Although property investment is expected to surge this year, the first home buyer market has dwindled to a historic low. According to John Edwards of Residex, investors are pushing first home buyers out of the market. This week on Street News, Peter Sarmas concurred that investors and upgraders are thriving in the current market ...
This weekend was a big test for the Melbourne property market. It was what property commentators call a Super Saturday, as a whopping 1130 properties went under the hammer. This is a 21 per cent increase on last weekend’s numbers ...
Unemployment rates released last week reveal that joblessness in Victoria has reached its highest level since January 2002. In his weekly market commentary, Peter Sarmas considers the impact this could have on future interest rate decisions from the RBA ...
Unemployment figures released last Thursday showed a rise from 5.8 per cent in December 2013 to 6.0 per cent in January 2014, which means unemployment levels are now above the 5.9 per cent reached during the GFC. More concerning is that joblessness in Victoria is now at 6.4 per cent, its highest level since January 2002. ...
A raft of property data was released this week, confirming that while housing finance fell in December, house prices remained strong overall. In his weekly market commentary, Peter Sarmas discussed the Reserve Bank's latest interest rate decision, and what this means for the property market moving forward ...
All eyes were on the RBA last week when they reconvened from a two month break. With markets only pricing in a 5 per cent chance that rates would be cut by a further 0.25 per cent, the probability of an interest rate movement was always going to be limited ...
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