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Monthly Archive for May, 2011

The sound investment advice that you should – “Buy when everyone else is selling and sell when everyone else is buying” certainly rings true in the current property market. Despite the fact that we still have mortgage rates in the high 6% to mid 7% range, and great value property, suddenly the media is into […]

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More Market Talk

Enzo Raimondo, Chief Executive of the Real Estate Institute of Victoria, raised some interesting points about the property market last week. In an article printed in The Age Domain section he discussed the hotly debated ‘housing bubble’ and encouraged owners, buyers and investors to look to at long-term market performance.We all remember the significant fall […]

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              Peter Righetti, director of Sandhurst Real Estate presents the June sales market update [youtube]http://www.youtube.com/watch?v=AU6XE6LLeH4[/youtube]

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Independent property valuations are used for many different purposes. For example, the services of a valuer may be required by municipal authorities and state government to assess rate and taxation liabilities or to determine how much a property may be worth in the event of a compulsory acquisition. One of the main reasons a valuation […]

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The cost of being a tenant is rising at a rate unseen for some time, making saving a home deposit a challenge for many and leading others to wonder if they will be better off as a property owner.Capital city rents grew a solid 4.8% in the first quarter of this year alone, which is […]

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Preparing to Sell Fast

What makes a house go on the market, have a number of open for inspections in the first week and a contract in place shortly thereafter? Luck and/or price may have something to do with it but there’s a good chance that the vendor was fully prepared to sell the property. When gearing up to […]

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Melbourne Market Solid

The Melbourne property market remains solid this week despite some forecasts of a winter downturn. A Fitzroy North property fetched the highest house price at auction of $1.7 million over the weekend whilst a York Street, Prahran apartment sold for just under $2.5 million.Supply/demand ratios are favouring buyers at present however, well presented homes, marketed […]

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Housing supply ‘around equilibrium’

The supply of homes in Australia is “around equilibrium”, although dwellings are hugely overvalued, a property analyst says.Institute of Actuaries Australia fellow Anthony Street is bucking the view of many in the sector on supply, saying a property bubble will be averted if prices remain stable.While the property industry and banks talk about a shortfall […]

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Home-loan levels dive amid housing slump

AUSTRALIA’S housing-market slump continued in March as finance for home loans fell to a 10-month low and the industry felt the heat of higher interest rates as well as the effects of floods in Queensland at the start of the year. The state of the market suggests house prices will remain flat through 2011, especially […]

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The Australian housing market is not experiencing a shortage and rising interest rates will keep a lid on any further price growth, one property expert has warned. The comments come as this week’s auctions results have showed the market is still recording fairly underwhelming results, with clearance rates at levels consistent with the past few […]

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