By Peter Sarmas on 10 Nov 2014 1 Comment
This weekend, 934 auctions were reported to the REIV, resulting in a clearance rate of 68 per cent. Economist Andrew Wilson pointed out that this was the first time the clearance rate has slumped below 70 per cent since the first weekend of July, over four months ago. The Melbourne property market is beginning to strain under the huge volume of auctions ...
By Peter Sarmas on 27 Oct 2014 No Comments yet, your thoughts are very welcome
This weekend a record 1641 properties were auctioned in Melbourne – beating the previous high of 1619 on the same weekend last year. The Melbourne property market often peaks at this time in October, as vendors and agents take a breather on the following Melbourne Cup weekend ...
By Peter Sarmas on 20 Oct 2014 No Comments yet, your thoughts are very welcome
Financial commentator Michael Pascoe delved a little deeper into why first home buyer numbers are falling in the Melbourne property market. Unfortunately for those click baiting publishers, foreign buyers aren’t the reason for their perceived decline. But more of that after we cover this weekend’s auction activity across Melbourne. ...
By Peter Sarmas on 13 Oct 2014 No Comments yet, your thoughts are very welcome
There seem to be early signs that the Melbourne and Victorian property market has peaked. According to economist Dr Andrew Wilson, Melbourne recorded its lowest clearance rate for two months. Though September set a new all-time record for Melbourne auction numbers, the property market trend is now falling as supply increases ...
By Peter Sarmas on 6 Oct 2014 No Comments yet, your thoughts are very welcome
Glorious weather over the weekend in Melbourne helped the enthusiast property buyers looking to secure their home before the end of this year. But what is actually happening in the property market at the moment, and what is the Reserve Bank doing about interest rates making lending tougher for property investors? ...
By Peter Sarmas on 29 Sep 2014 No Comments yet, your thoughts are very welcome
Though most of Victoria was glued to the football this week, instead of concerned with Melbourne's auctions or the results of our property market, true property lovers were still talking about another issue: how the Reserve Bank will work with the Australian Prudential Regulating Authority to limit the apparent bubble ...
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