Residential Tenancies Reforms - Regulation 13. This section covers off the latest safety related activities from Residential Tenancies Reforms. This is an extract for property investors needing some insight to what they are now responsible for. Electrical safety activities (1) The residential rental provider must ensure that an electrical safety check of all electrical installations,...
Covid-19 has changed what people want in a property. Over the last 18 months there have been some growing trends towards what people want in a home. Interestingly, investors are also trending the same objectives as owner occupiers. So what is actually trending? It's not necessary bigger is better, nor is it location its more focused on the floor plan design. As we have been forced to adjust to...
Melbourne property market has seen a number of new suburbs join the million dollar club with Clarinda sneaking in. Toorak remains in the top spot with a median house price of $4,370,000, however less than 30 sales were transacted in the last three months. Malvern and Hampton take second and third places respectively with $3,160,000 and $3,120,000, but also witnessed less that 30 sales in the same...
Return of private inspections. In accordance with the Victorian Government's announcement, we're excited to confirm the return of private inspections. We can now offer buyers the opportunity to walk through display homes via private appointments. This took effect as of 11.59pm Friday 17th September. As we specialise in sourcing brand new and off the plan properties for buyers, we have hundreds...
Building approvals - update. As the Australia economy continues to persevere through the global pandemic, building approvals improve as we anticipate new build activity within the next 12-18 months. Courtesy of the Australian Bureau of Statistics (ABS), there are some tabular and graphical illustrations for you to see. Overall summary The seasonally adjusted estimate for total dwellings...
Rental Market Snapshot: The Melbourne property market continues to go strength to strength. The demand is continuously outstripping supply, which places further upward pressures on property prices. The rental income, particularly in metropolitan Melbourne is stabilising and improving each month since the wake of the global pandemic. Regional Victoria continues to demonstrate better vacancy rates to...
The Melbourne property market has shown some resilience to the global pandemic, At the moment, demand heavily outstrips supply, placing upward pressures on prices. Top growth suburbs by median house price Here is a current list of the suburbs that have seen some big capital appreciated from June 2021 to September 2021 (3 mth period): Note: Only quarterly median prices from suburbs with at least 30 sales...
Activities during lockdown. If you’ve been struggling to entertain themselves, here are some fun tips. 1. Virtual social events You won't believe how many social events are available online! You can play trivia pursuit with family or friends, murder mystery games, book clubs and so much more. You can do yoga classes, cocktail nights and even board games. 2. Do an online course If...
What is stamp duty? Here is a guide to understanding stamp duty in Victoria when purchasing a direct residential property. Before purchasing a property, it's wise to assess the stamp duty implications to ensure you can afford the total cost of buying a home. What is stamp duty? In Victoria is also known by the term 'land transfer duty'. It is essentially incurred when a buyer purchases a...
Top things to do in Geelong Geelong is among the fastest growing areas in Victoria. Many would say it is the largest city outside Melbourne. There are many things to do, both day and night. Here is a list of things to do, but in no particular order: Geelong Waterfront This popular destination is extremely popular among locals and tourists. The area features many restaurants and cafes, landscaped gardens,...