Melbourne Property Market Update – December 6, 2014
By Peter Sarmas on 6 Dec 2014
No Comments yet, your thoughts are very welcome
Photo: Adam J.W.C, Creative Commons
Not even a Victorian State Election could dampen this weekend’s auction results. Despite the state election, auction volumes remained very strong. The top auction suburbs this weekend were Richmond, Port Melbourne, Reservoir, Doncaster East and St Kilda. Peter Sarmas advises on being careful when investing in property.
Where are the Top 10 highest yielding locations for houses in Australia ranked by AVM? New figures have disclosed the top 10 highest yielding locations for houses across the country, with six hailing from one state.
Where are owners queuing to sell in Melbourne? The residential property market differs from suburb to suburb in many different ways. Some suburbs are tightly held, some are in high demand from buyers and in others, sellers are seeking to capitalise on improved local conditions.
First time buyers in the DFA survey are those who are actively seeking to acquire a property for the first time. Once they have obtained a property and settled in, they then migrate into one of our other property owning segments. First Time Buyer Barriers By State.
Number of homes selling below $400,000 trending down. Australia’s property market has experienced a significant shift in lower-end priced properties, as rising capital city house prices has seen the number of properties under the $400,000 mark diminish.
Kevin Rudd and Therese Rein list their home at Norman Park, Brisbane. Buyers who inspect the home may be surprised by the modest design and fixtures when compared with Mr Rudd’s former haunts such as The Lodge in Canberra or Kirribilli House in Sydney. The couple originally bought the home for $384,000 in 1994 and stand to make a profit with the median price in Norman Park now $737,500.
