What is evaporative cooling? With the fluctuating weather patterns in Australia, particularly Melbourne, keeping your home cool during the summer season isn't always easy. Climate control within your home has significantly evolved over the last decade and they can also look aesthetically pleasing within the home. In this market insight we discuss more about evaporative cooling and its associated...
Over the last three months to September 2023, the Reserve Bank of Australia (RBA) retained interest rates on hold while we witnessed a few suburbs within metropolitan Melbourne achieving double digit returns in median property prices. This was seen in both housing and unit prices. Here we focus and share the latest quarterly figures within the Melbourne property market. Top growth suburbs by median house...
As we conclude the third quarter of the calendar year, there were many suburbs recording a price tag above a million dollars.. Toorak continues to hold the top spot strongly above the rest at $5,205,556. Second and third place were Malvern and Balwyn well above the $3 million mark. Canterbury was forth and the only other suburb to go beyond the $3 million dollar mark. Malvern, Balwyn and Canterbury...
Rental Market Snapshot: The Melbourne property market continues to see a heavy supply shortfall for rental properties. Vacancy rates have further decreased as property affordability remains challenging. According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant properties in metro Melbourne stands at approx. 2.4% as at 30 September 2023. This has increased from...
Top things to do in Brighton Brighton is among one of Melbourne's most prestigious locations. Known for luxury contemporary homes and mansions its one of the most expensive suburbs around. Here is a list of things to do, but in no particular order: Brighton Beach It would have to be one of the most clean and safe beaches in Melbourne. Many locals spend time here all year round, even in the...
When is the right time to buy an investment property? The right time to buy an investment property can vary depending on a variety of factors, including your financial situation, investment goals, market conditions, and personal circumstances. Here are some considerations to help you determine when might be the right time for you: 1. Financial Preparedness: Evaluate your financial readiness to...
What is a property manager? If you are a property investor or a tenant, you would know what a property manager is. From a landlord perspective, do you really know what they can do and how important they are to enhancing your investment returns? Selecting the right property manager can make a real difference. In this market insight we share some details on what is a property manager and what they...
Advantages of buying in a new land estate. It is super exciting buying your new home, no matter if it's to occupy with your family or rent out. In this market insight, we help share some of the great advantages of buying in a new land estate. 1. Control and flexibility When buying a house and land package you have some control and flexibility to design a floor plan that is modern and functional. Having...
Moving to a new suburb can be an exciting but challenging experience. It's essential to prepare and gather information to make the transition smoother. Here are some things to know and consider when moving to a new suburb: Research the Suburb: Learn about the suburb's demographics, crime rates, and safety. Investigate the local economy, job opportunities, and the cost of living....
Tips when buying vacant land. Here we discuss what to consider when purchasing a block to build on. Buying land is a very exciting time, regardless if its to build a home to occupy or invest, let's explore the topic of buying vacant land. Understanding the legal obligation When buying vacant land you should have the contract reviewed by a solicitor to ensure the content is...