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.

‘McSuper’ Funds Encourage Financial Planners to Push Investors into SMSFs

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

A boom in property sales for self-managed superfunds (SMSFs) is spawning a new generation of intermediaries offering pre-packaged legal, insurance and referral services, which some industry experts say could put investors into financial hardship. Clients and advisors are being urged to exercise extreme caution ...

Asbestos Register Now Required by Law

By AOXEN on 4 Sep 2013 3 Comments

Due to the serious health risks associated with asbestos, it is now law in most states and territories across Australia that every commercial building constructed prior to 31st of December 2003 has an asbestos register and an asbestos management plan. It is the responsibility of the person with control or management of the property ...

Sydney Auction Clearance Rate Hits a Stunning 84 per cent

By Pete Wargent on 3 Sep 2013 No Comments yet, your thoughts are very welcome

Auction clearance rates in Sydney hit the astonishing level of 84 per cent on Saturday, the highest recorded this year, completing a record month of August for the city. Last weekend's 79 per cent clearance rate was the only weekend in the last eight where less than a "boom time level" of 80 per cent of auctioned properties were sold ...

The Strength of Auctions in the Rising Market

By Catherine Cashmore on 2 Sep 2013 No Comments yet, your thoughts are very welcome

After last week’s clearance rate dropped from 82 per cent to 79 per cent once all results had been collected, this week’s 75 per cent rate was back in line with the year-to-date trend, which currently sits at 71 per cent. ...

Melbourne Property Market Update – August 30, 2013

By Peter Sarmas on 30 Aug 2013 No Comments yet, your thoughts are very welcome

This week in property, Street News has taken a look at the Melbourne market over the weekend which saw a record high auction clearance rate of 82 per cent – that’s 357 properties sold at auction. Peter Sarmas discusses the statistical data of the weekend results, and analyses what this means for the property market ...

Tenants Reveal Their Top Four Must-Have Features When Renting

By Peter Sarmas on 28 Aug 2013 No Comments yet, your thoughts are very welcome

Property investors, take note. A recent study by Bees Nees City Agency has uncovered the top sought-after features when it comes to renting a house. While it is often thought that renters think the property they select is “only a temporary renting house”, experienced investors know this is far from the truth ...