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.

Melbourne Property Market Update – November 15, 2014

By Peter Sarmas on 15 Nov 2014 No Comments yet, your thoughts are very welcome

Is the Melbourne Property Market Straining? This weekend the clearance rate was 68 per cent, which marks the first time it has slumped below 70 per cent since the first weekend of July. According to the Reserve Bank, the momentum in the Australian housing market is having a positive effect on consumer consumption ...

First Home Buyer Figures Understated

By Pete Wargent on 16 Oct 2014 No Comments yet, your thoughts are very welcome

A point that has been much discussed over the past year: the nonsensical figures being reported as fact regarding the level of first homebuyer activity. Even until relatively recently, the Reserve Bank was producing stats for first homebuyers which suggested that numbers were abnormally low after a spike caused by homebuyer grants ...

Abnormal Sales Listing Activity In September

By Louis Christopher on 9 Oct 2014 No Comments yet, your thoughts are very welcome

The number of Australian residential property sale listings decreased during September, signalling rapid stock level absorption, particularly in Sydney. This activity is abnormal, as listings normally rise at the start of spring. This implies the market remains strong, as buyers swoop in on stock, often before properties are formally listed ...

Housing Credit Increases In August

By Pete Wargent on 2 Oct 2014 No Comments yet, your thoughts are very welcome

The Reserve Bank released its credit aggregates for August, which showed aggregates for personal credit (+1.1 per cent) and business credit (+3.2 per cent) to be marginally higher over the past year. Typically this leads to debate about productive versus unproductive lending, but I don't think this is likely to change ...

Investor Demand For Housing Reaches Historic High

By CoreLogic RP Data on 12 Sep 2014 No Comments yet, your thoughts are very welcome

In the current climate, subsequent purchasers and investors are occupying the majority of housing finance demand. Looking at the same data but focussing on the proportion of total lending reconfirms the high level of lending to investors and subsequent purchasers. ...

Which Does Better: Capital City Or Regional Property?

By Pete Wargent on 11 Sep 2014 No Comments yet, your thoughts are very welcome

Household debt levels have long since peaked out, and as a result, we do not expect to see any meaningful regional property price growth in real terms. Interestingly, mortgage serviceability has improved dramatically in Australia in recent years as lending rates have fallen, so there may be a small window of opportunity for regional property ...