Melbourne Property Market Update – June 27th, 2015
By Peter Sarmas on 27 Jun 2015
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Perfect Strike Rate For Sellers In Five Melbourne Suburbs
Sellers in five Melbourne suburbs have been virtually guaranteed their homes will sell. In the past three months these suburbs have had a 100 per cent clearance rate. In another 50 suburbs clearance rates where at 90 per cent or more. Are you living in one of these sought after suburbs?
Foreign Residential Property Investment Will Roll On
Is introducing application fees for foreign buyers and beefing up regulation and penalties for breaches, as well as imposing extra charges on land tax, ‘throwing pennies in the path of a steamroller’? Read this interesting report on foreign property investment from Sourceable Industry News.
Housing Bubble Creates Jobs Bubble
The May Australian Bureau of Statistics (ABS) Labour Force figures caught the market by surprise with a fall from 6.2 per cent to 6 per cent, which is now seeing the Australian unemployment rate at its lowest for 12 months. Is the increase in new building approvals fuelling jobs growth?
Australia In For A Property “Bloodbath”
Economists Lindsay David and Philip Soos have accused politicians and the housing industry of having their heads in the sand over the current real estate situation across Australia. Find out why they think Australia is in for a property “bloodbath”.
Affordable Housing Crisis Is Hurting All Of Us (Except The Well-Heeled)
Until recently, affordable housing was mentioned only in conversations involving low-wage or unemployed workers – or the homeless. The only groups that focused on rising rental costs were low-income housing advocacy groups. Martin North of Digital Finance Analytics looks at the American housing crisis.
Is the ‘First Apartment Buyers Dream’ Now the Goal?
Is the Great Australian Dream of buying and building on a block of land or purchasing a first house fast becoming a distant memory, particularly for the many young Australians looking to enter the property market? Sourceable Industry News looks at where this buying group is turning to for alternatives to the traditional house-and-land offering.
