Rental Market Snapshot: The Melbourne property market continues to go strength to strength. The demand is continuously outstripping supply, which places further upward pressures on property prices. The rental income, particularly in metropolitan Melbourne is stabilising and improving each month since the wake of the global pandemic. Regional Victoria continues to demonstrate better vacancy rates to...
The Melbourne property market has shown some resilience to the global pandemic, At the moment, demand heavily outstrips supply, placing upward pressures on prices. Top growth suburbs by median house price Here is a current list of the suburbs that have seen some big capital appreciated from June 2021 to September 2021 (3 mth period): Note: Only quarterly median prices from suburbs with at least 30 sales...
Activities during lockdown. If you’ve been struggling to entertain themselves, here are some fun tips. 1. Virtual social events You won't believe how many social events are available online! You can play trivia pursuit with family or friends, murder mystery games, book clubs and so much more. You can do yoga classes, cocktail nights and even board games. 2. Do an online course If...
Australian Prudential Regulation Authority (APRA) is tightening lending criteria. Announcement made 5th October 2021, many will see this as either a good outcome or a bad change. Essentially borrowers will be assessed with the expectation that they can pay for the proposed loan if interest rates increased by 3%. This boosts the ‘buffer’ by 0.5% at the time of the statement. For example, a borrower...
What is stamp duty? Here is a guide to understanding stamp duty in Victoria when purchasing a direct residential property. Before purchasing a property, it's wise to assess the stamp duty implications to ensure you can afford the total cost of buying a home. What is stamp duty? In Victoria is also known by the term 'land transfer duty'. It is essentially incurred when a buyer purchases a...
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,...
The ongoing costs of keeping a property. When buying a property, there are always necessary holdings costs. Most are aware that a loan is usually part of the purchase, so paying a mortgage is a common ongoing cost. This is very true, but in this market insight we want to share with you the type of other outgoing costs are associated to owning a property. If the property is for investment purposes...
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....
Setting property investment goals is a key contributor to being a successful property investor. In this market insight we share some tips to help you establish goals that will help you advance into your investment journey. What is your motive or plan behind investing in property When investing into any form of investment, you need to understand what your motive is. Of course, we all want to...
When buying an investment property, one of the many contributors that makes property the best investment are the tax benefits achieved when implementing a negative gearing strategy. It shouldn't be the sole reason to invest in property, but its something that should be taken into consideration when making an informed decision. If you are a property investor, you've probably learnt a little about the...