By Peter Sarmas on 11 May 2013 No Comments
It has been an interesting time in the property market this week. The RBA shocked many by cutting 25 basis points from the official cash rate. Even more surprising was the fact that all banks passed on the full rate cut, which is great news for home buyers and mortgage holders ...
By Heather Scott on 10 May 2013 No Comments
After recently making headlines for her drunk and disorderly conduct in Atlanta, actress Reese Witherspoon is back in the news. The Oscar-winning star has purchased another neighbour’s home (that’s right, this isn’t the first time). Last year, after searching Los Angeles for a new home with husband talent agent Jim Toth, the couple decided to expand their current home instead ...
By Street News on 9 May 2013 No Comments
"Street News is the first ‘hyper-local’ real estate website of its kind in Australia,” said Peter Sarmas, founder and director. He defines the website as being focused on local real estate news, agent reviews and property intelligence – all critical when making a property-related decision. Streetnews.com.au will initially roll out in 549 suburbs across Melbourne, promoting not only homes for sale but also residential lifestyles ...
By Peter Sarmas on 9 May 2013 No Comments
The Reserve Bank (RBA) surprised many with the move Tuesday to slash interest rates by 0.25 per cent to their lowest level on record of 2.75 per cent. The official cash rate is now lower than it was post-GFC, when the RBA took emergency steps to encourage borrowing and spending with big 100 basis point rate cuts. ...
By Peter Sarmas on 8 May 2013 No Comments
New housing construction rose in March compared to February according to the latest New Home Sales survey, commissioned by the Housing Industry Association (HIA). The survey, released in May, incorporates Australia’s largest volume of builders. It revealed that seasonally adjusted new home sales rose by 4.2 per cent in March 2013, and new house sales ...
By Catherine Cashmore on 7 May 2013 No Comments
Another strong clearance rate of 71 per cent was recorded this weekend, once again giving foundation to the improved trend we’ve encountered since the beginning of the year. Unless Melbourne experiences a dramatic drop in stock over the winter months, it’s likely we’ll remain on the current path for the inner and middle ring suburbs ...
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