Latest Property News

$21.44 Million Gold Coast Mansion Sells For Quarter of Cost

By Peter Sarmas on 15 Aug 2013 No Comments

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

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 ...

What You Need to Know About Buying Your Next House

By Peter Sarmas on 13 Aug 2013 No Comments

Buying a house is one of the most complicated purchases you’ll ever make if you’ve never done it before. Whether you’re planning on purchasing a new house or unit, it’s crucial you know what to expect of the process. If it’s your first time, read on for a simple guide to understanding the complex process of buying a home ...

Reasons to be Cheerful: 1, 2, 3…

By Pete Wargent on 13 Aug 2013 No Comments

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 ...

Village Life in Yarraville

By Cate Bakos on 12 Aug 2013 1 Comment

Somerville Road is one of Yarraville's top four busy roads and it runs east/west right through Yarraville and out past West Footscray to Sunshine. Despite the fact that it's a busy road, this stretch boasts a truck curfew during the evenings and on weekends ...

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

By Catherine Cashmore on 12 Aug 2013 No Comments

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" ...

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