Melbourne house prices static

September 26, 2010 Posted by Chris Thursfield

Melbourne property prices experienced another month of near zero growth in August, with the market putting in its second weakest performance of the year.

Analyst Residex reported that Melbourne house values rose just 0.33 per cent last month (apartment values fell1.03 per cent).

That was only marginally better than the 0.27 per cent growth in house values recorded in May, when the market was commonly said to have ‘‘turned’’ after Anzac Day.

Residex chief executive John Edwards said Melbourne’s market peaked in April when the growth rate hit 3.2 per cent in a single month, declining steadily but not uniformly since then. – Click here for the rest of the article (Source: Insight Property Website)

Print This Post Print This Post

The art of making a good investment is a question of style

September 26, 2010 Posted by Chris Thursfield

IT seems young Melbourne home buyers can’t get enough of the clean lines and geometric shapes of Art Deco architecture. Real estate agents have reported a rush on anything displaying the movement’s distinctive hallmarks as the city’s collective appreciation for the style grows.

The buildings are starting to be looked at with the sort of reverence that became attached to the much older Victorian buildings when the heritage movement gained momentum in the 1970s.

“We had four offers of the full asking price straight away and we ended up selling it that day for $31,000 over what the vendors were asking,” Mr McIntosh said.

He said the company had sold 40 others in the same building over the past four years and had watched the prices rocket along with demand.

Click here for the rest of the article (PressDisplay Website)

Print This Post Print This Post

On the rebound from a winter of discontent

September 18, 2010 Posted by Chris Thursfield

Spring may be here but there are signs that Melbourne’s property market is missing some of the bounce usually seen in its step at this time of year. After a record-breaking autumn that turned into a decidedly lacklustre winter performance, there are plenty of questions about what’s in store for the rest of the year.

With that in mind, here’s a guide to the trends predicted to shape Melbourne’s spring market.

Supply

Traditionally, the spring market sees a surge in the number of properties listed for sale as buyer interest picks up after the winter lull and then peaks close to the Christmas holidays.

Click here for the rest of the article (smh.com.au Website)

Print This Post Print This Post

Apartment living gets a villagefeel in luxury developments

September 12, 2010 Posted by Chris Thursfield

FORGET apartment blocks — the age of the ‘‘vertical village’’ has arrived. And far from the skyhigh stacks of shoe-box dwellings that many associate with apartment living, the modern variant promises levels of comfort rarely experienced outside expensive hotels.

From poker rooms and massage parlours — the classy kind — to dial-a-chef services and beauticians, the new breed of luxury apartment blocks offer plenty more than a friendly concierge and a sparkling lobby.

A handful of developers has bought some premium Melbourne real estate and been busily working to discredit the notion that highdensity living creates community-free zones.

Click here for the rest of the article (PressDisplay Website)

Print This Post Print This Post

Bank accounts to become debt traps

September 10, 2010 Posted by Chris Thursfield

Personal bank accounts could become debt traps if proposed changes are made to them, one industry expert has warned.

According to Consumer Action Law Centre’s Nicole Rich, financial organisations are attempting to boost their profits by enticing people to take out an overdraft on a transaction account.

Click here for the rest of the article (which4u.com.au Website)

Print This Post Print This Post
  • JPP Announcements

  • Weekly Stats:

    Monday 14th May
    Total Auctions 591
    Passed In 221
    Passed in after Vendor's Bid 135
    Sold Before Auction 67
    Sold at Auction 302
    Sold after Auction 1
         Clearance Rate 63%
    Total Private Sales 564
    Source: REIV, week ending 13/05/2012
    It usually takes a while longer for the media and others to see what is happening in the market place. But realistically it only took a month this time around....Read More »
  • Quick Links




  • RSS
  • Newsletter
  • Facebook
  • LinkedIn
  • Twitter
Return to Top ▲Return to Top ▲