Melbourne Property Market Update – March 1, 2014
By Peter Sarmas on 1 Mar 2014
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Investors are swarming the real estate market – leaving first home buyers behind
Photo: Donald Y Tong
Although property investment is expected to surge this year, the first home buyer market has dwindled to a historic low. According to John Edwards of Residex, investors are pushing first home buyers out of the market.
• This week on Street News, Peter Sarmas concurred that investors and upgraders are thriving in the current market.
• Buyer’s advocate Cate Bakos experienced this first hand during a fast-paced auction in Melbourne’s south-east.
• For those pondering the age old question of whether to rent or buy, it may be of interest to know that having equity in housing is strongly linked to being wealthy.
• When vacancy rates are high, prospective tenants can afford to be more choosey. Here are some things landlords can do to compete for their attention.
• And for those of you juggling house inspections, dieting and exercise, did you know that fat isn’t the evil we make it out to be? According to health and wellbeing expert Dr Trevor Chetcuti, fat helps our bodies function properly.
