Melbourne Property Market Update – October 4, 2013

By Peter Sarmas on 4 Oct 2013
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Photo: Reinis Traidas

Talk that Australia is headed towards a property bubble has definitely increased over the last week, though economists claim property price growth is nowhere near the level it needs to be for a boom to take place.

• Auction activity slowed down in Melbourne over the weekend due to the Grand Final, but the market will be back in full swing this weekend

• Buyer’s advocate Cate Bakos explains why Seddon is one of her favourite investment hotspots in Melbourne.

• Are you buying a new home? Read our five tips to get the right house for the right price.

• Tech lovers may be pleased to hear that Steve Jobs’ childhood home could become a protected landmark because he invented the first Apple computer in its garage.

• And this weekend the Finders Keepers Market will be held in the Royal Exhibition Building in Carlton. There will be homeware, clothes and artwork for sales, as well as food and drink stalls and live entertainment. It could be a great way to finish off the school holidays with the kids.

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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.