Melbourne Property Market & Prices

Visit Melbourne Property Market & Prices for updates about all the latest Melbourne property market news, prices, forecasts and updates in 2013.

Chinese Buyers Flock to Gold Coast Property Market for Bargains

By Kristie Kwok on 13 Dec 2013 No Comments yet, your thoughts are very welcome

Thanks to price declines of up to 50 per cent in some parts, Chinese buyers are hunting for property bargains in the Gold Coast. According to Darrell Irwin of Colliers International, the current wave of Chinese investment in the Gold Coast has the potential to be just as big, if not bigger, than the Japanese boom of the 1980s ...

Property Market Not Softening

By Louis Christopher on 12 Dec 2013 No Comments yet, your thoughts are very welcome

Each week, SQM Research updates its vendor asking prices index, which was released earlier this year. So far, they have been happy with the way the index has been tracking compared to the ABS house price series. As can be seen, the Index at the capital city level has recorded a recovery in real estate prices this year ...

Melbourne Property Market Update – December 7, 2013

By Peter Sarmas on 7 Dec 2013 No Comments yet, your thoughts are very welcome

An unprecedented swell of activity will drive the Australian property market along until just days before Christmas. A recent property report has also confirmed that market activity will be solid in 2014, leading to a likely national median house price increase. In his weekend market wrap, Peter Sarmas consulted several real estate experts ...

What Causes Auction Results to Fly Past the Quoted Range?

By Cate Bakos on 6 Dec 2013 No Comments yet, your thoughts are very welcome

Buyers get very frustrated when auction results exceed the quoted range; and justifiably so. Interested buyers invest emotional energy, precious time and valuable dollars when they shortlist and pursue a suitable property. So why is it that some properties sail past their quote ranges while others don’t? There is not just one possible reason ...

Property exposed!

By Street News on 5 Dec 2013 No Comments yet, your thoughts are very welcome

The Australian Prudential Regulation Authority (APRA) has recently begun to release data on the exposure to the property market by ADIs on a quarterly basis. The data is a welcome inclusion to the regular data flow and provides great insight into the type of lending that banks, credit unions and mutuals are undertaking ...

First Home Buyers in Mortgage Distress

By Kristie Kwok on 5 Dec 2013 No Comments yet, your thoughts are very welcome

Despite low lending rates, 53 per cent of first home owners are said to be in mortgage distress. This alarming statistic comes from a First Homeowner survey conducted by Mortgage Choice in September, in which a thousand respondents took part. The results raise questions about lending standards ...