By Peter Sarmas on 19 Aug 2013 No Comments
The Melbourne market maintained its strength this week, almost mirroring last week’s results. Unreported auctions were substantially higher, at 93 compared to 50, but this was the only main difference. According to the REIV, this is the fourth week that Melbourne auction clearance rates were close to or above the 70 per cent mark ...
By Peter Sarmas on 17 Aug 2013 4 Comments
America is renowned for all things big – and property is certainly no exception. Home to some of the world’s wealthiest, these enormous houses have been spared no expense. There are several mansions currently on the market that redefine the idea of luxury (although we aren’t quite sure what you would do with 22 full bathrooms) ...
By Peter Sarmas on 16 Aug 2013 No Comments
Real estate website Street News is making it even easier for consumers to conduct research on Melbourne suburbs after launching a new local information section. Street News founder and director Peter Sarmas says the change was made based on feedback from consumers ...
By Peter Sarmas on 16 Aug 2013 No Comments
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 ...
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 ...
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 ...
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