The Reserve Bank of Australia has released the minutes from its March 4 meeting, which indicate that interest rates are likely to remain at record lows for some time. This is expected to drive new housing activity throughout 2014. On Street News this week, Peter Sarmas examines inner city price rises in the Melbourne property market ...
It was a cooler weekend thankfully, but this didn’t cool the heels of those looking to secure their next home. The REIV recorded a clearance rate of 73 per cent from 837 reported auctions, compared to 67 per cent last weekend and 68 per cent at the same time last year. There is certainly a sense of confidence in the property market ...
After a slow long weekend, auction activity is set to surge again today. In fact the REIV believes there could be a record number of auctions during March overall. In his regular market commentary, Peter Sarmas examines which Melbourne suburbs were the standout performers last week ...
Over the hot long weekend only 233 auctions were reported to the REIV. Of those, 166 sold, while 67 passed in; 34 on a vendor bid. Although the numbers were lower and the weather wasn’t conducive to large crowds, a clearance rate of 71 per cent was recorded, compared to 73 per cent last weekend and 62 per cent this weekend last year ...
Despite the fact that Australia's unemployment rate has reached its highest point in ten years, figures suggest the property industry may not be as severely affected as people expect. This week on Street News, Peter Sarmas examines how well the property market is performing in spite of the flagging local economy ...
In the blink of an eye it’s already the start of the autumn selling season in Melbourne. Before you know it, the footy season will also be upon us (it kicks off on March 14, for those counting down the days). February was a solid month for Melbourne’s auction clearance rates, and it really confirmed the strength of the property market ...
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