Melbourne Property Market Update – August 9, 2013
By Peter Sarmas on 9 Aug 2013
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With this week’s RBA decision to cut rates down to a record low of of 2.5 per cent, home buyer confidence is set to grow even further, meaning good news for the property market.
• However, as the federal election approaches, Catherine Cashmore cautions readers to avoid rushing into buying under the impression that we’re into another boom phase of the cycle, and reminds them to keep a wider long-term perspective prior to embarking on negotiation.
• The Sydney property market is booming well above all other states, Pete Wargent analyses why.
• Buyer’s advocate Cate Bakos discusses what makes Viewbank special in her weekly Street Talk article.
• The concerned residents of Melbourne’s inner north are looking to find out how much compensation they will recieve after the compulsorily acquisition of their properties to make way for the East West Link tollway.
