Melbourne Property Market Update – April 5, 2014
By Peter Sarmas on 5 Apr 2014
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While the RBA surprised nobody when it announced that interest rates would be kept on hold on Tuesday, there have been further calls to quell high investor activity. Aussie Home Loans urged the federal government to help first home buyers who are being priced out of the market, by introducing a 10-year housing plan.
• House prices are certainly hitting new highs. On Street News this week, Peter Sarmas considers whether or not we are entering what other commentators have called a ‘danger zone‘ for house prices.
• Louis Christopher chimes in with his opinion, stating that the Australian property market is not massively overvalued, and reports to the contrary are unnecessarily negative.
• Meanwhile, Cate Bakos considers why Highett is a great alternative for buyers wanting to get into pricey Sandringham or Hampton.
• Unsuspecting property investors can be left out of pocket by thousands if they fall victim to these common insurance pitfalls.
• And if you’re curious about how much The Block properties are actually worth, take a look at this list of pros and cons likely to affect each apartments’ final selling price.
