Melbourne Property Market Update – June 7, 2014

By Peter Sarmas on 7 Jun 2014
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This week the Melbourne auction market held its ground in what has been an avalanche of auctions for May, with properties selling on very big volumes. Accordingly, the clearance rate continues to rise. 

• Peter Sarmas discusses a potential month of runaway auctions, as there’s concern surround a potential property drought during winter.

• Meanwhile, buyer’s advocate Cate Bakos helps a young first home buyer score a future investment property.

• The growing rail fetish is causing a headache for the transport planning industry. Why is there a reversal in the historic transport patterns?

• What are your shoes telling you? Your choice of footwear is more vital than you think. 

 

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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