Melbourne Property Market Update – August 2, 2014

By Peter Sarmas on 2 Aug 2014
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This winter’s consistently strong auction clearance rate has set the tone for what’s expected to be a positive finish to the year.

• In the REIV’s June quarter housing report, it was a tale of two suburbs. Both Toorak and Sunshine topped the list of suburbs with the highest growth, a result Peter Sarmas discusses in his weekly market commentary.

• After offering a family advice on the sale of their home, buyer’s advocate Cate Bakos emphasises how important it is to understand the target buyer when putting your home on the market. 

 Many investors may not realise that they don’t have to wait all year to benefit from the tax deductions available to them. Here’s how you can put an extra $190 in your pocket every fortnight

• Finally, the Melbourne International Film Festival officially kicks off this weekend. The festival, which is the largest in Australia and one of the oldest in the world, will screen over 300 new films until August 17. 

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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