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.

Westpac’s Bill Evans Sombre on Property Market

By Peter Sarmas on 28 Jan 2014 No Comments yet, your thoughts are very welcome

Westpac Chief Economist Bill Evans expressed a sombre view of the economy and the housing market in his latest economic update. Consumer confidence flagged in January and recent local and global data was less than inspiring, while the latest labour market data contained significantly lower than expected employment figures ...

Rental Vacancies Climb, With CBD and Mining Towns Worst Hit

By Louis Christopher on 27 Jan 2014 No Comments yet, your thoughts are very welcome

Figures released by SQM Research reveal that the level of residential property rental vacancies rose during the month of December, recording at a vacancy rate of 2.6 per cent and coming to a total of 73,082 vacancies nationwide. This represents a 0.4 percentage point increase month on month and a 0.3 percentage point increase ...

Melbourne Property Market Update – January 25, 2014

By Peter Sarmas on 25 Jan 2014 No Comments yet, your thoughts are very welcome

This week the ABS revealed that inflation rose by 0.9 per cent during the December quarter, leading economists to predict that interest rates will remain at all-time lows for some time. In his weekly property commentary, Peter Sarmas examines the outlook for the Australian economy in general ...

SQM Says Sydney’s Property Market to Have Strongest Start In 15 Years

By Louis Christopher on 24 Jan 2014 No Comments yet, your thoughts are very welcome

The Sydney property market is not about to slow – it’s actually about to have its strongest start in over 15 years. Stock on market in Sydney fell to the lowest levels recorded on our index in December. For the month, there were just 20,479 properties listed in Sydney ...

Housing Shortage Will Remain a Huge Factor Driving up Property Prices in 2014

By Kristie Kwok on 23 Jan 2014 No Comments yet, your thoughts are very welcome

It is likely that the housing shortage will continue to support property price growth in 2014, especially in major markets such as Sydney and Melbourne where housing stock levels were lower overall in 2013. December figures released by SQM suggested a monthly housing stock decrease of 26.4 per cent in Sydney ...

Australian Economy Shows Mixed Signals in Q4 but Global Markets Doing Well Overall

By Peter Sarmas on 20 Jan 2014 No Comments yet, your thoughts are very welcome

A tough 2014 is widely predicted for the Australian economy. If this happens, it will likely have a negative impact on the housing market. Whilst it is too early to begin economic analysis for the current year, November 2013 data released by Westpac shows mixed results for our economy ...