Melbourne property market has experiences some impressive capital growth returns. Toorak continues to rank the most expensive suburb with a median house price of $5,000,000 up from $4,455,000 in December 2020. Middle Park and Canterbury continue to hot the podium places of 2nd and third respectively. Middle Park has increased to $3,842,500 in June 2021 from $3,197500 in December 2020, while Canterbury has...
The Melbourne property market has seen some incredible capital growth, particularly in metropolitan Melbourne. There has been plenty of buying activity and successful auction clearance rates. Top growth suburbs by median house price Here is a current list of the suburbs that have seen some big capital appreciated from March 2021 to June 2021 (3 mth period): Top growth in median unit prices Here is a...
Rental Market Snapshot: The Melbourne property market continues to witness unprecedented capital growth, particularly in Melbourne. When buying an investment property rental income is just as important. Regional Victoria continues to demonstrate better vacancy rates to Metropolitan Melbourne. According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant...
Rental Market Snapshot: The Melbourne property market continues to witness unprecedented capital growth, particularly in Melbourne. When buying an investment property rental income is just as important. Regional Victoria continues to demonstrate better vacancy rates to Metropolitan Melbourne. According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant...
Post the global pandemic in 2020, Melbourne has seen some unprecedented increases in property prices. This the the time when consulting property advice from an authorised representative will enable you to buy a property that is right for you. These increases are alarming and pleasing to many, but be careful not to follow these as a single influence to buy. Advice is always recommended. Feel free to...
Rental Market Snapshot: As Melbourne continues to move forward from a tough global pandemic in 2020, the rental vacancy market still remains above normal levels. Taking a look at both metropolitan Melbourne, property sales continues an upward trend, however, vacancies continue to worsen. When we next share these statistics in March 2021, we anticipate vacancy rates to start to moderate and start to...
Melbourne remains a popular place to call home. Toorak continues to rank the most expensive suburb with a median house price of $4,455,000. Canterbury and Middle Park come in over $1,200,000 to take second and third spot. Rounding the top 5, you have Brighton and East Melbourne forth and fifth respectively. The majority of suburbs are within a 20km radius of the Melbourne CBD representing the bulk of...
The Melbourne property market has experienced some of the most extraordinary circumstances with the wake of covid-19. For the most part, the market has remained steady. Much of this has been with the help of some government incentives and banking support. Here is some interesting property data outlining median house and unit prices. Top Growth Suburbs by Median House Price Note - only quarterly median...
Rental Market Snapshot: Due to the global pandemic, covid-19 impacted vacancy rates and rent yields across the country. After the second wave of Melbourne moving into lock-down, these numbers further deteriorated. The outlook looks very positive ad we should see these numbers improve. Taking a look at both metropolitan Melbourne and regional Victoria, regional Victoria has outperformed. Numbers from...
According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant properties in metro Melbourne remained at 2.3% in March 2020, compared to 2.2% in December 2019. The proportion of vacant properties in regional Victoria rose again moving from 1.7% in December 2019 to 1.9% in March 2020. The weekly median rent for houses in metropolitan Melbourne decreased by $10 from...