By Catherine Cashmore on 4 Jun 2013 No Comments
Once again, the weekend produced some healthy results in Melbourne. The clearance rate was 74 per cent based on over 700 auctions. This week, 56 per cent of results posted were private sales, while the rest were for sale by auction. ...
By Peter Sarmas on 3 Jun 2013 No Comments
Ahead of tomorrow’s interest rate decision, financial news site Bloomberg found that a majority of economists forecast the RBA to keep the cash rate at 2.75 percent, reduced when the RBA met last month. Twenty-four out of the twenty-five economists expected the RBA would hold out ...
By Peter Sarmas on 2 Jun 2013 No Comments
Results from the third RP Data-Nine Rewards consumer sentiment survey in May revealed that consumer attitudes are more positive than negative when it comes to Australia’s current housing market. The survey incorporated responses from 1,030 participants ...
By Peter Sarmas on 1 Jun 2013 No Comments
As we gear up for next week’s Reserve Bank cash rate announcement, a number of factors are hindering strength in the property market. According to Cameron Kusher of RP Data, buyers looking to purchase a home in the near future are holding out for improved confidence ...
By Peter Sarmas on 1 Jun 2013 No Comments
Last weekend’s 74% clearance rate result from good quality numbers (720) was reflective of a property market that appears resilient, for the inner city at least. Nicholas West, the Director of Nelson Alexander’s Carlton office, echoed a similar sentiment ...
By Peter Sarmas on 31 May 2013 No Comments
In the past, low interest rates tend to propel a buying frenzy in the property market, but according to RP Data research analyst Cameron Kusher, a predominantly negative buyer sentiment is standing in the way of what would be an otherwise flourishing market ...
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