Melbourne Property Market Update – May 16th, 2015

By Peter Sarmas on 16 May 2015
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Commercial Market Update – Melbourne Units

Melbourne unit sales recorded over the three months to May 2015 totalled $411.6 million, an increase from the $238.2 million recorded to February 2015 and the $392.7 million recorded to November 2014. Read all the interesting data released by CoreLogic RP Data Commercial Cityscope.

Is Australian Property a Haven for Money Laundering?

Efforts by the Australian government to combat money laundering could have a high impact affect upon the huge revenues its reaping from foreign purchases of domestic property. Gordon Lane of Sourceable Industry News reports on foreign property investment and what it means for Australia. 

What’s The Value Of Renovations?

What should you renovate and how much will it add to the value to your property? Martin North of Digital Finance Analytics looks at the DFA Household Survey and advises on the need and value of renovating.

Investor lending surges again in March

Should we be worried about the level of investment lending in the property market? Cameron Kusher of CoreLogic RP Data analyses the current real estate housing finance data released by the Australian Bureau of Statistics (ABS) for March 2015.

Credit Losses At Australian Banks Are All About Lending Standards

Will you be affected by any future macroeconomic shocks?
Martin North of Digital Finance Analytics gives an insightful report on a paper from David Rodgers at the Economic Research Department RBA.

Reality TV drives increase in DIY

The revenue of almost 6000 businesses is up thanks to the increase in renovation projects and DIY- and it’s all thanks to shows such as House Rules, Better Homes and Gardens and The Block.  Enzo Raimondo from REIV reports on why you could be actually wasting your time and money doing DIY and renovations if your a home owner or investor.

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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