Demand is outstripping supply. This continuing trend is seeing more buyers in the market than vendors wanting to sell. Many property opportunities are being sold before the officially go to market, while many land estates receiving thousands of subscribers when they are only releasing 10-25 allotments. When demand outweighs supply, it places upward pressures on prices. According to CoreLogic, between...
Tips for creating a study nook in an apartment. The popularity to live in an apartment has continued over the last decade. Many people have chosen to occupy an apartment for its low maintenance, security and the fact they are generally very well located. In the wake of the global pandemic, many have adapted to living and working from home. We anticipate this trend to continue for the foreseeable future....
Buying a property can be cheaper to renting. This is a topic raised by many people given the fact interest rates are at all time lows. According to recent data collected from CoreLogic identified buying a property can be cheaper than renting for 36.3% of homes across Australia. That equates to over a third of properties. CoreLogic previously completed this analysis in February 2020. It was determined...
Blog Highlights - Mid 2021 Melbourne property demand has overwhelmed the supply since the beginning of 2021, and demand shows no signs of decline even after the expiring of the HomeBuilder package and stamp duty discounts. Over the last six (6) months we have produced nearly 100 blogs/market insights keeping buyers up to date with useful information and trends. In case you missed it, here we summarise...
Latest rent yields and vacancies. For property investors, here is an insightful look at what's happening nationally in the rental market. According to new data from SQM Research, vacancy rates throughout all of the capital cities in Australia from June 2020 to June 2021 fell with the exception on Melbourne. Melbourne's results have obviously been impacted with the various lockdowns that took place...
Top things to do in South Yarra South Yarra is a prestigious suburb that sits only a few kilometers from the Melbourne CBD. Known for its luxury home designs, mansions and modern apartments, South Yarra is a city within a city. There are plenty of amenities and activities all year round. Here is a list of things to do, but in no particular order: Chapel Street Perhaps the most well known street anywhere...
Shopping centres were traditionally not the major considering factor for home buyers and property investors. However over the last decade, shopping centres have gradually upgraded their services. From retail stores to modern indoor entertainment facilities, to a vast choice of cuisines, the modern shopping experience has never been so diverse. These major shopping precincts have played a large contributing...
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...