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.

Prior to Federal Budget, Consumers Upbeat about Property Market

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

Results from the third RP Data-Nine Rewards consumer sentiment survey in May revealed that consumer attitudes are more positive than negative when it comes to Australia’s current housing market. The survey incorporated responses from 1,030 participants ...

Melbourne Property Market Update – June 1, 2013

By Peter Sarmas on 1 Jun 2013 No Comments yet, your thoughts are very welcome

As we gear up for next week’s Reserve Bank cash rate announcement, a number of factors are hindering strength in the property market. According to Cameron Kusher of RP Data, buyers looking to purchase a home in the near future are holding out for improved confidence ...

Negative Consumer Sentiment May Impact Future Housing Market

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

In the past, low interest rates tend to propel a buying frenzy in the property market, but according to RP Data research analyst Cameron Kusher, a predominantly negative buyer sentiment is standing in the way of what would be an otherwise flourishing market ...

HIA Paper Reveals Sharp Deterioration of Renovation Approvals

By Peter Sarmas on 29 May 2013 No Comments yet, your thoughts are very welcome

Investment into property renovation is continuing its trend south according to a Housing Industry Association (HIA) discussion paper titled, “Renovations Activity: The recent deterioration and outlook.” It revealed a sharp decline in renovation lending over the past two years. According to the paper, there have been five consecutive reductions in the value of investment into renovations since the September quarter of 2011 ...

Fisher’s Money Illusion

By Pete Wargent on 28 May 2013 No Comments yet, your thoughts are very welcome

In 1928, Irving Fisher wrote an important book called The Money Illusion, which explained how we as humans tend to think in currency in nominal terms rather than real terms. It’s an illusion, particularly because now in the modern era we have fiat currencies ...

Increased Confidence Drives Melbourne Auctions, Though Quality Listings Drop

By Catherine Cashmore on 28 May 2013 No Comments yet, your thoughts are very welcome

We’re slowly approaching the winter market, and in line with seasonal expectation, quality listings are reducing and state-wide median prices are softening. RP Data’s daily index shows a 1.2 per cent decline in capital city home values and SQM’s stock on market data indicated a -1.1 per cent fall over April ...