Melbourne Property Market Update – July 26, 2014
By Peter Sarmas on 26 Jul 2014
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Government House will be free to visit this weekend
Photo: Greg O’Beirne
Though the property market has slowed down due to the chilly weather, house prices have jumped in many of the capital cities. In fact national house prices grew 10 per cent over the financial year to a median of $628,000.
• In his weekly market commentary, Peter Sarmas considers how the property market performed during the June quarter, and which areas are demonstrating the most substantial house growth.
• After helping an SMSF investor purchase a property in Yarraville, buyer’s advocate Cate Bakos discusses why location means everything.
• Figures released by SQM Research have revealed that the number of residential vacancies increased during June.
• How do you craft an effective property listing? There are several aspects to consider, including the quality of the photos, the headline and the content itself.
• And this weekend Melbourne residents can explore buildings normally closed to the public at Open House Melbourne, the annual (and free) family-friendly event. Indulge your curiosity at over 100 different locations across the city, including Government House, Victoria Barracks and Circus Oz HQ.
