Melbourne Property Market Update – January 18, 2014

By Peter Sarmas on 18 Jan 2014
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While Melbourne recovers from this week’s sweltering heatwave, its property market remains largely subdued, though activity is expected to kick up again in early February.

• In the meantime, Peter Sarmas attempts to decipher what the experts see happening in property in his first commentary for 2014.

• Buyer’s advocate Cate Bakos finds the quiet January period an exciting time to hunt for property – and she stumbled across the perfect investment for one SMSF client.

• Are you a property addict? If these ten symptoms sound familiar, then you just might be…

• The start of a new year is a great time to look back at all of your achievements. According to Dr Trevor Chetcuti, fulfillment and achievement elevate a hormone in the brain called dopamine, which makes you feel good about yourself.

• There’s at least one media personality who probably isn’t feeling so good about himself right now: Geoffrey Edelsten. After declaring bankruptcy in the US last week and announcing his separation from wife Brynne, the medical entrepreneur is selling his opulent Gold Coast penthouse.

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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