grand Final weekend. This is a very bad time to be auctioning a property ...
By Peter Sarmas on 30 Aug 2014 No Comments yet, your thoughts are very welcome
Australian property prices continue to surge, leading us to wonder: just what is driving demand? According to demographer Bernard Salt, it has nothing to do with population growth, and everything to do with how we form our households. In his weekly market commentary, Peter Sarmas explores this interesting new theory ...
By Peter Sarmas on 25 Aug 2014 No Comments yet, your thoughts are very welcome
The latest general consensus from what we are hearing and seeing on the ground is that the Melbourne property market is far from even. Some Melbourne properties are attracting 50-plus buyers and multiple bidders, while others aren’t attracting any bidders at all. It’s all about the quality of property and area at the moment ...
By Peter Sarmas on 23 Aug 2014 No Comments yet, your thoughts are very welcome
The Reserve Bank has confirmed that the official cash rate is likely to remain on hold for some time and that the outlook for the economy is uncertain. Despite a stream of negative predictions in the property market, Peter Sarmas argues against a collapse, citing improved consumer confidence and a rise in investment activity as reasons ...
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