As we hit half way in the 2022 calendar year, the Melbourne property market only saw half of the suburbs from last quarter achieving a double digit growth appreciation. However there were many suburbs increasing above the average long term growth rate. 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...
Rental Market Snapshot: The Melbourne property market has seen a huge decrease in vacancy rates since the Reserve Bank of Australia (RBA) increased interest rates for three consecutive months. There are economical opinions that there may be some more movement in interest rates as we approach the end of 2022. This has influenced vacancy rates to decrease significantly however Rental yields have remained...
The Australian Taxation Office (ATO) are to target property investors. The Australian property market has been steadily growing for the last decade. Property investors have been able to utilise various practices to reduce their tax and increase their rental return. However, some of these investors might not comply with the law. The ATO has decided to look closely at all income and tax deductions from the...
The benefits of a rear loaded home. There are many house designs created to cater many different forms of land sizes. Pricing affordability has also introduced a number of different house and land packages to meet buyer's budgets. Rear loaded homes are one of these great solutions that are being warmly received by buyers. What is a rear loaded home? A rear loaded home is when a garage is situated at...
What is a planning permit? In this market insight we discuss the planning permit process and why its an important aspect to any new build. There are many planning permits that apply to both residential, commercial and various home imprisonments or renovations. In this market insight we will discuss the aspect of managing a brand-new home on a vacant block of land. Prior to commencing a home build, you'll...
Top things to do in Doncaster Doncaster is among the most sought after suburbs in metropolitan Melbourne. Notably known for its schools, it's also filled with many amenities and suited to families of all ages. Here is a list of things to do, but in no particular order: Westfield Doncaster Shopping Town The redeveloped Westfield Doncaster Shopping Town has really recharacterised the lifestyle in...
Single storey vs double storey homes. This is a question asked by a number of our clients. When buying a house and land package, there are a large variety of choices to select from, both internally and externally. If the buying intention is to purchase a home to occupy or to invest, no one person settles on the same type of home. In this market insight, we discuss the difference between a single storey...
Keeping your home safe this winter. As Melbourne enters to coldest time of year, if you are anything like us, you are probably missing summer already. As we spend more time at home during the wet season, we take the opportunity in the market insight to share some helpful to keeping your home safe this winter and more importantly your family. Lets explore some safety tips to keeping your home safe this...
Top things to do in Cranbourne Cranbourne is an established suburb in the south eastern suburbs. It's also filled with many amenities and recreational activities. Here is a list of things to do, but in no particular order: Royal Botanical Gardens The Royal Botanical Gardens celebrate the beauty and diversity of Australian landscapes and flora. It features approximately 170,000 plants from 1,700 plant...
What is a construction loan? When buying a house and land package, its generally required to purchase it in a two-part contract. You essentially sign and pay for the house and the land separately, even though the purchase is combined. If you have purchased the land titled or off the plan, the next step is to settle the land purchase. Once owned, the builder will start to apply for build permits,...