FIRST home buyers are being priced out of the market by interest rate rises and skyrocketing utility prices. Finance approvals to first home buyers have fallen to six-year lows and made up 15.5 per cent of the total loans market in August, according to Australian Bureau of Statistics data released yesterday. CommSec economist Savanth Sebastian […]
FIRST home buyers are being priced out of the market by interest rate rises and sky-rocketing utility prices. Finance approvals to first home buyers have fallen to sixyear lows and made up 15.5 per cent of the total loans market in August, according to Australian Bureau of Statistics data released yesterday. Comm Sec economist Savanth […]
FIRST home buyers are being priced out of the market by interest rate rises and skyrocketing utility prices. Finance approvals to first home buyers have fallen to six-year lows and made up 15.5 per cent of the total loans market in August, according to Australian Bureau of Statistics data released yesterday. CommSec economist Savanth Sebastian […]
BUYERS seem to be sharpening their negotiation skills. as agents report an increasing number of properties selling after auction. From the 708 auctions held last week, the clearance rate was 68 per cent, dipping below 70 per cent (for the first time since mid-September, A year ago. the clearance rate was 82 per cent from […]
Patchy is a word that is often used to describe the current state of Melbourne’s property market. Despite attempts at predictions, agents and analysts by and large agree it’s difficult to draw definitive conclusions about where the market is heading. While the city-wide clearance rate has stabalised in recent months, when viewed suburb by suburb […]
It pays to find out as much as you can about a property before making an offer. Doing some research before you buy can help ensure the house you’re purchasing is the one you want — for now and the future. While the law requires certain information to be disclosed in a vendor’s statement — […]
In 2011,wiIl the Melbourne property market be like Sydney’s in 2004 or Perth‘s in 2007? Or will it be like, well, Melbourne’s in 2010? Property prices in Sydney, Perth and Brisbane dropped back in those years, after racing ahead of other capital cities. RP Data analysts now expect a similar trajectory for Melbourne house and […]
The bidding has reached the $790,000 mark when the auctioneer lets the 30 or so people gathered in the street “in on a little secret” – the property is on the market. In the space of 10 seconds, the bidding rises in increments of $10,000 seven times. The auctioneer paces back and forth. He pitches […]
MELBOURNE’S rental crisis has become so extreme that some low-income families have to sacrifice necessities to keep a roof over their heads. While low-income tenants are being hit hardest, rising rents are also making it harder for average income earners to make ends meet. The median weekly rent in the metropolitan area reached $340 in […]
Many bidders attend auctions without a proper plan of attack, often at great cost. The bidding has reached the $790,000 mark when the auctioneer lets the 30 or so people gathered in the street “in on a little secret” — the property is on the market. In the space of 10 seconds, the bidding rises […]
