Melbourne Property Market Update – July 12, 2014
By Peter Sarmas on 12 Jul 2014
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Photo courtesy of: Flickr creative commons/Paul Stewart
The RBA’s monthly decision on interest rates is expected to administer a period of increased stability in rates until 2015. Yet the household debt to income ratio is at an all-time high as dwelling prices rise and borrowing increases.
• Peter Sarmas discusses the RBAs monthly decision on interest rates and the impact it may have on the property market. Meanwhile he also juggles three clients with substantially diverse requests.
• The pocket sized suburb of Albion may be the net in thing. Has buyer’s advocate Cate Bakos, found an affordable alternative?
• In response to community feedback regarding City of Melbourne’s heritage strategy, a number of steps have been taken to ensure Council are at the forefront of Heritage strategy and conservation.
• The rise of Asian property developers in the Melbourne market has led to an unprecedented number of development sites offered for sale
