Melbourne Property Market Update – February 22, 2014
By Peter Sarmas on 22 Feb 2014
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Unemployment has reached GFC levels
Photo: Michael Raphael
Unemployment rates released last week reveal that joblessness in Victoria has reached its highest level since January 2002.
• In his weekly market commentary, Peter Sarmas considers the impact this could have on future interest rate decisions by the RBA.
• Buyer’s advocate Cate Bakos extols the virtues of Fitzroy North, which enjoys the same amenities as its neighbours but larger block sizes.
• Do you think where you live can has a strong impact on your health and wellbeing? There’s certainly evidence to back this up.
• Recent survey results suggest a number of first home buyers are using property negative gearing to enter the housing market.
• It seems even the rich and famous aren’t safe from visitors that go bump in the night. Several celebrities have purchased million dollar properties – only to discover they’re haunted.
• And Melbourne will dazzle during White Night tonight. Take a look at this guide for surviving the vibrant all-night festival.
