Tuesday the 3rd of May last week became a very historic day on two fronts when at 2.30pm the Reserve Bank of Australia announced an interest rate cut of 0.25% to an all-time low cash rate of 1.75%. Later on the same day Treasurer Scott Morrison released ...
The second interesting bit of news this week was the big hit to foreign buyers. Not sure whether some of these new regulations are politically motivated but it seems the timing of this clamping down on lending to foreign buyers and the impending election on July 2nd seems very coincidental. ...
Melbourne Auction Results 17th April 2016 73% Clearance Rate 761 Reported Auctions Sold at Auction: 559 Passed in: 202 Sold Before: 107 Sold After: 1 A clearance rate of 73 per cent was recorded this weekend compared to 73 per cent ...
There is a distinct separation between the price growth of detached homes and apartments. Melbourne apartments are seeing a 20% fall in value upon resale. ...
Last week saw a raft of some very important economic news and over the weekend the property market was put to the test when over 1700 properties auctioned. ...
The latest Core Logic Data released show Melbourne property prices for the month of February and the quarter rising, defying the doomsayers. ...