Melbourne Property Market Update – November 15, 2014

By Peter Sarmas on 15 Nov 2014
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Melbourne Property Market Update - November 15, 2014

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Is the Melbourne Property Market Straining? This weekend the clearance rate was 68 per cent, which marks the first time it has slumped below 70 per cent since the first weekend of July. Peter Sarmas examines the cause of this decline, and what it means for buyers and sellers. 

According to the Reserve Bank, the momentum in the Australian housing market is having a positive effect on consumer consumption which will eventually lead to a pickup in business investment.  
  
Could Australia be hit by the Chinese property bubble? Read the three conditions that the bankers and analysts say is the definition of a bubble in prices.   

Is home ownership right for you? Read about the important factors you need to consider before you start searching for your new home or apartment.   

Last month saw a new record week for auctions in Melbourne and an improvement in the whole residential market. Melbourne house values rose by 2.1 per cent in October and by 1.8 per cent over the last three months.    

The 2014 National Architecture Awards were announced at the Darwin Convention Centre on Thursday 6 November. And the winners are…     

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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