School zones push housing prices up. According to recent research conducted by Domain Group, prices in popular school zones witnessed dramatic increases as high as 46%! This is in just a 12 month period. Over the recent decade, many families have decided to pay a premium price tag to be housed within a school catchment. Parents are trying to enrol their children into high-performing...
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...
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,...
Australian population update. Over the last few years, or even decades, the Australian population has witnessed some strong population growth. However in the wake of the global pandemic, growth numbers have fallen. With the international border restrictions that took place from March 2020, Australia’s population has increased by 35,700. The net overseas migration was 95,300 over the year to March....
Will the Delta-strain destroy the property market? The answer is NO according to the latest ANZ Bank research.Life in Australia is far from the norm, with covid-19 and the new delta-strain continuing to trouble our lives. In spite of this, the property market nationally has witnessed some strong price rises. According to recent studies conducted by ANZ Bank, the property market is likely to continue...
Property investors are in the market. In late 2020, the property market was heavily driven by the demand of first home buyers and later owner occupiers. Many taking advantage of the one-off government grants such as the HomeBuilder package. According to the Australian Bureau of Statistics (ABS) the property market has seen a spike in investors. For five consecutive months to June 2021 first...
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...
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...
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...