The Wakelin Blog
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Saturday saw the release of the REIV’s median price data for the September 2011 quarter. The 2.8 per cent drop in the quarterly median price for houses in Melbourne confirms the trend that prices have been slowly softening since around May 2010. As is often the way, it has taken sellers that long to ‘meet the market’. In its release the REIV suggests that outer suburbs are performing better than inner suburbs...
Last night, Richard Wakelin was interviewed by Channel Seven News about the state of the Melbourne property market. See here (after short broadcaster's advert) for story, which includes his tips about where to buy and where to avoid. (Like this post? Click here to have future blog postings sent directly to your email)
We witnessed a fascinating, but ultimately frustrating panel discussion this afternoon at the Property Council-hosted Growth Summit Business Lunch , in Melbourne. Fascinating as the panel, broadcasters Virginia Trioli and Waleed Aly and writer Sophie Cunningham, provided an excellent discourse on the obstacles a rapidly growing Melbourne must surmount if we're to maintain our much-touted liveability status...
I want to let you in on a little secret. Despite all the media commentary about falling clearance rates, buyers sitting on their hands and vendors fretting about the value of their property, the Melbourne investment-grade property market is operating very effectively. Each weekend, there are around 20 properties scheduled for auction in Melbourne that we have identified as investment grade...
Meeting accommodation requirements and proximity to amenities dominate the preferences of Australians’ housing needs, according to a study by the Grattan Institute. A total of 706 Australians across Melbourne and Sydney were asked to rate their preferences across 56 criteria within four categories: house features, security and safety, convenience and access, and attractiveness of environment...
