Melbourne Property Market Update – February 1, 2014

By Peter Sarmas on 1 Feb 2014
No Comments yet, your thoughts are very welcome

It has been revealed that new home sales are at a five year high, suggesting the housing market underwent a broad recovery in 2013.

• In his weekly property commentary, Peter Sarmas considered the results of Westpac’s Consumer Sentiment Survey and the potential ramifications for the property market.

• Meanwhile, SQM Research has released data demonstrating that rental vacancy rates are rising in 66 per cent of mining towns, which spells trouble for many investors.

• Before committing to a purchase, investors should be cautious about expensive problem areas such as faulty electrical wiring, foundation issues and leaking roofs.

• Are you an exercise junkie? Health and wellbeing expert Dr Trev has put together a list of the best running and riding apps to optimise your workout.

• And this weekend we celebrate the Chinese New Year with a host of parades and cultural activities across the city. Those wanting to enhance the feng shui energies in their home can follow these simple tips in order to attract positive energies and ward off harmful ones.

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.

Share with friendsX