In this week's market wrap Pete Wargeant reports on the Sydney real estate property market which seems to be locked in a "frenzy". We also look at Sharon Fox-Slater's report of tenants on low incomes- rural rooming houses, city “slums in the sky” and accommodation-for-sex advertisements are becoming symptoms of a tough rental market. ...
Will we see another rate cut this month? Peter Sarmas looks at the current state of the economy and in particular the data released on Capital Expenditure Spending (CAPEX). He also analyses the latest Westpac-Melbourne Institute Consumer Sentiment Index and survey which was conducted between the 11th and 16th of May. ...
Last weekend saw another big week for Melbourne property auctions with the East and Inner South areas showing the most strength for both houses and units. This week Peter Sarmas reports on new lending laws for property investors and he discusses the report released by Infrastructure Australia. ...
Following Treasurer Joe Hockey's “Have a Go” Budget, the Aussie dollar rising to 81 cents and the recent rate cut by the RBA, the property market is seeing a rise in multiple biddings, with many reserve prices being smashed. Peter Sarmas takes a close look at the outstanding auction results on Saturday and the incredible performance of private sales in the eastern suburbs. ...
Rising auction clearance rates this year have predictably translated into solid price growth. Melbourne’s median house prices increased by 2.2 percent over the March quarter to a new record high of $638,448. Peter Sarmas reports that the latest round of interest rate cuts seems to really have sparked some sort of frenzy in certain areas and for certain property types. ...
In this week's market wrap Peter Sarmas talks about this weekend's bumper real estate auction results and clearance rate. 905 properties were auctioned over the weekend with an 80 per cent clearance rate. He also discusses the Aussie share market and how it will impact the real estate property market. ...