Melbourne Property Market Update – March 21st, 2015

By Peter Sarmas on 21 Mar 2015

No Stopping the Melbourne Property Market

Peter Sarmas comments on Joe Hockey’s proposal to allow first home buyers to access their superannuation to buy and get into the real estate market. He also reports on why you need an asset which has kept up with inflation if you are hoping for a tree change, to go into a retirement village, aged or high care facility.

Sydney House Prices Soar

Sourceable Industry News discusses BIS Shrapnel’s new research covering the National real estate forecast. The soaring Sydney property market is expected to achieve growth of 20 per cent over two years, sending the median house price well above $1 million. How will it affect the decision of prospective borrowers wanting to enter the property market?

Drilling Down On Overseas Investors

Will the investment housing boom continue to run? Martin North of Digital Finance Analytics covers the hot investment segment from the latest household surveys and specifically, the vexed question around the proportion of overseas investors buying investment property for the first time.

Victoria Construction Sector Remains Strong for Now

Conditions in the construction sector in Victoria appear set to remain at respectable levels notwithstanding a pull-back in some areas of civil construction. Sourceable’s report covers a sector by sector snapshot of the state’s prospects in terms of residential construction, commercial building, engineering construction and construction industry employment.

Latest Lending Data Investment Boom

The ABS has released their Lending Data for January, 2015. Recent trends continue with a growing investment housing lending sector, at the expense of other commercial lending. Read the full data results from Martin North of Digital Finance Analytics.

What does a 10% cap on growth in investment mortgage lending look like?

Late last year the Australian Prudential Regulation Authority (APRA) wrote to Australian Authorised Deposit-taking Institutions (ADIs) reinforcing sound residential mortgage lending guidelines. One of the guidelines related to growth in investor lending. Read the full report from Cameron Kusher of CoreLogic RP Data.

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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