Melbourne Property Market Update – August 30, 2013

By Peter Sarmas on 30 Aug 2013
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This week in property, Street News has taken a look at the Melbourne market over the weekend which saw a record high auction clearance rate of 82 per cent – that’s 357 properties sold at auction.

• Peter Sarmas discusses the statistical data of the weekend results, and analyses what this means for the property market in the next coming months.
• Buyer’s advocate Cate Bakos told us about her weekend venture to Northcote – where she successfully secured a villa unit for a happy first home buyer.
• What does the beachside city of Frankston have to offer?
• Street News also took a look into the world of celebrity real estate where pop star Justin Bieber is planning to buy Michael Jackson’s Neverland Ranch.
• This Sunday is Father’s Day and there are plenty of activities for the whole family happening in Melbourne. Search for the elusive buried treasure or walk the plank at Polly Woodside’s Pirate Day, or consider taking Dad for a delicious sit-down breakfast in the spectacular Coral Atoll floor-to-ceiling display at Melbourne Aquarium.

 

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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