Melbourne Property Market Update – November 21st, 2015

By Peter Sarmas on 21 Nov 2015
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First Time Buyers Still In The Market But…

If you are a first home buyer, what and where will you buy? Martin North of Digital Finance Analytics analyses the latest DFA household survey of property drivers and expectations and explains the main barriers facing first home buyers wanting to get on the  property ladder.
 

$10 Million Worth Of Real Estate Found To Be Owned Illegally By Foreign Investors

Treasurer Scott Morrison ordered the sale of more than $10 million worth of properties last week. All seven residential properties located in Victoria, New South Wales and Queensland will be put up for sale, bringing the number of forced divestments to 19 since the government placed greater emphasis on the issue of illegal foreign purchases in 2013. Read all the details in this report.
 

Different Segments Of The Market Are Seeing Quite Different Magnitudes Of Value Changes

Where are the most affordable suburbs? Over the last 12 months to October 2015, dwelling values across the combined capital cities increased by 8.2% across the most affordable suburbs, 9.6% across the middle priced suburbs and 11.4% over the most expensive suburbs. Find out more in this interesting update from Core Logic RP Data.
 

Fed Minutes Point To Rate Rise… Sometime…

Will interest rates rise in December? The last Fed meeting suggests it could well be time to raise short-term interest rates at the December policy meeting after keeping them at near zero levels for more than seven years. Martin North of Digital Finance Analytics shares the Fed Minutes for October.
 

Winners Revealed: 2015 Eat Drink Design Awards

Who were the winners? Australia and New Zealand’s design and hospitality communities came together to celebrate the best designed restaurants, cafes, bars, temporary environments, retail spaces for food and drink and visual identities for all. From a record number of entries, 88 were shortlisted. From this shortlist, seven projects have been awarded best design in six categories and twenty-six received high commendations.
 

Connecting Online Can Help Prevent Social Isolation In Older People

Martin North shares a report from ‘The Conversation’. Older people are going online at growing rates and social networking is no longer considered the domain of the young. In Australia, one-quarter of people aged 65 and above live alone. Some older people will be vulnerable to social isolation, which occurs when people have limited opportunities for human contact and become disconnected from society.

 

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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