By Peter Sarmas on 3 May 2015 No Comments yet, your thoughts are very welcome
In this week's market wrap Peter Sarmas talks about this weekend's bumper real estate auction results and clearance rate. 905 properties were auctioned over the weekend with an 80 per cent clearance rate. He also discusses the Aussie share market and how it will impact the real estate property market. ...
By Peter Sarmas on 26 Apr 2015 No Comments yet, your thoughts are very welcome
Approximately $6 billion worth of residential auction sales have been transacted in Melbourne in the year to date, about 10 per cent higher than this time last year. Catch up on Melbourne's Anzac Day real estate auction results and read our latest property news update at Street News. ...
By Peter Sarmas on 19 Apr 2015 No Comments yet, your thoughts are very welcome
Peter Sarmas reports that the Melbourne property market is experiencing highest clearance rates since 2010, with only the South East showing clearance rates below 70% for houses. The inner South and outer East had clearance rates above 90% over the weekend. Units also fared well recording above 90% clearance. ...
By Peter Sarmas on 12 Apr 2015 No Comments yet, your thoughts are very welcome
The inner and middle suburbs have seen the highest number of properties sold before auction this year, the top being Williamstown. Peter Sarmas reports on the Reserve Bank's interesting decision to keep interest rates on hold, to the surprise of most economists and money markets who predicted further cuts. ...
By Peter Sarmas on 5 Apr 2015 No Comments yet, your thoughts are very welcome
A recent study by Research House Core Logic RP Data called the Pain and Gain report shows that just over 30% of vendors sold their property for more than double what they bought it for. Peter Sarmas comments on whether or not you are likely to make a profit on your home if you decide to sell. ...
By Peter Sarmas on 28 Mar 2015 No Comments yet, your thoughts are very welcome
It has been a busy start to the year with more than 7,000 auctions held in the year to date. The annual clearance rate at 77 per cent is the highest since 2010. Peter Sarmas analyses the recently released intergenerational report and demographic data by the Australian Bureau of Statistics and explains how it will affect the property market in the future. ...
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