Melbourne Property Market Update – August 9, 2014
By Peter Sarmas on 9 Aug 2014
No Comments yet, your thoughts are very welcome
This weekend Australia will witness the brightest moon of the year.
Photo: Omar Bariffi
Housing affordability seems to be back on the agenda. According to the Real Estate Institute of Australia (REIA), home ownership in Australia has been declining after four decades of stable levels.
• Peter Sarmas discusses existing developments that are improving affordability, and strides the government could be making on the issue, such as abolishing stamp duty.
• When chasing a historical property in Hawthorn East, Cate Bakos had to identify the property’s realistic market value – or risk missing out altogether.
• Property investors appear to be bouncing back after becoming uncertain in the face of the federal budget.
• According to new data, demand for mortgages in Australia is at its second highest level in history.
• And for the astronomers among you, Sunday’s moon will be the brightest supermoon of the year (meaning it will be closest to the Earth on that day). The Age has some suggestions for the best vantage points.
