July market update – Melbourne Australia fyi

The Melbourne housing market has reached a stagnation point, with no growth or decline recorded for June.

The Real Estate Institute of Victoria (REIV) released figures last week showing the median house price in Melbourne remained at $535k.

CEO Enzo Raimondo blamed ‘broad economic factors’ of slow population growth and low consumer confidence as contributing factors.

“Both buyers and sellers are approaching the market in a conservative manner. This is translating into a lower number of sales than is present in a strong market and as a result, no real price growth has been recorded.

“The real estate market moves in cycles and, after the initial price falls in 2011, it is now in a period of stability marked by low activity,” he said.

Raimondo believes the market will remain like this for some time.

Meanwhile, private sales in Melbourne had increased by 2.1%, while those sold at auction decreased by 2%.

The suburbs of Balwyn and Malvern East also saw increased value and demand.

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Linda & Carlos Debello

LJ Gilland Real Estate Pty Ltd

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About ljgrealestate 据联大

Removing the Hassle from Sales and Rentals across South East Queensland. Aim to Empower other like minded Property Investors. L J Gilland Real Estate is a prestigious boutique agency specializing in Property Investment Management Services and the Sales of Investment Properties with tenants in place. Comprised of a top performing group of handpicked specialists, our Agents proudly serve Property Investors in Queensland. Since 1996 our Agency has demonstrated a genuine enjoyment of working with people, developing long-term relationships and delivering on the promise of great service. Carlos and Linda Debello offer property investor's the confidence to sell and lease in any market. We provide comprehensive market appraisals, exclusive multimedia marketing campaigns, and knowledgeable, highly personalized counsel on all aspects of real estate. Our Property Management Team is equally considerate, offering investors with in-depth advise, well-researched rental valuations, and highly professional rental management services. http://goanimate.com/movie/0M4bvcZzgIbI?utm_source=linkshare&uid=0u6RGtWsmlVc Carlos’ direct mobiles are 0400 833 800 & 0413560808. Linda’s mobiles are 0409995578 & 0414978700 (prefer email contact for Linda). Office 07 3263 6085. http://www.ljgrealestate.com.au http://www.yellowpages.com.au/qld/aspley/lj-gilland-real-estate-pty-ltd-14091356-listing.html http://au.linkedin.com/in/lindajanedebello http://twitter.com/GillandDebello http://www.facebook.com/pages/ljgrealestate
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