Melbourne Property Market Update – May 17, 2014

By Peter Sarmas on 17 May 2014
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This week the ABS updated their official quarter dwelling price series for the March Quarter. However, as all eyes were one the Federal Budget this week, these statistics have been overlooked. 

• With over 1,000 auctions predicted to take place this weekend, Peter Sarmas examines the potential affect the budget may have on consumer confidence and clearance rates.

• In the meantime Cate Bakos goes on a hunt for an afforadable property in one of Melbourne’s most prestigious beach-side suburbs.

• Where do vendors commonly go wrong when preparing their property for sale? Here are the four truths about preparing your property for sale.

• There’s still some uncertainty regarding the correlation between the latest Federal Budget and the property market. 

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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