Melbourne Property Market Update – May 11, 2013

By Peter Sarmas on 11 May 2013
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It has been an interesting time in the property market this week.

•    The RBA shocked many by cutting 25 basis points from the official cash rate. Even more surprising was the fact that all banks passed on the full rate cut, which is great news for home buyers and mortgage holders.
•    Looking for a summary of last weekend’s auction activity? Catherine Cashmore discusses the Melbourne market, noting that clearance rates are still holding steady at 71%.
•    Your Investment Property lists ten Melbourne suburbs that have remained flat for two property cycles.
•    There are high hopes Google Glass, a new breed of hi-tech headset, could revolutionise the construction industry.
•    And finally, renters in Victoria are being warned to be alert to a scam that has claimed a number of victims.

 

Related posts:

Property Outlook for 2013 Melbourne Market Consistent, but Enters Second Quarter with Slower Growth Melbourne Auction Prices Fetching Above Price Guides What’s Driving Property Values? Melbourne ‘Standout Performer’ For First Quarter
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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