Melbourne Property Market Update – March 29, 2014

By Peter Sarmas on 29 Mar 2014
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Get out your gardening gloves – it’s time for the Melbourne International Flower Show
Photo: Chris Phutully

This weekend is expected to be the busiest yet in terms of auctions, as vendors hurry to sell before the Easter shutdown.

• On Street News, Peter Sarmas examines how the recent rise in property levels means more choice for buyers and increased competition for vendors.

• Cate Bakos explores why Altona is more than just Williamstown’s poor cousin – after all, it was good enough for a prime minister!

• It is a little known fact that off-the-plan properties offer considerable depreciation benefits, though these are commonly overlooked by investors.

• Investment activity is at its highest level since late 2003, according to a recent report from RP Data.

• And gardening aficionados can head along to Australia’s biggest flower and garden show this weekend – the Melbourne International Flower and Garden Show. Highlights include award winning display gardens, floral design workshops and a retail market. The show is being held at the Royal Exhibition Building in Carlton and tickets can be purchased on arrival. Just visit the website for full entry details.

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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.