After the conclusion of another quarter ending June 2023, the Reserve Bank of Australia (RBA) kept interest rates on hold for the month of June. The Melbourne property market continues to experience good levels of buying and selling with auction clearance rates at 78% for the week ending 16th June 2023. A number of suburbs in both house and units prices witnessed some excellent capital growth. Here we...
As interest rates see the first month on hold after consecutive months of increases, the Melbourne property market has seen a higher level of buying demand and property transactions. A number of suburbs in both house and units prices witness some capital growth. Here we focus and share the latest quarterly figures within the Melbourne property market. Top growth suburbs by median house price Here is a...
Rental Market Snapshot: The Melbourne property market continues to see a supply issue for rental prices. It's becoming more evident when we reflect on the vacancy rates in this market insight. As interest rates look to potentially hold it's anticipated that more buyers will enter the market to purchase their own property over renting. As a property investor, leasing your property has never been...
There continues to be many suburbs within metropolitan Melbourne fetching past the million dollar figure. Toorak continues to hold the top spot at $5,550,000. Second and third place was Flinders and Canterbury surpassing $4,110,000 and $3,361,000 respectively. Rounding up the top 5, was Brighton which was previously third in the last quarter and and Shorum both fetching $3,300,000. The majority of...
There continues to be many suburbs within metropolitan Melbourne fetching past the million dollar figure. Toorak continues to hold the top spot at $5,550,000. Second and third place was Flinders and Canterbury surpassing $4,110,000 and $3,361,000 respectively. Rounding up the top 5, was Brighton which was previously third in the last quarter and and Shorum both fetching $3,300,000. The majority of...
Reviewing the last quarter of 2022, the Melbourne property market continued to experience the upward trend to interest rates causing home affordability issues vut there were still a number of suburbs that increased strongly Here we focus and share the latest quarterly figures within the Melbourne property market. Top growth suburbs by median house price Here is a current list of the suburbs that have seen...
Rental Market Snapshot: The Melbourne property market has seen a huge take up in rentals. The property supply shortfall is upon us and it is likely to see potential upward pressures on property prices as the year progresses in 2023. At this stage interest rates are placing affordability issues on many buyers, so the rental market will remain hot. Regional Victoria continues to demonstrate better vacancy...
Property market forecast for 2023. In this market insight, we take the opportunity to share our perspective on what the year ahead will look like in the Melbourne/Victorian residential property market. What happened in 2022? The property market in 2022 commenced the first half strongly, with many suburbs entering the million dollar median house prices. Buying activity continued with demand heavily...
Property Market Update - December 2022. The property market has witnessed a number of big changes in the last 12 months. This has occurred for a number of reasons, but let's take a look at the numbers. According to CoreLogic, in the year ending November 2021, median property prices on a national basis increased by 22.2%. In the year ending November 2022, prices fell 3.2%. With unprecedented increases in...
Business update - from Tristan Markulija Tristan Markulija is the founder and principal property adviser at Crest Property Investments. We took the opportunity to get an update on Crest Property Investments and all things property. Q. What does Crest Property Investments offer and why is it different? We source brand new and off the plan properties for buyers. If you are a first home buyer,...