By Peter Sarmas on 18 Nov 2013 No Comments yet, your thoughts are very welcome
When I sat down for my dose of The Financial Review on Sunday afternoon, I couldn’t help thinking we are either entering a boom or we are already in one. It almost feels like the late 1980s when massive successes were regularly paired with tales of corruption and criminal entrepreneurs Bond and Skase dominated the news ...
By Peter Sarmas on 11 Nov 2013 No Comments yet, your thoughts are very welcome
A raft of news was released last week, which is sure to keep people guessing about the future of our economy and therefore the future of our housing market. The RBA met last Tuesday on Melbourne Cup day to make its much anticipated decision to keep rates on hold at 2.5 per cent. Then on Friday, the RBA released its quarterly statement ...
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 ...
By Peter Sarmas on 21 Oct 2013 No Comments yet, your thoughts are very welcome
This week’s big news hardly registered a mention again, but the US managed to avoid defaulting on their debt and raised the debt ceiling. As a result, stock markets around the world did not collapse. Phew! As expected, the Republicans agreed to raise the debt ceiling at the eleventh hour, after playing hardball for weeks ...
By Peter Sarmas on 14 Oct 2013 2 Comments
Melbourne turned on a glorious Saturday this weekend. With a reported 826 auctions going under the hammer, there was really no excuse for a poor showing. The city recorded a solid 76 per cent clearance rate on a very good volume of properties. This weekend was expected to either solidify a growing trend that the Melbourne property market ...
By Peter Sarmas on 7 Oct 2013 No Comments yet, your thoughts are very welcome
The main news last week was that the Reserve Bank of Australia decided to leave the cash rate on hold at 2.5 per cent. Further RBA interest rate cuts are now looking more remote as the housing sector recovers and business and consumer confidence improves. Globally, the main concern was the US government shutdown ...
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