Melbourne Property Market Update – September 26th, 2015

By Peter Sarmas on 26 Sep 2015
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Long-run Trends In Housing Price Growth

What is driving long-run trends in Australian housing price growth? The RBA in their latest edition of The Bulletin look at housing supply, inflation and population growth. Martin North of Digital Finance Analytics offers a different opinion.

Canberra Casino To Get $330m Revamp

Canberra Casino’s owner is planning a $330 million makeover, including world class gaming, entertainment and retail facilities to give it a “wow” factor. Sourceable Industry News looks into plans and expectations for the development.

Residential Real Estate Now Worth $5.76 Trillion

The ABS released their data on capital city house prices, to June 2015. Total property is now worth $5.76 trillion, reflecting recent significant price rises in Sydney and Melbourne. Martin North shares the data.

Malcolm Turnbull Wants To Embrace ‘Disruptive Technology’

While predecessor Tony Abbott placed his faith in fossil fuels and expressed a distaste for renewables, Australia has been quietly but dramatically embracing solar energy. Find out why Australian households and businesses will be switching to renewable energy.

Nab Offers Mortgage Via Brokers Frequent Flyer Point Incentive

The mortgage wars just stepped up another gear! In a sign of the highly competitive nature of home loans, NAB has announced a major frequent flyer offer for broker-introduced clients targeting owner occupied loans. What does NAB want in return?

First Home Buyers And The Property Ladder

Property is a long term game, slow and steady wins the race however, with regards to the current economic climate, the property ladder for the majority of first home buyers is akin to climbing Mount Everest. Read this interesting report from Urban Melbourne.

 

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.

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