According to recent studies and research conducted by the Reserve Bank of Australia, Australians with mortgages have significantly increased their financial buffers in comparison to last year. Taking note of the graph below, sourced by Roy Morgan, households are successfully increasing their household liquidity buffers. The left section indicates change within the indebted homeowners. They now have an...
Top things to do in the Southbank Southbank situated on the fringe of the Melbourne CBD (city) is home to some of the best entertainment and amenities the country has to offer. From fine arts, world-class restaurants and modern/heritage architecture, there is something for everyone. Here is a list of things to do, but in no particular order: Eureka Skydeck This 297m skyscraper offers some of the best city...
HomeBuilder construction commencement was recently extended. Initially it was for 6 months post contract signing, but it the Government recently announcement an extension of 18 months. Were you one of the 121,000 people who took advantage of the HomeBuilder grant? Good news for those people who were able to proceed with an off the plan purchase. The extension was placed in response to the...
The power of hindsight... If we all wanted magic powers, no doubt this would make most people's top 10! When it comes to buying property, the power of hindsight is often brought up by prospective clients who happen to be unable to make the 'plunge' of buying an investment property. This is for good reason, as property investment is likely the most expensive asset you'll own while it may come with a 25 -...
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...
Post the global pandemic in 2020, Melbourne has seen some unprecedented increases in property prices. This the the time when consulting property advice from an authorised representative will enable you to buy a property that is right for you. These increases are alarming and pleasing to many, but be careful not to follow these as a single influence to buy. Advice is always recommended. Feel free to...
There are many fine perks when living at home with your parents. You have less costs, less responsibilities and security. However, there comes a time when you will want to move out, or your family/parents want you to move out. In this market insight, we talk about four questions to ask before you move out. 1 - Is it a good time to move out? Moving out from home is likely one of the biggest life changing...
Top things to do in Balwyn Known as one of Melbourne's most affluent suburbs, Balwyn features many tree-lined streets and has been among the most desirable places to live. Here is a list of things to do, but in no particular order: YMCA Boroondara Sports Complex YMCA Boroondara Sports Complex offer a wide range of services catering many health and fitness enthusiasts. The centre has a fully equipped...
If you own a property that features an owner’s corporation, you’ll soon learn that it holds an annual general meeting (AGM). An owners corporation will discuss many matters from maintaining surplus cash to covering costs such as building insurance premiums, garden, and waste management to name a few. They are required when a property features common property areas such as driveways or a car...
Melbourne's property market prices continues to go up. According to the latest research conducted by CoreLogic. Melbourne property values have regain their property values it previously experienced in 2020 in the wake of the global pandemic (covid-19). After experiencing a decline of approximately -6.1%, property values in Melbourne have since increased by 6.7%, now sitting at 0.2% above it's recent...