The Reserve Bank of Australia (RBA) will be doing things different from January 2024 after the conclusion of an independent review that was commission by the Australian Government. The report had presented a number of changes and recommendations to better communicate to Australians. After each cash rate meeting held by the RBA board, the governor, currently Philip Lowe, will conduct a conference to the...
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. 2.1% as at 30 June 2023. This has significantly...
There continues to be many suburbs within metropolitan Melbourne fetching past the million dollar figure. Toorak continues to hold the top spot at $6,500,000. Second and third place was Brighton and Middle Park surpassing $3,205,000 and $3,030,000 respectively. Rounding up the top 5, was Balwyn and Hawthorn East both fetching $2,985,000 and $2,913,000 respectively. The majority of suburbs continue to...
After the conclusion of another quarter ending June 2023, the Reserve Bank of Australia (RBA) kept interest rates on hold for the month of June. The Melbourne property market continues to experience good levels of buying and selling with auction clearance rates at 78% for the week ending 16th June 2023. A number of suburbs in both house and units prices witnessed some excellent capital growth. Here we...
Top things to do in Chadstone Chadstone is a very well known suburb. The suburb has marked its place on the map with the famous Chadstone Shopping Centre, the biggest retail outlet in the southern hemisphere. Here is a list of things to do, but in no particular order: Chadstone Shopping Centre Known as the largest retail shopping centre in the southern hemisphere, once you walk inside, you feel its a...
Cost-effective ways to keep warm this winter. As we have entered our third week of winter, Melbourne is starting to show signs of a cold season ahead. When spending more time at home, we want to stay home and keep warm and comfortable. When keeping warm at home, our utility bills often increase. In this market insight we share some simple tips on cost-effective ways to keep warm this...
New changes to the Home Guarantee Scheme. The federal government has recently announced some new changes that will take into effect from 1st July 2023 aiming to help more Australians own a home sooner by expanding the Home Guarantee Scheme (HSG) criteria. The HSG is administered by the National Housing Finance and Investment Corporation (NHFIC) on behalf of the Australian Government and...
As the winter continues to get colder, we wanted to share some of our favourite spicy dishes to warm ourselves during the coldest months of the year. Here are three (3) simple dishes jam packed with colour and flavour. Spicy Green Beans Credit image: healthyrecipesblogs.com/spicy-green-beans/ Ingredients: 0.5 kg green beans, washed and trimmed 2 tbsps soy sauce 1 tbsp Sriracha (plus extra to...
Understanding floor plans aren't always easy, particularly if you don't work in real estate. Viewing a floor plan and selecting the right one can be difficult if you can't visualise how it will look when it's finished building.At Crest Property Investments, we are buyers agents who aim to simplify the buying process, including finding it, negotiating price and presenting a solution that is right for you....
Sustainable living has been well received for many years. Many new home designs are placing much more focus on sustainable living to compliment the functionality of a home. At Crest Property Investments, we are very excited witness the evolvement of this and look forward to further change in the coming years ahead. In this market insight we share some simple tips that are very effective all year round in...