Top 10 trends when building a new house. The property market has been in high demand in recent months. Many investors and owner occupiers have been taking advantage of various government stimulus packages and buying various types of properties in different locations. At Crest Property Investments we have seen some common trends with what people are looking for when building a house and land...
Buying a small block of land in Melbourne has become widely popular over the last 5 years. Given the fact Melbourne property prices have continued to increase, its created an affordability problem for many. At Crest Property Investments we have seen a large take-up of buyers wanting to build a new house on a small block of land. This has allowed many new buyers to enter the market without heavily...
When buying property you may have come across the term ‘days on the market’. Do you really know what it means and if it’s relevant to you? In this market insight we discuss this further and provide an example to help. What are days on the market? The term days on the market refers to the number of days between the day a property is listed on the market and the day it is actually sold. If a property...
Top things to do in the Docklands Southbank situated on the fringe of the Melbourne CBD (city) and known for luxury accommodation, water views and mouth watering food. A suburb widely popular for many city based office workers to travel over for after work drinks, functions and fun! Here is a list of things to do, but in no particular order: The District Docklands A unique shopping experience like no...
A hot property market. The real estate market continues to perform incredibly well... According to the Australian Bureau of Statistics (ABS), the total value of residential dwellings in Australia has now surpassed $8 trillion for the first time. This is quite significant! During the March quarter of 2021, the total value of residential dwellings in Australia's increased by $449.9 billion. This is...
How to calculate rental yield. When buying an investment property, investors review the performance of their asset in three ways. These are income, capital growth and tax effectiveness. Understanding the rental yield is among the most important factor when considering a purchase. In this market insight we discuss what a rental yield is, how to calculate it and what is deemed a good return. What is Rental...
The term metropolitan Melbourne is widely used in government speeches, property analysis and other forms of geographic statistics. In this market insight we take the opportunity to help you understand what metropolitan Melbourne is. Melbourne has been ranked the most liveable city in the world many times. Previously ranked first, for five consecutive years, but in the last ranking it took eighth place....
Most liveable cities in the world. The latest survey conducted by the Economist Intelligent Unit shows us a new most liveable city. With the combination of both Australia and New Zealand, the two nations take six of the top ten placings. In the wake of the global pandemic, covid-19 has shuffled things up, with many countries no longer representing the top ten. With tighter border controls to other...
Here are some famous property investment quotes from some of the most successful people in the world. "Tough times don’t last. Tough people do" Gregory Peck - American actor. "The best investment on earth is earth." Louis J. Glickman - New York-based real estate investor and philanthropist. "As people seek to improve their living environment, there will be continuous demand for residential...
The Australian Government promotes home ownership in its latest federal budget. In an attempt to reducing pressure on housing affordability, first home buyers have a great opportunity to take advantage of a number of government grants. There three (3) measures to make it easier for Australians to enter the market. 1. The Family Home Guarantee - An incentive aimed at single parents with dependants....