Melbourne Property Market Update – May 2nd, 2015
By Peter Sarmas on 2 May 2015
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The Block Auctions Photo Source: news.domain.com.au
Long-awaited reforms to strata laws in Western Australia promise to have a dramatic impact upon the state’s urban landscapes. Gordon Lane from Sourceable Industry News reports on reforms to address rapid changes in the state’s real estate market, population gains and strata-style property arrangements.
New listings added to the residential property market are lower than the same time last year
Shana Miller from CoreLogic RP Data analyses the number of new listings added to the national residential real estate property market over the last 4 week period.
What are costs looking like in QLD, NSW and VIC?
Falling resources prices, sharp declines in the value of oil and stagnating growth are impacting on global confidence, but Australia is weathering the storm. David Mitchell from Sourceable Industry News discusses, in this comprehensive report, what it means for construction costs on the east coast of Australia.
Mixed messages from governments on poles and wires
According to the Australian Energy Regulator (AER), unexpected events that lead to substantial overspend by owners of poles and wires is capped to 30 per cent while the rest can be transferred through to the consumer. Richard Robinson of Sourceable Industry News provides a full report on the affect this will have on the consumer and the wider community’s health and safety.
The State Government will proceed with a review of the Fishermans Bend Strategic Framework Plan. Find out more about the proposed and approved planning applications for the City of Port Phillip in this report from Urban Melbourne.
Records fall in Block auction madness
The Block couples hit the world’s biggest pay day ever seen on TV when their South Yarra apartments went under the hammer in an absolute auction frenzy. Find out what happened on auction night and what’s in store for the contestants now.
