Latest Property News

Melbourne Property Market Update – November 23, 2013

By Peter Sarmas on 23 Nov 2013 No Comments

This week, a study released by Mortgage Choice revealed that Australians are confident about their finances. This optimism is said to be due to a succession of positive economic data. Property prices are also climbing at a steady rate. Peter Sarmas consulted property expects who attended a number of auctions ...

Seddon Deadly Sins

By Jessica Hoadley on 22 Nov 2013 No Comments

Have you sinned lately? Opposite the Macedonian Orthodox Church on Victoria Street, Seddon, Seddon Deadly Sins is where locals of all faiths congregate every morning of the week. My friend and I arrive at 10am on a grey Saturday morning. We're shown through the busy front and back rooms to the sheltered rear courtyard ...

Julia Gillard’s Altona Home For Sale

By Emily Tatti on 21 Nov 2013 3 Comments

You could snap up Julia Gillard’s famously modest Altona house at an upcoming auction. The property, which saw its share of media coverage during Ms Gillard’s three year prime ministership, will officially go under the hammer on Saturday December 14. It is expected to sell for upwards of $600,000 ...

Slumlords Sublet by the Room – But You Should Think Twice

By Sharon Fox-Slater on 21 Nov 2013 1 Comment

Given the potential profits, some property owners are tempted to rent their house by the room, but this strategy can be a legal and logistical minefield. The situation is particularly alarming if you find your tenant is a potential ‘slumlord’, secretly subletting individual rooms for profit. The ‘rooming house’ concept is becoming increasingly common ...

Auction Clearance Rates Up. Are We in a Boom?

By Kristie Kwok on 20 Nov 2013 No Comments

Properties are selling faster, house prices are rising and high auction clearance rates prevail. House prices grew by 1.2 per cent in Melbourne over the month of October, and the latest research released by RP Data Auction Plus suggests Melbourne’s clearance rate is around 71 per cent ...

Why do Chinese Investors Find Australian Property so Attractive?

By Kristie Kwok on 20 Nov 2013 1 Comment

Chinese investment in Australia tripled from 2007 to 2012, according to real estate firm Colliers International. Local restrictions on property purchases, tax disincentives and the new wealth accumulated in China are major contributing factors to this trend. We examined some of the other reasons Chinese buyers are drawn to Australian property ...

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