Latest Property News

West Footscray is On The Move in a Big Way

By Cate Bakos on 16 Jul 2013 No Comments

On Saturday July 13th I bid on a house in Suffolk Street, West Footscray for a young couple who were also first home buyers. I wasn’t on my own in that buyer demographic – we all hovered around in the crisp cold and intermittent rain awaiting the auction bell. I think West Footscray is an area to keep a close eye on ...

Who’s Going to Win The Block Sky High?

By Peter Sarmas on 16 Jul 2013 No Comments

Last weekend The Block Sky High delighted fans with its much awaited open for inspection event. As predicted, thousands of people flocked to South Melbourne’s Park Street, for what was more like a festival than an open house. The 2012 season of The Block, also located in South Melbourne, brought in a crowd of 20,000 people ...

Housing Bust has been a Real Fizzer

By Pete Wargent on 16 Jul 2013 No Comments

The 'inevitable Australian housing bust' has turned out to be a real fizzer. We haven't been short of property crash predictions in Australia, but so far the forecasts have come to nought, with market sentiment once again reversing northwards from mid-2012 as interest rates were dropped ...

Melbourne Sellers Take Advantage of Competitive Auction Environments

By Catherine Cashmore on 15 Jul 2013 No Comments

A 76 per cent clearance rate was recorded this weekend, albeit on low numbers (354 auctions). With only 6 results unreported, we can expect this figure to remain the same when the midweek update is released. However, there seems to be some uncertainty to the figures. The REIV’s clearance rate on a total of 402 auctions was 75 per cent ...

Melbourne Property Market Update – July 13, 2013

By Peter Sarmas on 13 Jul 2013 No Comments

Australia's unemployment rate has climbed to its highest level since September 2009, and there have been rumblings that another interest rate cut could be on the horizon in August. Regardless of the RBA's decision, it has been revealed that borrowers are feeling less anxious about the economy ...

Renting a House – Where do I Start?

By Peter Sarmas on 12 Jul 2013 No Comments

It can be a big decision to move out of home for the first time. There are so many things to take into consideration – where will you start looking? Who are you going to move in with? What is expected of you financially? Our regular Rental Blogs will explain the ins and outs of the rental process, from applying for a property to finding a housemate ...

Share with friendsX