Latest life expectancy is up. The latest figures released from the Australian Bureau of Statistics (ABS) shows that a baby boy and girl are expected to live to 81.2 years and 85.3 years. ABS demography director Beidar Cho said these new figures demonstrate that new born babies have the highest estimated life expectancy ever recorded in Australia. Life expectancy for males has improved at a faster rate...
Property market forecast for 2022. In this market insight, we take the opportunity to share our perspective on what the year ahead will look like in the Melbourne/Victorian residential property market. We continue to see optimism into 2022 and beyond. What happened in 2021? The property market in 2021 saw some very good returns, well above the average capital appreciation. The property market not only...
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...