Rental price increases. Over the course of 2022 calendar year, we witnessed many changes in the property market. One of the more notable highlights and warmly welcomed by property investors (landlords) we the recent rise in rental yields. The residential property market has seen a shortage in supply for places to rent. The high demand has placed upward pressures on asking rental prices. According to...
Reviewing the last quarter of 2022, the Melbourne property market continued to experience the upward trend to interest rates causing home affordability issues vut there were still a number of suburbs that increased strongly Here we focus and share the latest quarterly figures within the Melbourne property market. Top growth suburbs by median house price Here is a current list of the suburbs that have seen...
Rental Market Snapshot: The Melbourne property market has seen a huge take up in rentals. The property supply shortfall is upon us and it is likely to see potential upward pressures on property prices as the year progresses in 2023. At this stage interest rates are placing affordability issues on many buyers, so the rental market will remain hot. Regional Victoria continues to demonstrate better vacancy...
Top things to do in Epping Epping is an established suburb with over 33,000 people. It has fast evolved into a thriving location and has supported many lifestyles in the northern suburbs of Melbourne. Here is a list of things to do, but in no particular order: Pacific Epping Pacific Epping features over 230 stores with some of the largest retailers in Australia. It is known to be in the top ten largest...
Property market forecast for 2023. 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. What happened in 2022? The property market in 2022 commenced the first half strongly, with many suburbs entering the million dollar median house prices. Buying activity continued with demand heavily...
Crime rates update ending Sept 2022. Here we summarise the latest state wide crime rates figures in Victoria, Melbourne. State wide figures The number of criminal incidents recorded by Victoria Police in the year to 30 September 2022 was 343,982, down 3.6% from 356,920 incidents recorded in the same period last year. The number of offences recorded by Victoria Police in the year 30...
Client Success Story #5. In this market insight, we want to take the opportunity to share a wonderful success story where one of our clients experienced some capital growth from the property advice provided by Crest Property Investments. Client Success Story #5 Siddhartha purchased an investment property, extending to his existing portfolio. He purchased an off the plan house and land package in...
Merry Christmas and a Happy NY! It has been another eventful year in 2022. We want to take this moment to wish everyone a Merry Christmas and a Happy New Year. We thank all of our clients for trusting our service in helping them source a great property and look forward to extending our service to many new clients next year. Please stay safe, enjoy time with your loved ones and we will continue to...
Property Market Update - December 2022. The property market has witnessed a number of big changes in the last 12 months. This has occurred for a number of reasons, but let's take a look at the numbers. According to CoreLogic, in the year ending November 2021, median property prices on a national basis increased by 22.2%. In the year ending November 2022, prices fell 3.2%. With unprecedented increases in...
Meeting with Tristan Markulija As the owner of Crest Property Investments, it can be difficult to lock Tristan down for a chat, but we had the opportunity to sit down with him to check in. Q. How's life in the fast lane? It has been a very busy 12 month period. Obviously the property market is experiencing a much needed slow down with the cause of interest rate hikes, but overall we have had a...