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Monthly Archive for June, 2015

Positivity continues to surround the Melbourne real estate market as winter sets in. The cooler weather has done little to dampen buyer enthusiasm with reports from the REIV revealing May to be the strongest month for auctions so far this year. 79% of properties sold from 5,000 auctions held. And 81%, metropolitan Melbourne has recorded […]

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The Real Estate Institute of Australia (REIA) says that Australia’s housing market continued its growth in the first quarter of 2015, according to the latest Bendigo Bank/REIA Real Estate Market Facts publication. The REIA President Neville Sanders says, “The weighted average, capital city median price increased by 2.4% for houses and 1.5% for other dwellings.” […]

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Melbourne The vacancy rate for the rental market in Metropolitan Melbourne was at 3.0 per cent in April 2015, for the third consecutive month. As a result of increased vacant space, the median rents for both houses and units declined respectively by 1.3 per cent to $395 per week and 2.5 per cent to $390 […]

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If you’re thinking of investing, purchasing a new home or refinancing, now is a great time to get in touch with your mortgage broker. In June, the Reserve Bank of Australia decided to hold official cash rate to 2.0 per cent. This is great news if you’re in the market to purchase a property. Aqua […]

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At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. The global economy is expanding at a moderate pace, but some key commodity prices are much lower than a year ago. This trend appears largely to reflect increased supply, including from Australia. Australia’s terms of trade are falling […]

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