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 – August 16, 2013

By Peter Sarmas on 16 Aug 2013 No Comments yet, your thoughts are very welcome

This week Street News has taken a look at the future of the Australian property market and from all aspects, it looks like good news. Recent RBA rate cute seem to be set to further boost an already booming market, and it certainly hasn't hindered property clearance rates over the weekend ...

$21.44 Million Gold Coast Mansion Sells For Quarter of Cost

By Peter Sarmas on 15 Aug 2013 No Comments yet, your thoughts are very welcome

One lucky buyer has entered into what could be the deal of a lifetime. News.com.au reported that West Australian civil engineer Riccardo Rizzi has purchased one of the biggest houses on the Gold Coast for an unbelievable bargain. The house in question, a six bedroom, seven bathroom mansion cost $12 million to build ...

Why Aren’t the Banks Passing on the Full Rate Cut?

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

Once upon a time, mortgage holders relied on the monthly Reserve Bank of Australia (RBA) meeting to tell them whether or not their home loan interest rate would go up or down. However, in recent years, financial lenders have made decisions independent of the RBA, frustrating many mortgage holders ...

Reasons to be Cheerful: 1, 2, 3…

By Pete Wargent on 13 Aug 2013 No Comments yet, your thoughts are very welcome

Here's a heads up: the one constant in the world is change, and change brings opportunities. So, we only really have two choices: we can either whinge about the changes that will inevitably occur or we can see them as opportunities and get on with life. In fact, that is the mark of every great investor who has ever lived ...

The Atmosphere’s Heating up in Melbourne’s Housing Market

By Catherine Cashmore on 12 Aug 2013 No Comments yet, your thoughts are very welcome

The last time the Reserve Bank moved interest rates so close to an election was back in August 2007, just prior to John Howard’s demise from office. Of course at that point, the cash rate was lifted +0.25 per cent to 6.75 per cent. Governor Glenn Stevens remarked that, “the world economy is still expected to grow at an above-average pace" ...

Melbourne Property Market Update – August 9, 2013

By Peter Sarmas on 9 Aug 2013 No Comments yet, your thoughts are very welcome

With this week's RBA decision to cut rates down to a record low of of 2.5 per cent, home buyer confidence is set to grow even further, meaning good news for the property market. However, as the federal election approaches, Catherine Cashmore cautions readers to avoid rushing into buying ...