Melbourne Property Market Update – May 31, 2014

By Peter Sarmas on 31 May 2014
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This week the Melbourne property market held firm in spite of a large number of auctions that took place over the weekend. However, lack of consumer confidence has made buyers more cautious. 

• In his weekly auction wrap Peter Sarmas attempts to gauge the markets strengths and weaknesses through first-hand experience.

• Meanwhile, Cate Bakos offers some clever buyer’s tactics at an auction in Ivanhoe. 

• Illuminating cities for art is the new in thing. How can we understand this growing global enthusiasm?

• RP Data have established that a large number of auction records have been broken in the Melbourne market since the begining of 2014.

 

Related posts:

Melbourne Property Market Update – April 19, 2014 Melbourne Property Market Update – March 1, 2014 Melbourne Property Market Update – January 18, 2014 Melbourne Property Market Update – March 15, 2014 Melbourne Property Market Update – May 17, 2014
About the Author

Peter Sarmas is a Certified Property Investment Advisor (PIAA) and Vendor/Buyer Advocate. Before becoming the founder of Street News, Peter completed a Degree in Applied Science (Chemistry) and a Graduate Diploma in Property Valuations (Hons). Peter believes property investing is a major and potentially risky undertaking. In his view, everyone should have an independent person acting on their behalf when seeking property investment advice.

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