By Peter Sarmas on 4 Aug 2014 No Comments yet, your thoughts are very welcome
Housing affordability seems to be back on the agenda. The REIA told the latest federal inquiry into affordable housing that home ownership in Australia has been declining after four decades of stable levels. So what are some of the options available to the government to help improve property affordability? ...
By Peter Sarmas on 28 Jul 2014 No Comments yet, your thoughts are very welcome
Property agents are anticipating a strong August as vendors try and beat the spring rush. This winter’s consistently strong Melbourne property auction clearance rate has set the tone for what’s expected to be a positive finish to the year. Building activity data released earlier this week by the ABS shows that the recent property boom in dwelling approvals ...
By Peter Sarmas on 21 Jul 2014 No Comments yet, your thoughts are very welcome
While we were once witnessing 1,000 property auctions on a single Saturday, we’re now seeing fewer than 500 auctions on a weekend, which is reflective of the colder months and the belief that better prices are achieved during the spring selling period (though this is not always the case) ...
By Peter Sarmas on 14 Jul 2014 No Comments yet, your thoughts are very welcome
Now I don’t mean to sound like a spruiker but this is a question that’s been plaguing the property media for some time. It has left many potential Melbourne property buyers and sellers very uncertain. As well as briefly discussing the Melbourne property market over the weekend, I thought we would take a look at why I don’t believe we are entering a housing bubble ...
By Peter Sarmas on 7 Jul 2014 No Comments yet, your thoughts are very welcome
The Melbourne property market marches on. According to REIV the property clearance rate of 74 per cent was recorded this weekend compared to 73 per cent last week and 68 per cent on this same weekend last year. In 2014, about $9.8 billion in homes have been sold at auction. This figure is 41 per cent higher than this time last year ...
By Peter Sarmas on 30 Jun 2014 No Comments yet, your thoughts are very welcome
Melbourne auction properties results are showing properties are either selling on auction day or within a week after the auction. Consequently, despite the beginning of school holidays and an expected quieter period for property sales during winter it’s anticipated that the property clearance rate may not vary too much downward ...
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