Rental Market Snapshot: The Melbourne property market has witnessed some high interest rate moves in the last quarter, resulting into a short fall of rental properties throughout the state. As we enter the last quarter of 2022, it will be interesting to see how vacancy rates continue. At this point, they are reducing very fast. Regional Victoria continues to demonstrate better vacancy rates, however...
Common risks when building a custom home. When building your dream home, it can be both one of the most exciting times of your life and one of the scariest. Both for good reason. This can be a self rewarding experience provided you set out with good intentions and a realistic approach. For many homeowners, this isn’t always the case. In this market insight, we take the opportunity to share some...
Top things to do in Reservoir Reservoir is an established suburb located 11 kms from the Melbourne CBD (city). The suburb has seen a significant gentrification shift over the last decade which has in turn brought many new amenities to the area. Here is a list of things to do, but in no particular order: Summerhill Shopping Centre Summerhill Shopping Centre features 26 shops, which include Coles, ALDI,...
Historically, concrete flooring was seen in commercial and retail properties. They have been used for many decades, but there is a new trend popping up, particularly in Melbourne. Concrete flooring is making an appearance in residential homes. There are a number of benefits polished concrete flooring can offer you and you home. In this market insight we highlight some of them (in no...
Melbourne's highest and lowest life expectancy. No doubt we all want to live a long healthy and prosperous life. Did you know that there are many places in both metropolitan Melbourne and regional Victoria that have quite different life expectancy? You heard it right! Some people actually live longer on average in certain places. Lets explore this interesting fact. It's been proven for...
Residential fencing laws in Victoria. When buying a house and land package, there are many ways of going about it. The more popular and transparent method is to buy a full turn-key home that offers a fixed price and is fully inclusive. Fully inclusive, also means landscaping and fencing. As each home has a fence dividing each property to the next, the last thing you want to do is upset your new...
How to understand the value of your property. There are many ways to determine the value of your property, but in this market insight we highlight three large factors that generally outweigh all other considerations. Understanding the value of your property will make it easier to understand how you can add value to your investment property in the future. There are three main ways to value of your...
Top things to do in Oakleigh Oakleigh is a vibrant established suburb known for its eateries and international food. The suburb has many great amenities to enjoy all year round. Here is a list of things to do, but in no particular order: Oakleigh Central Oakleigh Central is the heart of the suburb. Always busy with foot traffic you'll find more than 40 stores to shop at. Eaton Mall Eaton...
Buying property interstate. There are many opportunities to buy property throughout Australia. As market trends different in each state, the property markets will move in different cycles. This is why its important to know what you are doing in advance. In this market insight we highlight some of the advantages and disadvantages of buying property interstate. Advantages of buying property...
How does the property market impact inflation? One of the biggest pressing economic circumstances right now in Australia is the impact of inflation. According to the Australian Bureau of Statistics (ABS), Australia has reached the highest annual rate of inflation in June 2022 in almost 32 years. It was last recorded at 6.1%. The Reserve Bank of Australia (RBA) expect the annual inflation will...