Melbourne Property Market Update – July 13, 2013

By Peter Sarmas on 13 Jul 2013
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Australia’s unemployment rate has climbed to its highest level since September 2009, and there have been rumblings that another interest rate cut could be on the horizon in August.

• Regardless of the RBA’s decision, it has been revealed that borrowers are feeling less anxious about the economy, though they are still concerned about the cost of living.
• In her weekly market wrap, Catherine Cashmore discusses the resilience of the Melbourne property market.
• With auction clearance rates around the country rising, it’s quickly becoming a seller’s market, according to one industry insider.
• Though this may be strange to hear, Your Investment Property explains why debt is good for you.
• In her first Friday “Street Talk” blog, Cate Bakos invites you into her world of buyer advocacy. This week she discusses buying a two bedroom apartment in Flemington as an investor.
• And finally, if you’re thinking about heading to The Block open house this weekend, read our public transport tips, which should help you reach the South Melbourne apartments without too much hassle.

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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