The Melbourne property market has seen a number of new suburbs join the million dollar club while a few dropped out. Toorak remains in the top spot with a median house price of $4,585,000, while East Melbourne jumped into second place with $4,333,000 and Portsea taking third place with $3,840,000 (however Portsea had less than 30 sales were transacted in the last three months). Rounding up the top 5, was...
W. Not one property fits all, but there is a trend where we see downsizers asking us to source an apartment. Once their children grow up and become independent and move out, parents are often left with a home that is either to big or requires to much maintenance. There are many reasons why they make this change in their lives. In this market insight, we highlight some of them. Purchasing...
Wear and tear occurs over time, particularly when the property gets older. The question asked by many investors is who is responsible? When does it fall on the rental provider or the renter? In this market insight we share some helpful information to help you determine who may be liable. Please note, we highly recommend discussing this in advance with your property manager. They are up to date with the...
Keeping your home safe and secure when on holidays. We all deserve a holiday, but who doesn't feel a little anxious about leaving their home unoccupied. The last thing you want is to return from a family holiday to soon discover your home has been burgled. Here are some ways to keep your home safe and secure Organise a house sitter Having a house sitter occupy your home while you are away is a...
What capital growth properties have in common. When buying an investment property, we all make the decision on the basis of making money. Property investment offers three unique returns, rental (income), tax entitlements and capital growth. In this market insight we highlight the common themes that are seen in a properties that receives capital growth. 1. A good location One of the most...
Merry Christmas! It has been another eventful year in 2021. We want to take this moment to wish everyone a Merry Christmas and a Happy New Year. We thank all of our clients for trusting our service in helping them source a great property and look forward to extending our service to many new clients next year. Please stay safe, enjoy time with your loved ones and we will continue to share our market...
Reasons people use home security cameras. Most people buy and install home security cameras to protect themselves and potentially detract burglars or thieves from invading their home. Most would already be well aware that this is the primary reason to have them. However you'd be surprised to learn what other odd reasons people also look to have them. According to an RACV survey there are almost...
Latest life expectancy is up. The latest figures released from the Australian Bureau of Statistics (ABS) shows that a baby boy and girl are expected to live to 81.2 years and 85.3 years. ABS demography director Beidar Cho said these new figures demonstrate that new born babies have the highest estimated life expectancy ever recorded in Australia. Life expectancy for males has improved at a faster rate...
Property market forecast for 2022. 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. We continue to see optimism into 2022 and beyond. What happened in 2021? The property market in 2021 saw some very good returns, well above the average capital appreciation. The property market not only...
What sort of construction happens before land titles? When buying a house and land package, the build obviously can't commence until the land settles in your name. There is quite a bit of construction relating to the land component and in this market insight we share some of the process to help you appreciate why it takes time for a land allotment to title. Here is a snapshot: Construction of...