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Monthly Archive for October, 2012

Both State and Federal Governments are now focusing their First Home Purchaser grants and concessions to those who are building a new home. Recently the New South Wales government introduced a new scheme and already after less than 2 weeks, there has been a jump in those purchasing land as well as new apartments. Governments […]

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The announcement of the September quarter Consumer Price Index brought with it a small wave of hope that official interest rates could now be cut by the Reserve Bank on Melbourne Cup Day. The reason? Wednesday’s CPI came in at 2% for the year, which means the underlying inflation figure should still be at the […]

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Running Hot

Replacing a hot water system is often done in a hurry in order to avoid weeks of cold showers when the old system finally throws in the towel. Investing a little time to explore the current options, however, will not only save money it’s also likely to be kinder on the environment. Water heating in […]

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Sandhurst 11 years on

Some of our readers will remember Sandhurst in 2001 – or where Sandhurst was going to be built.  The site was a gently undulating farm with some sensational old River Redgums.  The Marriott family still lived on site in a house located about where the 17th green on the Championship course now sits.  Land started […]

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Making sense of the census

The 2011 Census has shed much light on population growth as well as home ownership variation across Melbourne. The data can be particularly useful for property investors but also for regular buyers and sellers as well. The REIV recently analysed key data relating to Victoria households and real estate: The impact of increasing dwelling density […]

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Forecasters BIS Shrapnel anticipate stronger housing market conditions ahead for Sydney, Perth, Brisbane and Darwin, but warn that a boom in house prices would not be good for a sustained recovery of the market. “I am hoping that stronger conditions [in these markets] does not mean a boom in house prices,” said BIS Shrapnel managing […]

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Sprucing up the Spare Room

Have you invited friends or relatives to stay with you this festive season? How’s the spare bedroom looking? It’s not uncommon for this room to stand rather neglected or even develop into the multi-purpose ‘junk’ room. But with a little thought and effort, the spare room in your home can become the tranquil oasis your […]

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Market Trending Upwards

The Real Estate Institute of Victoria (REIV) has just released its September quarter median figures. They are an excellent indication of how the market is tracking across Melbourne as well as in Victoria’s regional hubs. The latest data show that the residential housing market continues to remain stable with some areas now trending slightly upwards. […]

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The property market has delivered yet another weekend of solid results with clearance rates above 60%, adding to hope that a prolonged period of economic stability and interest rate cuts will continue to send prices higher. The news follows the release of figures from RP Data which showed prices increased 1.2% in September, while the […]

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The Law on Disclosure

Ever wondered why you can find out the sale price of some properties but not others? Recent commentary made by Real Estate Institute of Victoria’s chief executive Enzo Raimondo describes how there are laws in place protecting people’s privacy when they do not want to disclose the sale price of their home. Mr Raimondo says […]

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