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Wednesday, November 19, 2008
Charities to Benefit from Armadale Sale
Last weekend Marshall White auctioned a property at 7 Erskine St, Armadale on behalf of Equity Trustees in which all the proceeds will be distributed to three charities. A representative from Peter McCallum Cancer Institute, (one of the beneficiaries) attending the auction, was extremely pleased to see bidding pass the reserve, finally reaching a sale price of $2.685 million. The other charities that will be benefitting are the Alzheimer’s Association of Victoria and the Centre for Eye Research, Australia.
Other highlights on the weekend were the auction of a beautiful four bedroom Edwardian at 45 Tennyson Street, Elwood which achieved a very pleasing price of $1,465,000. A delightful single-level town residence at 2/20 Baker Street, Malvern East sold at auction for $711,000 while a timber period home on a deep block at 66 Birdwood St, Box Hill South was sold prior to auction for $582,000
Positive Outlook for Property
CommSec chief equities economist Craig James is optimistic that lower interest rates will have a positive effect on the residential property market. Despite the global economic downturn, Australia remains in a strong position due to largely unchanged fundamentals that are underpinning real estate. In the Financial Review on the weekend he said “We still have strong population growth, migrants are coming in and there could be strong demand for property among first-home buyers. If we get the stock market improving and the bad news off the front page of newspapers, then money could flow back into property as it did after the 1987 stock market crash.”
- Andrea Blosfelds
- 19 Nov 2008
- Charities to Benefit from Armadale Sale
- Last weekend Marshall White auctioned a property at 7 Erskine St, Armadale on behalf of Equity Tru...
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- 13 Nov 2008
- Bumper November Likely
- After a very successful October in which Marshall White sold close to 80 per cent of property on of...
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- 06 Nov 2008
- Further Rate Cut to Stimulate Housing Market
- The Reserve Bank of Australia followed their 1 per cent rate cut in October by reducing rates b...
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- 28 Oct 2008
- Success Rate of 87 Per Cent
- Despite media reports to the contrary the property market proved to be quite buoyant for Marshall ...
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- 22 Oct 2008
- Increased Interest in Property
- The latest interest rate cuts by the RBA coupled with the Federal Government’s housing packag...
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- 14 Oct 2008
- Now is the Time to Buy
- The bumpy ride on the stock and financial markets has shaken consumer confidence world wide. Howeve...
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- 07 Oct 2008
- RBA Slashes Interest Rates by 1 Per Cent!
- Defying market expectations, the Reserve Bank has cut interest rates by a full 100 basis points to ...
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- 01 Oct 2008
- Grand Final Bump for Hawthorn?
- Hawthorn fans may not be the only ones to experience the euphoria brought on by the Premiership win...
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- 24 Sep 2008
- Property Resilient to Turmoil
- In the face of increasing turmoil in the financial and share markets, residential property has o...
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- 17 Sep 2008
- Spring Auction Clearances Surge
- Since the first interest rate cut in seven years by the Reserve Bank, the number of houses sold at ...
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