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.
By Peter Sarmas on 23 Nov 2013 No Comments yet, your thoughts are very welcome
This week, a study released by Mortgage Choice revealed that Australians are confident about their finances. This optimism is said to be due to a succession of positive economic data. Property prices are also climbing at a steady rate. Peter Sarmas consulted property expects who attended a number of auctions ...
By Kristie Kwok on 20 Nov 2013 No Comments yet, your thoughts are very welcome
Properties are selling faster, house prices are rising and high auction clearance rates prevail. House prices grew by 1.2 per cent in Melbourne over the month of October, and the latest research released by RP Data Auction Plus suggests Melbourne’s clearance rate is around 71 per cent ...
By Kristie Kwok on 20 Nov 2013 1 Comment
Chinese investment in Australia tripled from 2007 to 2012, according to real estate firm Colliers International. Local restrictions on property purchases, tax disincentives and the new wealth accumulated in China are major contributing factors to this trend. We examined some of the other reasons Chinese buyers are drawn to Australian property ...
By Peter Sarmas on 16 Nov 2013 No Comments yet, your thoughts are very welcome
This week, the Housing Industry Association (HIA) predicted a steady recovery for renovation investment and strong growth in the housing sector over the next few years. In their spring National Outlook report, they claim dwelling commencements could eventually match the highs achieved during the post-GFC stimulus ...
By Peter Sarmas on 14 Nov 2013 No Comments yet, your thoughts are very welcome
A recent study recorded huge jumps in demand for home renovation services after The Block and House Rules aired earlier this year, suggesting many viewers found renovation inspiration through these TV programs. Interestingly, this jump in demand coincided with the types of home improvement projects covered in each show ...
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 ...
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