Melbourne Property Market Update – August 1st, 2015
By Peter Sarmas on 1 Aug 2015
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Photo Source: www.expedia.com.au
Photo Source: www.expedia.com.au
Parking Fines To Help Fund Queen Victoria Market
Fees and fines added $5 million more than expected to Melbourne City Council coffers in the last financial year. The council raised about $80 million from parking, including half from fines, in 2014-15, Lord Mayor Robert Doyle says. The council is “squirrelling away” the surplus funds to pay for the Queen Victoria Market renewal project. Read more of the report from Sourceable Industry News.
Is Amazon The New King of Retail?
When Jeff Bezos founded Amazon as an online purveyor of books and then expanded the online giant into more and more verticals, he continually explained to investors that he wanted to forego short-term profits in favour of long-term diversification and domination of the businesses that Amazon entered. Has Amazon accomplished that? Martin North of Digital Finance Analytics looks at a report from Brandchannel.
How New York Is Influencing Australian Skyscraper Design
The cities of Melbourne and Sydney are looking for inspiration from New York as they find themselves not only suffering from a glut of decent-sized CBD development sites but also overwhelmed by a high demand from blue-chip companies wanting entire skyscraper floors to themselves. Read the full report from Sourceable Industry News.
Affordability Index Sees Fall In June Quarter
Australian Property News reports The Housing Industry Association (HIA) Affordability Index fell in the June 2015 quarter, signalling a deterioration in affordability conditions. Read the comments from HIA chief economist Dr Harley Dale.
ASIC Confirms Poor Underwriting Practices Were Used By Some Lenders
An official review of lending standards in the red-hot investor property market is set to reveal serious flaws in how lenders have been assessing customers for credit. Martin North of Digital Finance Analytics looks at a report from the Sydney Morning Herald (SMH).
PM’s Reputation Could Depend On Tradies’ Work
Upfront quotes, insurance checks and tenant feedback can help property managers avoid costly mistakes with their tradespeople. The most important aspect to consider when searching for tradespeople is whether they’re adequately insured and licensed. Find out more in this report from Residential Property Manager.
