Current Rental Market Trends Rental Market Snapshot, according to the Real Estate Institute of Victoria (REIV): Melbourne’s rental vacancy rate rose slightly to 2.5% as of 31 December 2024, up from 2.3% in December 2023. Regional Victoria’s vacancy rate remained stable at 2.1%, showing minimal change over the past year. Weekly median rent for houses in Melbourne decreased by $10, settling...
The difficulty of affording a home in Australia stems from a combination of economic, demographic, and policy factors. Here's an overview: 1. High Demand, Limited Supply Population Growth: Australia's population growth, particularly in urban centers like Sydney, Melbourne, and Brisbane, has fueled demand for housing. This is partly due to natural growth and high levels of immigration. Supply...
A full turn-key house: A complete, move-in ready solution A full turn-key house is an upgrade offered by home builders, ensuring your home is fully completed with all necessary additions, such as internal wall painting, flooring, and blinds. Opting for a full turn-key package provides peace of mind, knowing that your home is truly 'move-in ready.' Once you receive the keys, you can either move in...
Population trends significantly influence the property market by affecting demand, supply, and pricing. Here are key ways in which population trends impact the real estate market: 1. Population Growth and Demand for Housing Increased Demand: Population growth, particularly in urban areas, drives up demand for housing. More people means more need for homes, which can lead to higher property prices,...
Happy Lunar New Year! As we enter the Year of the Snake, Crest Property Investments wish you joy, health, and success in the year ahead. May this new chapter bring prosperity and new opportunities for us all. In Chinese zodiac symbolism, the Year of the Snake often represents wisdom, intuition, and transformation. If this resonates with you, perhaps this year could be a meaningful...
What is a single contract and why should you choose it? When buying off-the-plan, navigating the paperwork can be overwhelming. A Single Contract offers a solution by combining the land purchase and construction into one agreement. This approach is different from traditional new-builds, which often require you to manage separate contracts and payments. Benefits of a single contract: 1️⃣ No...
Top things to do in Ferntree Gully Ferntree Gully is an family orientated otter suburb area widely popular for its locality to the Dandenong Mountains and its connectivity to the Melbourne CBD. Here is a list of things to do, but in no particular order: Panoramic Views of the Dandenong Mountains If you appreciate the natural Australian environment and multiple walking tracks, including the famous...
Whether Sydney is the right place to invest in 2025 depends on your investment goals, risk tolerance, and the specific sectors or industries you're interested in. Here's a breakdown of factors to consider: Real Estate Market Trends: Sydney's real estate market has historically been strong, with high demand due to population growth and limited housing supply. However, rising interest rates...
Is Perth the right place to invest in 2025? Investing in Perth in 2025 could be an attractive prospect, depending on your investment goals and the type of investment you're considering. Here’s a breakdown of the factors to consider: 1. Real Estate Market Market Trends: Perth's real estate market has experienced fluctuations in recent years, with periods of growth linked to population increases...
Is Brisbane the right place to invest in 2025? Investing in Brisbane in 2025 can be an excellent opportunity, depending on your financial goals, risk appetite, and the type of investment you're considering. Brisbane, the capital of Queensland, has been gaining attention for its growth potential, infrastructure development, and relative affordability compared to Sydney and Melbourne. Here's a breakdown...