Melbourne Property Market Update – May 24, 2014

By Peter Sarmas on 24 May 2014
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This week there has been a genuine concern regarding how the Coalition’s budget cuts will impact the property industry. However, after further investigation it’s revealed that the cuts will have both a positive and negative affect on the market. 

• After a fall in consumer sentiment a low clearance rate was predicted over the weekend. Peter Sarmas discusses the affect budget cuts will have on various aspects of the property market.

• Meanwhile Cate Bakos uncovers one of the inner west’s best kept secrets.

• Property investing success requires groundwork before purchasing your first investment property. Here are some top tips to help you become a savvy investor.

• Cotton On model, Lara Bingle prepares to sell her lavish Darling Point apartment. Suprisingly, she’s not looking to make a profit.

Related posts:

Melbourne Property Market Update – May 3, 2014 Melbourne Property Market Update – May 17, 2014 Melbourne Property Market Update – April 26, 2014 Melbourne Property Market Update – May 10, 2014 Melbourne Property Market Update – March 21, 2014
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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