By Peter Sarmas on 10 Nov 2014 1 Comment
This weekend, 934 auctions were reported to the REIV, resulting in a clearance rate of 68 per cent. Economist Andrew Wilson pointed out that this was the first time the clearance rate has slumped below 70 per cent since the first weekend of July, over four months ago. The Melbourne property market is beginning to strain under the huge volume of auctions ...
By Sharon Fox-Slater on 29 Oct 2014 No Comments
Some small-scale property development projects can deliver profits upwards of 20 per cent, but choosing the right site can be a major challenge. Holding costs, while you get plans approved and building quotes, really add up. That means it is often better for development beginners to consider buying a run-down property ...
By Cate Bakos on 28 Oct 2014 No Comments
Spotswood fascinates me a little bit because it seems quite underrated when compared to its adjacent neighbours; Yarraville and Newport. Seemingly quiet, it is poised for bigger things as its land use changes from industrial to residential and commercial. Significant redevelopment is also on the cards ...
By Peter Sarmas on 27 Oct 2014 No Comments
This weekend a record 1641 properties were auctioned in Melbourne – beating the previous high of 1619 on the same weekend last year. The Melbourne property market often peaks at this time in October, as vendors and agents take a breather on the following Melbourne Cup weekend ...
By Cate Bakos on 21 Oct 2014 No Comments
On Saturday I bid at 20 Fairlie Street in Yarraville for some very special clients of mine. Unfortunately we were not the winning bidders, but I was so moved by the vendors' remarkable market timing, and ability to tap into what the local market needed, that I decided to write about the adventure ...
By Peter Sarmas on 20 Oct 2014 No Comments
Financial commentator Michael Pascoe delved a little deeper into why first home buyer numbers are falling in the Melbourne property market. Unfortunately for those click baiting publishers, foreign buyers aren’t the reason for their perceived decline. But more of that after we cover this weekend’s auction activity across Melbourne. ...
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