Melbourne Property Market & Prices

Visit Melbourne Property Market & Prices for updates about all the latest Melbourne property market news, prices, forecasts and updates in 2013.

Melbourne Property Market Update – December 7, 2013

By Peter Sarmas on 7 Dec 2013 No Comments yet, your thoughts are very welcome

An unprecedented swell of activity will drive the Australian property market along until just days before Christmas. A recent property report has also confirmed that market activity will be solid in 2014, leading to a likely national median house price increase. In his weekend market wrap, Peter Sarmas consulted several real estate experts ...

What Causes Auction Results to Fly Past the Quoted Range?

By Cate Bakos on 6 Dec 2013 No Comments yet, your thoughts are very welcome

Buyers get very frustrated when auction results exceed the quoted range; and justifiably so. Interested buyers invest emotional energy, precious time and valuable dollars when they shortlist and pursue a suitable property. So why is it that some properties sail past their quote ranges while others don’t? There is not just one possible reason ...

Property exposed!

By Street News on 5 Dec 2013 No Comments yet, your thoughts are very welcome

The Australian Prudential Regulation Authority (APRA) has recently begun to release data on the exposure to the property market by ADIs on a quarterly basis. The data is a welcome inclusion to the regular data flow and provides great insight into the type of lending that banks, credit unions and mutuals are undertaking ...

First Home Buyers in Mortgage Distress

By Kristie Kwok on 5 Dec 2013 No Comments yet, your thoughts are very welcome

Despite low lending rates, 53 per cent of first home owners are said to be in mortgage distress. This alarming statistic comes from a First Homeowner survey conducted by Mortgage Choice in September, in which a thousand respondents took part. The results raise questions about lending standards ...

Melbourne Property Market Update – November 30, 2013

By Peter Sarmas on 30 Nov 2013 No Comments yet, your thoughts are very welcome

This week the Australian Bereau of Statistics predicted the Australian population will double by 2075. This has concerned many in the property industry, who believe we could face a dire housing shortage. Meanwhile, in his weekend auction wrap, Peter Sarmas considers whether there is a splitting property market in Melbourne ...

Current Recovery is Hurting First Home Buyers

By Kristie Kwok on 28 Nov 2013 No Comments yet, your thoughts are very welcome

Australian property values grew another 1.3 per cent in October according to the RP Data-Rismark index, raising yet again more questions about the sustainability of house prices. Combined capital city house values are up by 7.9 per cent over the last 12 months, representing the fastest growth rate over the past three years ...