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.

NSW Strata Laws Undergo Largest Reform in 50 years

By Peter Sarmas on 13 Nov 2013 No Comments yet, your thoughts are very welcome

The NSW state government says tenants who ignore complaints about smoking on apartment balconies could face fines from the Consumer, Trader and Tenancy Tribunal. This would occur under a raft of sweeping changes to NSW’s strata laws, scheduled to come into effect next year ...

Melbourne Property Market Update – November 9, 2013

By Peter Sarmas on 9 Nov 2013 No Comments yet, your thoughts are very welcome

Warnings about self-managed superannuation funds have been rampant in the media over the last week. Now the Australian Securities and Investments Commission wants to ensure property investors are seeking advice from appropriately licensed financial experts ...

SMSF Could Make it Difficult for First Home Buyers

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

The Reserve Bank of Australia revealed in mid-September that about $18 billion of the $500 billion in Self-Managed Super Funds (SMSFs) is invested in residential property. Currently, this equates to only about 3.6 per cent of the SMSF kitty, but it is a growing area of investment, with some surveys suggesting that this number could rise ...

Chinese Property Investors Taking Over the Australian Market – Fact, Fiction or Fearmongering?

By Louis Christopher on 7 Nov 2013 No Comments yet, your thoughts are very welcome

Sadly, many within the Chinese community have been subjected to prejudice and fear, particularly when it comes to the real estate market. This notion that the Chinese may buy everything up and leave the rest of us with nothing is a false prejudice that has been in existence for quite a long time now. However, this is nothing but xenophobia ...

Confidence in Selling Increases

By Peter Sarmas on 5 Nov 2013 No Comments yet, your thoughts are very welcome

According to the results of the RP Data – Nine Rewards survey carried out in October, fewer of us believe that now is a good time to buy a home or property, in comparison to an earlier survey. In a survey with 1,045 participants, a range of questions were asked to gauge expectations around housing prices in Australia ...

Concerns for Recovery Grow as Loans Drop and First Home Buyers Exit

By Peter Sarmas on 4 Nov 2013 No Comments yet, your thoughts are very welcome

Demand for new home loans fell for the first time this year, heightening concerns about the sustainability of the fragile and multi-paced housing recovery. The ABS housing and finance data shows a drop in both the value and number of housing commitments for August. Seasonally adjusted figures indicate that overall mortgages fell ...