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Feedback Cafe

By Peter Sarmas on 2 Nov 2013 No Comments yet, your thoughts are very welcome

If you’ve ever found yourself prowling through Yarraville for somewhere to relax with a hit of caffeine, you will know just how many choices there are. Almost every sidewalk in the heart of the suburb is decorated with outdoor tables and chairs. For somewhere a bit different, stroll down to Feedback on Ballarat Street ...

Melbourne Property Market Update – November 2, 2013

By Peter Sarmas on 2 Nov 2013 No Comments yet, your thoughts are very welcome

In the lead up to next Tuesday’s Melbourne Cup, the property market has been flooded with new properties. Though the number of auctions expected this weekend is much lower due to the public holiday, REIV CEO Enzo Raimondo did not expect this to affect vendors’ chances of selling their homes ...

First Home Buyers to Surge in 2014 Despite Rising House Prices

By Peter Sarmas on 31 Oct 2013 No Comments yet, your thoughts are very welcome

In spite of a fall in the number of first home buyers this year, it is widely predicted that first home ownership will make a big comeback in 2014. Though it would make more sense that potential first time owners will be put off by the rise in house prices, a closer look at the different elements within the housing market lends support to this optimism ...

On my High Horse – Giddy Up!

By Peter Sarmas on 30 Oct 2013 No Comments yet, your thoughts are very welcome

I’ve decide to jump on that high horse again and have a bit of a rant about the misinformation being dished up in the property market at the moment. What’s really getting up my goat are these so-called experts advising people to rent instead of buy under the belief that there will be a better time in a few years when the market collapses ...

Melbourne Auction Results – October 28, 2013

By Peter Sarmas on 28 Oct 2013 No Comments yet, your thoughts are very welcome

Is Melbourne witnessing a property boom? Not since 2010 have we seen so many properties on the market in one Saturday. This appears to be due to vendors trying to time their property sale between Grand Final day and the Melbourne Cup weekend. From the 1,317 auctions reported to the REIV so far, a healthy 74 per cent cleared at auction ...

Melbourne Property Market Update – October 19, 2013

By Peter Sarmas on 26 Oct 2013 No Comments yet, your thoughts are very welcome

Melbourne property prices jumped to record levels in the September quarter, though REIV chief Enzo Raimondo warned this may not be sustained over the long-term. First home buyers should also be aware of affordability issues when interest rates inevitably rise. The Melbourne market continued its upward growth cycle ...

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