Melbourne Property Market Update – December 21, 2013
By Peter Sarmas on 21 Dec 2013
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Auction activity is surprisingly strong this close to Christmas
Photo: zaimoku_woodpile
Despite the fact that we are mere days away from Christmas, the REIV expects about 510 auctions to take place in Melbourne this weekend.
According to REIV CEO Enzo Raimondo, having 500 auctions this close to Christmas is considered “relatively high”. However, from next week until mid-February, the market will settle into its customary quiet period.
• In his last auction wrap for the year, Peter Sarmas considers how tumultuous this year has been for the property market, and why buyers should not count out Christmas and January when searching for their next home.
• Is Sunday a good day to auction property? Cate Bakos believes it can be a good strategy, especially during busy seasons.
• According to the latest IMF findings, the biggest threat to the Australian economy in the near future is the strong Aussie dollar.
• How has the Melbourne property market fared against financial crises in the past? The results aren’t nearly as dire as the media would have you believe.
• Finally, those looking for a fun and free way to entertain the kids in the lead up to Christmas Day should look at this list of the best Christmas light displays around Melbourne.
