By Peter Sarmas on 22 May 2016 No Comments yet, your thoughts are very welcome
A total of 731 properties went under the hammer over the weekend, well below the 995 auctions for the same weekend last year. The Domain Group reported a clearance rate of 74 per cent, indicating the market is steady and in some parts very strong. ...
By Peter Sarmas on 15 May 2016 No Comments yet, your thoughts are very welcome
The latest CoreLogic April rent review released last week shows rents increased slightly (0.1%) in April, however overall , capital city rental rates edged lower, falling 0.2% over the past 12 months. The report showed five of the eight capital cities saw a modest rise in rents with Sydney rising 1.4% and Melbourne 1.7%. ...
By Peter Sarmas on 8 May 2016 No Comments yet, your thoughts are very welcome
Tuesday the 3rd of May last week became a very historic day on two fronts when at 2.30pm the Reserve Bank of Australia announced an interest rate cut of 0.25% to an all-time low cash rate of 1.75%. Later on the same day Treasurer Scott Morrison released ...
By Peter Sarmas on 1 May 2016 No Comments yet, your thoughts are very welcome
The second interesting bit of news this week was the big hit to foreign buyers. Not sure whether some of these new regulations are politically motivated but it seems the timing of this clamping down on lending to foreign buyers and the impending election on July 2nd seems very coincidental. ...
By Peter Sarmas on 17 Apr 2016 No Comments yet, your thoughts are very welcome
Melbourne Auction Results 17th April 2016 73% Clearance Rate 761 Reported Auctions Sold at Auction: 559 Passed in: 202 Sold Before: 107 Sold After: 1 A clearance rate of 73 per cent was recorded this weekend compared to 73 per cent ...
By Peter Sarmas on 3 Apr 2016 No Comments yet, your thoughts are very welcome
There is a distinct separation between the price growth of detached homes and apartments. Melbourne apartments are seeing a 20% fall in value upon resale. ...
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