Melbourne Property Market Update – June 22, 2013

By Peter Sarmas on 22 Jun 2013
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The Week in Property June 22

 

 

 

 

 

 

 

 

 

 

While the colder months often signal a slowdown in property, the news has been full of positivity this week. According to a recent survey, twice as many Australians are eager to buy now compared to the same time last year. Auction clearance rates have also been trending upwards since December 2012.

• In her weekend auction wrap, Catherine Cashmore notes that Melbourne auctions are starting to openly surpass their reserves. However, she suggests that buyers should proceed with caution before making a purchase.
• Research reveals that bad odours could be costing sellers property sales.
• Buying in an area outside your neighbourhood can help you maximise the benefits of owning an investment property. Greville Pabst explains some key considerations.
• By the time 2020 rolls around, Generation Y will be one of the main groups driving property demand, influencing a shift in how our housing and suburbs work.
• And if your house feels just a little bit too ordinary, take a look at some of the most bizarre homes around the world.

 

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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