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How much has YOUR Melbourne suburb increased in value over the last 20 years?

They say “a rising tide lifts all ships” – but that hasn’t been the case for the Melbourne property market. Recently Domain ran a feature outlining how Melbourne property prices have changed over the last 2 decades. What it showed was that in the case of Melbourne house prices there has been a dramatic widening of the divide…

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Summer heated up over the weekend & so did clearance rates

The combined capital city preliminary clearance rate rose this week to 75.0 per cent, up from last week’s final clearance rate of 73.0 per cent. This week’s auction market results indicate that clearance rates are maintaining strength coming into summer, a trend that is very different compared with last year’s performance when auctions clearance rates…

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RBA Survey: Christmas calls for cash rate hold, but out-of-cycle rate hikes to reappear in 2017

Consensus remains the cash rate will be untouched at the Reserve Bank’s board meeting tomorrow, however, out-of-cycle rate hikes could shape a more turbulent lending market in the new year, according to finder.com.au. All 35 leading Australian economists and experts from the finder.com.a RBA survey are expecting the cash rate to hold for Christmas.   However,…

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