Property News

REIA Wants First Home Buyers’ Assistance to Include Superannuation Funded Deposits

By Kristie Kwok on 5 Mar 2014 No Comments

Current renters or those thinking about their first home purchase would likely welcome the REIA’s submission for the 2014/15 Federal Budget. The submission includes proposals to reform government assistance for first home buyers in areas concerning how to accumulate a deposit, the size of grants and the type of housing eligible for assistance ...

Footscray Gentrification Causes Bidding Frenzy

By Cate Bakos on 4 Mar 2014 No Comments

When I first inspected 1/1 Queen Street in Footscray four weeks ago, I was impressed with the light filled interior, the generously sized courtyard and the options the dated townhouse offered its next owner. I thought the property might have been worth around $530,000 ...

Top 10 Common Frustrations When Selling a Property

By Kristie Kwok on 3 Mar 2014 No Comments

We recently asked our Street News followers to tell us what they found most frustrating when selling a property. Using the range of comments received, we were able to compile a list of the most common responses. For those who are in the process of selling a property or are planning to do so, our top 10 annoyances will no doubt resonate ...

Melbourne Auction Results – March 3, 2014

By Peter Sarmas on 3 Mar 2014 No Comments

In the blink of an eye it’s already the start of the autumn selling season in Melbourne. Before you know it, the footy season will also be upon us (it kicks off on March 14, for those counting down the days). February was a solid month for Melbourne’s auction clearance rates, and it really confirmed the strength of the property market ...

Melbourne Property Market Update – March 1, 2014

By Peter Sarmas on 1 Mar 2014 No Comments

Although property investment is expected to surge this year, the first home buyer market has dwindled to a historic low. According to John Edwards of Residex, investors are pushing first home buyers out of the market. This week on Street News, Peter Sarmas concurred that investors and upgraders are thriving in the current market ...

Where Can You Find a House in Melbourne for Less Than $400,000?

By CoreLogic RP Data on 28 Feb 2014 No Comments

Currently, Melbourne’s median house price is $610,000 based on sales in the December quarter. Naturally, this captures a lot of attention; however, it’s worth remembering that there are many houses that sell for more affordable prices. Over the past year, just under 30 per cent of all houses in Melbourne sold for less than $400,000 ...

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