Property News

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" ...

Melbourne Auction Results – August 10, 2013

By Peter Sarmas on 12 Aug 2013 No Comments

Last week's Reserve Bank announcement to cut cash rates by a further 0.25 per cent sparked rate cuts from banks and lenders around the nation. This means cash rates are now at the 59 year low of 2.5 per cent. Most banks moved quickly to pass on the rate ...

Mother of Simon Cowell’s Love Child Demands His Properties

By Peter Sarmas on 10 Aug 2013 1 Comment

X Factor creator Simon Cowell appears to have landed himself in some very hot water, and could be set to lose millions of dollars in property, assets and sponsorship. The 53-year-old music mogul is believed to be expecting a child with 36-year-old Lauren Silverman, the wife of a multi-millionaire property tycoon ...

Melbourne Property Market Update – August 9, 2013

By Peter Sarmas on 9 Aug 2013 No Comments

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 ...

East West Link – How Much Will Residents Be Compensated?

By Peter Sarmas on 8 Aug 2013 No Comments

Concerned residents of Melbourne’s inner north who are likely to be affected by the proposed East-West Link tollway are looking to find out what exactly they are entitled to. Earlier this month, more than 350 property owners from Collingwood and surrounding areas were informed that their properties are likely to be affected ...

Do Women Have More Say In the Home Buying Process?

By Peter Sarmas on 7 Aug 2013 No Comments

“Man of the house” may be a thing of the past – recent data suggests that women are more likely than their male counterparts to be in charge of making major decisions in the home buying process. The Ideas Exchanges Real Estate Program has released a survey stating that women have "the greatest say in the choice of property'' ...

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