Melbourne Property Market Update – March 8, 2014
By Peter Sarmas on 8 Mar 2014
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Melbourne Property Market Update – March 8, 2014
Despite the fact that Australia’s unemployment rate has reached its highest point in ten years, figures suggest the property industry may not be as severely affected as people expect.
• This week on Street News, Peter Sarmas examines how well the property market is performing in spite of the flagging local economy. The question is – will things stay on course during the autumn selling season?
• According to Louis Christopher of SQM Research, vendors are currently in no hurry to sell and existing stock is being absorbed at a quicker rate than usual.
• Have you been drawn to any auctions in Footscray this year? Buyer’s advocate Cate Bakos believes the much maligned suburb is on its way to surprising us all.
• We recently asked our Facebook followers to tell us what they found most frustrating when selling a property. Take a look at this list of their top ten answers.
• And first home buyers will likely welcome the REIA’s submission for the 2014/15 Federal Budget, which focuses on national housing affordability and how to help first home buyers get a foot on the housing ladder.
