News

The property downturn worst could be over as the Melbourne and Sydney property markets look to have stabilised.

While the housing market in Melbourne continues its downturn the office market boom shows no sign of abating.

The Reserve Bank has cut rates to a new record-low of 1 per cent and it isn’t backing away from criticism by saying it’ll cut again if it has to.

Analysis from a large Australian property valuation company shows our major mainland capital cities are at the bottom of their price cycle after a lengthy period of low clearance rates, price drops and falling confidence.

Melbourne property sellers appear to be testing the waters and waiting to see where the market goes next after agents and auctioneers reported reduced stock levels this weekend.