Melbourne Property Market Updates

Our daily Melbourne property market updates are written by experienced property commentators, buyer advocates and investment experts. All have their finger on the pulse of the Melbourne property market.

Concerns for Recovery Grow as Loans Drop and First Home Buyers Exit

By Peter Sarmas on 4 Nov 2013 No Comments yet, your thoughts are very welcome

Demand for new home loans fell for the first time this year, heightening concerns about the sustainability of the fragile and multi-paced housing recovery. The ABS housing and finance data shows a drop in both the value and number of housing commitments for August. Seasonally adjusted figures indicate that overall mortgages fell ...

Melbourne Property Market Update – November 2, 2013

By Peter Sarmas on 2 Nov 2013 No Comments yet, your thoughts are very welcome

In the lead up to next Tuesday’s Melbourne Cup, the property market has been flooded with new properties. Though the number of auctions expected this weekend is much lower due to the public holiday, REIV CEO Enzo Raimondo did not expect this to affect vendors’ chances of selling their homes ...

First Home Buyers to Surge in 2014 Despite Rising House Prices

By Peter Sarmas on 31 Oct 2013 No Comments yet, your thoughts are very welcome

In spite of a fall in the number of first home buyers this year, it is widely predicted that first home ownership will make a big comeback in 2014. Though it would make more sense that potential first time owners will be put off by the rise in house prices, a closer look at the different elements within the housing market lends support to this optimism ...

Count The Cost When Renovating

By Bradley Beer on 31 Oct 2013 No Comments yet, your thoughts are very welcome

Before you wage a renovation war on your property, there are several costs renovators often overlook when checking the feasibility of their job. After all, when you’ve got a tight budget, the last thing you want to do is to come up against unexpected costs that should have been factored in at the initial planning stage ...

On my High Horse – Giddy Up!

By Peter Sarmas on 30 Oct 2013 No Comments yet, your thoughts are very welcome

I’ve decide to jump on that high horse again and have a bit of a rant about the misinformation being dished up in the property market at the moment. What’s really getting up my goat are these so-called experts advising people to rent instead of buy under the belief that there will be a better time in a few years when the market collapses ...

Melbourne Property Market Update – October 19, 2013

By Peter Sarmas on 26 Oct 2013 No Comments yet, your thoughts are very welcome

Melbourne property prices jumped to record levels in the September quarter, though REIV chief Enzo Raimondo warned this may not be sustained over the long-term. First home buyers should also be aware of affordability issues when interest rates inevitably rise. The Melbourne market continued its upward growth cycle ...