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Property in Mill Park is Improving

By Peter Sarmas on 11 May 2013 No Comments yet, your thoughts are very welcome

Welcome to our very first local insights blog. We will be using these posts to offer weekly tips about how to read the property market. You will also find rare insights never before revealed by industry experts. When reading these local reports, it's important to note that real estate markets differ ...

Melbourne Property Market Update – May 11, 2013

By Peter Sarmas on 11 May 2013 No Comments yet, your thoughts are very welcome

It has been an interesting time in the property market this week. The RBA shocked many by cutting 25 basis points from the official cash rate. Even more surprising was the fact that all banks passed on the full rate cut, which is great news for home buyers and mortgage holders ...

RBA Drops Rates to Record Lows

By Peter Sarmas on 9 May 2013 No Comments yet, your thoughts are very welcome

The Reserve Bank (RBA) surprised many with the move Tuesday to slash interest rates by 0.25 per cent to their lowest level on record of 2.75 per cent. The official cash rate is now lower than it was post-GFC, when the RBA took emergency steps to encourage borrowing and spending with big 100 basis point rate cuts. ...

Housing Construction Rises By 4.2 Per Cent

By Peter Sarmas on 8 May 2013 No Comments yet, your thoughts are very welcome

New housing construction rose in March compared to February according to the latest New Home Sales survey, commissioned by the Housing Industry Association (HIA). The survey, released in May, incorporates Australia’s largest volume of builders. It revealed that seasonally adjusted new home sales rose by 4.2 per cent in March 2013, and new house sales ...

Victorian House Prices Stronger

By Peter Sarmas on 3 May 2013 No Comments yet, your thoughts are very welcome

The latest NAB Quarterly Australian Residential Property Survey revealed that Victorian home owners and local industry experts are optimistic about the future of the state's housing market. According to the report, which surveyed around 300 panelists nationally, Victoria's housing market is set for clearer skies ...

FHOG a Double Edged Sword

By Peter Sarmas on 23 Apr 2013 No Comments yet, your thoughts are very welcome

Ahead of their state budget, the Victorian Government announced changes to the First Home Owner Grant (FHOG) as well as further concessions to stamp duty. According to the government, first home owners purchasing a newly constructed house or apartment will receive a $10,000 cash grant, effective July 1 ...

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