Melbourne Property Market Update – November 23, 2013

By Peter Sarmas on 23 Nov 2013
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Photo: Images of Money

This week, a study released by Mortgage Choice revealed that Australians are confident about their finances. This optimism is said to be due to a succession of positive economic data. Property prices are also climbing at a steady rate.

• Peter Sarmas consulted property expects who attended a number of auctions in order to gauge the strength of the property market.

• Meanwhile, buyer’s advocate Cate Bakos had a successful weekend purchasing a Cheltenham property – though she did face some difficulties with a real estate agent.

• Why do Chinese immigrants find Australian property so attractive? Here are some of the most common reasons.

• Have you ever wanted to see inside Julia Gillard’s Altona house? You can indulge your curiosity at the open for inspections this weekend.

• Finally, a French pop-up village is set to take over Como Gardens until Sunday in honour of the Melbourne French Festival. There will be market stalls, cooking classes and roaming entertainment. You can even learn how to open a bottle of champagne the old fashioned way – with a sword!

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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.