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.

Melbourne Property Market Update – December 21, 2013

By Peter Sarmas on 21 Dec 2013 No Comments yet, your thoughts are very welcome

Despite the fact that we are mere days away from Christmas, the REIV expects about 510 auctions to take place in Melbourne this weekend. According to REIV CEO Enzo Raimondo, having 500 auctions this close to Christmas is considered "relatively high". However, from next week until mid-February, the market will settle into a quiet period ...

Rental Vacancies Ease In November

By Louis Christopher on 19 Dec 2013 No Comments yet, your thoughts are very welcome

Figures released by SQM Research reveal that the level of residential rental vacancies rose during the month of November. SQM recorded a vacancy rate of 2.2 per cent, coming to a total of 62,885 vacancies nationwide. This increase breaks an ongoing trend. It is the first rise after four consecutive monthly declines ...

Melbourne Housing Market Proves Resilient Against Financial Crises

By Kristie Kwok on 19 Dec 2013 No Comments yet, your thoughts are very welcome

Melbourne’s property prices have trended upwards over the last thirty years, showing media talk of housing pains is overzealous. Just over two years ago, the talk of the media was all about how Melbourne’s property market would remain in the doldrums for the next decade. However, on a national level ...

Overvalued Aussie Dollar the Biggest Threat to Economy

By Kristie Kwok on 18 Dec 2013 No Comments yet, your thoughts are very welcome

According to the latest IMF findings, the biggest threat to the Australian economy in the near future is the strong Aussie dollar. The level of exchange rate is difficult to control because it is determined by both local factors and influences outside the Australian economy. Theoretically, direct intervention from the RBA could weaken ...

Melbourne Property Market Update – December 14, 2013

By Peter Sarmas on 14 Dec 2013 No Comments yet, your thoughts are very welcome

The big news this week was Holden's decision to stop manufacturing cars in 2017, which will result in a loss of about 2,900 jobs in both Adelaide and Melbourne. In the wake of this bad news, it was revealed that unemployment rose to 5.8 per cent in November, though this was in line with economists' expectations ...

Chinese Buyers Flock to Gold Coast Property Market for Bargains

By Kristie Kwok on 13 Dec 2013 No Comments yet, your thoughts are very welcome

Thanks to price declines of up to 50 per cent in some parts, Chinese buyers are hunting for property bargains in the Gold Coast. According to Darrell Irwin of Colliers International, the current wave of Chinese investment in the Gold Coast has the potential to be just as big, if not bigger, than the Japanese boom of the 1980s ...