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 Market Consistent, but Enters Second Quarter with Slower Growth

By Catherine Cashmore on 7 May 2013 No Comments yet, your thoughts are very welcome

Another strong clearance rate of 71 per cent was recorded this weekend, once again giving foundation to the improved trend we’ve encountered since the beginning of the year. Unless Melbourne experiences a dramatic drop in stock over the winter months, it’s likely we’ll remain on the current path for the inner and middle ring suburbs ...

Victorian House Prices Stronger

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

The latest NAB Quarterly Australian Residential Property Survey revealed that Victorian home owners and local industry experts are optimistic about the future of the state's housing market. According to the report, which surveyed around 300 panelists nationally, Victoria's housing market is set for clearer skies ...

Melbourne ‘Standout Performer’ For First Quarter

By Catherine Cashmore on 30 Apr 2013 No Comments yet, your thoughts are very welcome

A clearance rate of 71 per cent has been recorded this weekend, which is quite a jump from last week’s revised 65 per cent – though some results are still pending. The latest median house data from Australian Property Monitors has indicated a 3.6 per cent rise for Melbourne’s median house price over the quarter, taking it to $538,922. Considering most economists had tipped Melbourne as a weak market due to inflated levels of housing supply ...

Melbourne Auction Prices Fetching Above Price Guides

By Catherine Cashmore on 26 Apr 2013 No Comments yet, your thoughts are very welcome

The housing market in Melbourne is starting to relax into a pattern of relative consistency. Last week’s clearance rate was reduced to 68 per cent once all results had been collected. This week, a clearance rate of 66 per cent was recorded. For the year to date we’re still holding steady at 69 per cent ...

Housing Affordability Jumps

By Peter Sarmas on 18 Apr 2013 No Comments yet, your thoughts are very welcome

Affordability in residential housing across Australia is showing positive signs of improvement, according to the latest Adelaide Bank/REIA Housing Affordability Report. It revealed that over the December quarter, the proportion of income required to meet loan repayments decreased by 1.4 per cent to 30.4 per cent ...

Intergenerational war!

By Pete Wargent on 16 Apr 2013 No Comments yet, your thoughts are very welcome

The truth is that life has never been easy and property in high demand areas is rarely affordable. The key point in the article is that Tom is searching for somewhere to live in the inner city of Melbourne, which neatly summarises the great real estate problem in Australia. There are only 23 million heads in this vast country, but ...

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