How does the property market impact inflation? One of the biggest pressing economic circumstances right now in Australia is the impact of inflation. According to the Australian Bureau of Statistics (ABS), Australia has reached the highest annual rate of inflation in June 2022 in almost 32 years. It was last recorded at 6.1%. The Reserve Bank of Australia (RBA) expect the annual inflation will...
The Australian property market surpassed the $10 trillion dollar mark early this year. The Melbourne property market represents a large proportion of the Australian real estate. Melbourne has many popular suburbs with a number of reputable suburbs part of the million dollar club. Toorak continues to hold the top spot increasing to a massive $5,550,000. Second place was Brighton with $3,700,000 and East...
As we hit half way in the 2022 calendar year, the Melbourne property market only saw half of the suburbs from last quarter achieving a double digit growth appreciation. However there were many suburbs increasing above the average long term growth rate. 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...
Rental Market Snapshot: The Melbourne property market has seen a huge decrease in vacancy rates since the Reserve Bank of Australia (RBA) increased interest rates for three consecutive months. There are economical opinions that there may be some more movement in interest rates as we approach the end of 2022. This has influenced vacancy rates to decrease significantly however Rental yields have remained...
Property values doubled in the last seven years. Back in June 2014, the combined value of all the residential properties in Australia was valued at $5.1 trillion. That figure has now amassed to exceed the $10.0 trillion mark for the first time. According to the latest data from the Australian Bureau of Statistics (ABS), as of March 2022, the combined value of all the residential properties in Australia...
As we pass the first quarter on 2022, The Melbourne property market saw a number of suburbs perform exceedingly well. 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 some extraordinary capital appreciated from 1st January 2022 to 31st March 2022 (3 mth period): Note:...
The Melbourne property market has many popular suburbs. Many part of the million dollar club. Toorak has held top spot for some time, but in the last quarter Portsea took top spot with a house median price of $4,125,000. Second place was Malvern with $3,845,000 and Brighton taking third place with $3,500,000 (Portsea and Brighton had less than 30 sales transacted in the last three months). Rounding up the...
Rental Market Snapshot: The Melbourne property market has shown good signs of consistency in both vacancy rates and higher yields. As rental demand continues to increase, these figures are expected to improve as the year 2022 unfolds. Regional Victoria continues to demonstrate better vacancy rates, while the rental income is also increasing at a higher rate in comparison to metropolitan...
The Melbourne property market has finished the year with some amazing results. A historical year throughout the country. 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 some extraordinary capital appreciated from September 2021 to December 2021 (3 mth period): Note: Only...
Rental Market Snapshot: The Melbourne property market continues to improve in both vacancy rates and higher yields. The demand continuous to outstripping supply, which is expected into the new year. Regional Victoria continues to demonstrate better vacancy rates to Metropolitan Melbourne, however median rental prices in Melbourne is starting to increase. According to the The Real Estate Institute of...