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Tag Archive 'market'

Melbourne’s housing market has continued to experience strong growth in house prices, despite major banks raising mortgage rates for both investors and owner-occupiers in recent months. The median house price for Melbourne broke yet another record in the September quarter, increasing 4.5 per cent to $729,500. Houses within the inner metro segment saw the largest […]

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The Reserve Bank left the cash rate unchanged at 2.5 per cent in July 2014 as was expected. The statements from the Reserve Bank reiterated that a ‘strong expansion’ in housing construction is now underway with dwelling prices increasing, although at a slower pace in recent months. With inflation remaining within the target range, interest […]

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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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A recent blog posted on the Real Estate Institute of Victoria website shed some interesting light on changes to property values and cost trends over the last decade. Melbourne’s current median house price is $590,000. This is 103% higher than the $291,000 recorded at the same time in 2001. A decade ago the stamp duty […]

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June quarter figures released by the Real Estate Institute of Victoria reveal positive and sustainable results across Melbourne and regional Victoria’s residential property market. The median price of a house in Melbourne has increased by 5.4% to $590,000 from $560,000 in the March quarter and by 5.7% in the last 12 months. The top performing […]

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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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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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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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AUSTRALIA faces a prolonged housing affordability crisis with the last bastion of cheap housing – new suburbs on city fringes – moving out of reach of most first-home buyers, research shows.At the end of last year, three out of 10 lots for sale in new housing estates were accessible to average-income first-home buyers, a study […]

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