Latest Property News

Rental Vacancies Ease In November

By Louis Christopher on 19 Dec 2013 No Comments

Figures released by SQM Research reveal that the level of residential rental vacancies rose during the month of November. SQM recorded a vacancy rate of 2.2 per cent, coming to a total of 62,885 vacancies nationwide. This increase breaks an ongoing trend. It is the first rise after four consecutive monthly declines ...

Melbourne Housing Market Proves Resilient Against Financial Crises

By Kristie Kwok on 19 Dec 2013 No Comments

Melbourne’s property prices have trended upwards over the last thirty years, showing media talk of housing pains is overzealous. Just over two years ago, the talk of the media was all about how Melbourne’s property market would remain in the doldrums for the next decade. However, on a national level ...

Overvalued Aussie Dollar the Biggest Threat to Economy

By Kristie Kwok on 18 Dec 2013 No Comments

According to the latest IMF findings, the biggest threat to the Australian economy in the near future is the strong Aussie dollar. The level of exchange rate is difficult to control because it is determined by both local factors and influences outside the Australian economy. Theoretically, direct intervention from the RBA could weaken ...

Is Sunday a Good Day to Auction Property?

By Cate Bakos on 17 Dec 2013 No Comments

Every auction I have participated in since late November has had one thing in common – the auctioneers have been quick to remind the crowd that there will be no new properties hitting the market until February. It's not entirely true - many an agent has encouraged me to purchase a February-scheduled auction property ...

Melbourne Auction Results – December 16, 2013

By Peter Sarmas on 16 Dec 2013 No Comments

This weekend closed what has been a tumultuous year for property. Though to be fair, Melbourne and most Australian capital city property markets have experienced a real turnaround. A special mention in today’s wrap must go to the sale of Julia Gillard’s house in Altona, which sold for a whopping $250,000 over its expected price ...

Melbourne Property Market Update – December 14, 2013

By Peter Sarmas on 14 Dec 2013 No Comments

The big news this week was Holden's decision to stop manufacturing cars in 2017, which will result in a loss of about 2,900 jobs in both Adelaide and Melbourne. In the wake of this bad news, it was revealed that unemployment rose to 5.8 per cent in November, though this was in line with economists' expectations ...

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