Property News

The Basic Characteristics Of Property As An Investment

By Pete Wargent on 4 Jun 2013 3 Comments

I sometimes get so engrossed in analysing ABS figures, like the nerdy CA that I am, that I forget that some blog readers are new to the idea of property as an investment. Let’s take a look today at six of the basic characteristics of property as an investment and what causes prices to move ...

Confidence Improves and Melbourne Auctions Surpass Reserves

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. ...

No Change on Cash Rate Predicted

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 ...

Prior to Federal Budget, Consumers Upbeat about Property Market

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 ...

Melbourne Property Market Update – June 1, 2013

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 ...

Local Insights – Carlton