New research shows that the first 30 days after a new property is listed for sale are the most crucial. It’s during this 30 days that the property will have its most views.
Strong auction sales and rising prices in Melbourne’s easten suburbs have undone the falls and slump of 2010-2012.
Interest rates today took another quarter of a per cent drop, stooping to their lowest levels since 1959.
An improving housing sector has been reflected in new Bureau of Statistics figures that show an increase in home loan approvals.
The RBA has warned banks to maintain their lending standards while record-low interest rates fuel demand for new home loans.
The Reserve Bank says homeowners have used between 50 and 90 per cent of the money saved from ongoing interest cuts to pay down their mortgages ahead of schedule.
Despite the Australian dollar’s recent recovery, RBA October minutes suggest there will be no change to interest rates next month.
Geelong’s suburb of Rippleside is the state’s best performing regional location, with its median house price jumping 32 per cent in the last 12 months.
Moonee Ponds is set for a major retail and residential development after its Hall Street site was bought for $23 million by Leighton Properties.
Finance experts are saying the cheap home-loan cycle may have come to an end as fixed-term interest rates have risen for the first time in three and a half years.
