Melbourne Property Market Update – July 20, 2013
By Peter Sarmas on 20 Jul 2013
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A housing market report released this week indicated that the property market is well past the bottom of the cycle. While there have been patchy results in some capital cities such as Brisbane and Hobart, overall recovery looks solid.
• In her weekly market wrap, Catherine Cashmore is also confident there is stability in the market. She discusses the increase in the number of vendors choosing to sell their property via auction.
• Is it possible some sales techniques are too sophisticated for buyers? A WA agent’s representative believes these methods are turning buyers off.
• Buyer’s advocate Cate Bakos helps a young couple with the buying process at an auction in West Footscray.
• Interestingly, units are still outperforming houses as an investment option.
• And finally, how much will The Block sell for? Read our exclusive interviews with the selling agents to hear about their marketing strategies – and why they think their unit deserves to win on the day.
