Financial commentator Michael Pascoe delved a little deeper into why first home buyer numbers are falling in the Melbourne property market. Unfortunately for those click baiting publishers, foreign buyers aren’t the reason for their perceived decline. But more of that after we cover this weekend’s auction activity across Melbourne. ...
There seem to be early signs that the Melbourne and Victorian property market has peaked. According to economist Dr Andrew Wilson, Melbourne recorded its lowest clearance rate for two months. Though September set a new all-time record for Melbourne auction numbers, the property market trend is now falling as supply increases ...
Glorious weather over the weekend in Melbourne helped the enthusiast property buyers looking to secure their home before the end of this year. But what is actually happening in the property market at the moment, and what is the Reserve Bank doing about interest rates making lending tougher for property investors? ...
Though most of Victoria was glued to the football this week, instead of concerned with Melbourne's auctions or the results of our property market, true property lovers were still talking about another issue: how the Reserve Bank will work with the Australian Prudential Regulating Authority to limit the apparent bubble ...
Chris Vedelago wrote an interesting story in Sunday’s Age. It was about the latest crime rates in Melbourne and regional Victoria and discussed which Melbourne suburbs and towns had the greatest incidences of crime. I believe this sort of information plays a major role in the decision-making process when entering the Melbourne property market ...
The first preliminary AFL round didn’t affect Melbourne's auction results or property buyers at all. Melbourne’s clearance rate was 75 per cent from 818 auctions. According to REIV figures, the top Melbourne property auction locations were Prahran, Glen Iris and Coburg. ...
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