Melbourne Property Market Update – May 31, 2014
By Peter Sarmas on 31 May 2014
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This week the Melbourne property market held firm in spite of a large number of auctions that took place over the weekend. However, lack of consumer confidence has made buyers more cautious.
• In his weekly auction wrap Peter Sarmas attempts to gauge the markets strengths and weaknesses through first-hand experience.
• Meanwhile, Cate Bakos offers some clever buyer’s tactics at an auction in Ivanhoe.
• Illuminating cities for art is the new in thing. How can we understand this growing global enthusiasm?
• RP Data have established that a large number of auction records have been broken in the Melbourne market since the begining of 2014.