Melbourne Property Market Update – June 14, 2014

By Peter Sarmas on 14 Jun 2014
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Photo courtesy of: News.com

Naturally due to the Queen’s Birthday long-weekend a relatively low clearance rate was recorded over the weekend as many Melbournian’s enjoy a relaxed three day break.

• This week, buyer’s advocate Cate Bakos secures an affordable apartment surrounded by Melbourne’s best coffee and cake.

• Meanwhile the Reserve Bank of Australia has dropped off the FHB statistics from their monthly chart pack series.

• Australia on Collins has taken on a different complexion of late as tenants continue to move out in preparation for the centre’s considerable redevelopment.

• And sassy songstress Rihanna rents a $7 million high security concrete mansion in the Hollywood Hills after enduring issues with frequent stalkers.

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About the Author

Peter Sarmas is a Certified Property Investment Advisor (PIAA) and Vendor/Buyer Advocate. Before becoming the founder of Street News, Peter completed a Degree in Applied Science (Chemistry) and a Graduate Diploma in Property Valuations (Hons). Peter believes property investing is a major and potentially risky undertaking. In his view, everyone should have an independent person acting on their behalf when seeking property investment advice.