Melbourne Property Market Updates

Our daily Melbourne property market updates are written by experienced property commentators, buyer advocates and investment experts. All have their finger on the pulse of the Melbourne property market.

Market Psychology – Sydney Property Booming

By Pete Wargent on 6 Aug 2013 No Comments yet, your thoughts are very welcome

The Sydney property market once again recorded an "extraordinary" 81.3 per cent auction clearance rate on Saturday at a median sale price of some $835,000 according to Australian Property Monitors. One auction clearance result at such an elevated level may or may not represent an anomaly ...

What’s In Store for Melbourne as We Approach the Federal Election?

By Catherine Cashmore on 5 Aug 2013 No Comments yet, your thoughts are very welcome

As we tick over into August and await another interest rate drop, new housing data for the preceding month is once again filtering through. Firstly, RP Data and Rismark have released their July Hedonic Home Value Index Results, which showed a 1.6 per cent rise in capital city dwelling values ...

Melbourne Property Market Update – August 3, 2013

By Peter Sarmas on 3 Aug 2013 No Comments yet, your thoughts are very welcome

This week we received a raft of good news about the future of the property market. Research revealed that capital city dwelling values climbed during July, while consumer confidence is at its highest level since the beginning of the GFC. Also encouraging is the fact that mortgage enquiries have risen to their highest level of growth ...

Could The Touted Recession Get Revised Away?

By Pete Wargent on 30 Jul 2013 No Comments yet, your thoughts are very welcome

It's well known that some commentators have been going on and on (and on) about the risk that Australia will sink into recession. Australia's GDP growth is bumbling along at a trend of 2.6 per cent per annum or a seasonally adjusted 2.5 per cent p.a. The bearish excitement reached fever pitch ...

Where’s The Melbourne Property Market Heading?

By Peter Sarmas on 29 Jul 2013 No Comments yet, your thoughts are very welcome

Recent data from a number of providers shows that there has been a rise in property prices across the country – and the Melbourne property market is leading the way. According to Fairfax-owned APM, the figures demonstrate that Melbourne has experienced its fastest property price growth since the government stimulated boom of 2009-2010 ...

How Relevant is Median Data?

By Catherine Cashmore on 29 Jul 2013 No Comments yet, your thoughts are very welcome

I wrote a little last week regarding the REIV’s somewhat questionable statistics; namely, that revisions typically occur 3 months after the quarterly figures are released, and seasonal adjustments can shift negative data into the positive. Figures are revised because all data providers suffer from a lag in reported results ...