Melbourne Property Market Update – August 15th, 2015

By Peter Sarmas on 15 Aug 2015
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Is Housing Credit That High?

In the RBA’s latest Statement on Monetary Policy, they explore the impact of off-set accounts on the total household debt outstanding. Martin North of Digital Finance Analytics reports on Australia’s housing credit.

Melbourne Crane Collapse Injures One

Disaster was narrowly avoided when a crane collapsed at a Melbourne construction site, leaving one person with minor injuries. Emergency crews were called to Southbank shortly before 4pm on Friday August 7 following reports of a loud crash in the area. What was responsible for the collapse?

NAB Q3 2015 Trading Update

In NAB’s Q3 2015 trading update they say that undiluted cash earnings were circa $1.75bn. 9% up on the prior corresponding quarter. Martin North looks at the data in this report.

ASIC Takes Action Over Deceptive Real Estate Ads

The Australian Securities and Investments Commission has issued four infringement notices against companies associated with a Perth-based property developer. Advertisements were published on various websites, a Facebook page, YouTube and on television between May and October last year. Advertisements claimed consumers could buy an investment property from “just $59 per week”. Read the full report.

Renewable Energy Fact Check

The Labour party’s recently announced “aspirational target” policy for 50 per cent renewable energy by 2030 has everyone abuzz. Supporters of increasing the penetration of renewables are understandably excited while opponents claim that it will cause electricity prices to skyrocket. Learn more in this very interesting report.

Court Rules Against House Copycat

A judge has ordered a million-dollar far north Queensland home be changed after it was built to look the same as a house in the same estate. Justice James Henry found the building of the Port Douglas home violated copyright laws. Sourceable Industry News looks at the findings.


About the Author

Peter Sarmas is a Certified Property Investment Advisor (PIAA) and Vendor/Buyer Advocate. Before becoming the founder of Street News, Peter completed a Degree in Applied Science (Chemistry) and a Graduate Diploma in Property Valuations (Hons). Peter believes property investing is a major and potentially risky undertaking. In his view, everyone should have an independent person acting on their behalf when seeking property investment advice.

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