The Melbourne property market has seen some incredible capital growth, particularly in metropolitan Melbourne. There has been plenty of buying activity and successful auction clearance rates. Top growth suburbs by median house price Here is a current list of the suburbs that have seen some big capital appreciated from March 2021 to June 2021 (3 mth period): Top growth in median unit prices Here is a...
Rental Market Snapshot: The Melbourne property market continues to witness unprecedented capital growth, particularly in Melbourne. When buying an investment property rental income is just as important. Regional Victoria continues to demonstrate better vacancy rates to Metropolitan Melbourne. According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant...
Tips to maximise your rent. When buying an investment property, most would agree, rent is as important as generating capital growth. Having the opportunity to receive a weekly income stream can be a real winner in so many ways . In this market insight, we share some tips to maximise your rent. Aim to establish long term leases By establishing a long term lease, you'll effectively...
Top 10 trends when building a new house. The property market has been in high demand in recent months. Many investors and owner occupiers have been taking advantage of various government stimulus packages and buying various types of properties in different locations. At Crest Property Investments we have seen some common trends with what people are looking for when building a house and land...
Buying a small block of land in Melbourne has become widely popular over the last 5 years. Given the fact Melbourne property prices have continued to increase, its created an affordability problem for many. At Crest Property Investments we have seen a large take-up of buyers wanting to build a new house on a small block of land. This has allowed many new buyers to enter the market without heavily...
When buying property you may have come across the term ‘days on the market’. Do you really know what it means and if it’s relevant to you? In this market insight we discuss this further and provide an example to help. What are days on the market? The term days on the market refers to the number of days between the day a property is listed on the market and the day it is actually sold. If a property...
Top things to do in the Docklands Southbank situated on the fringe of the Melbourne CBD (city) and known for luxury accommodation, water views and mouth watering food. A suburb widely popular for many city based office workers to travel over for after work drinks, functions and fun! Here is a list of things to do, but in no particular order: The District Docklands A unique shopping experience like no...
A hot property market. The real estate market continues to perform incredibly well... According to the Australian Bureau of Statistics (ABS), the total value of residential dwellings in Australia has now surpassed $8 trillion for the first time. This is quite significant! During the March quarter of 2021, the total value of residential dwellings in Australia's increased by $449.9 billion. This is...
How to calculate rental yield. When buying an investment property, investors review the performance of their asset in three ways. These are income, capital growth and tax effectiveness. Understanding the rental yield is among the most important factor when considering a purchase. In this market insight we discuss what a rental yield is, how to calculate it and what is deemed a good return. What is Rental...
The term metropolitan Melbourne is widely used in government speeches, property analysis and other forms of geographic statistics. In this market insight we take the opportunity to help you understand what metropolitan Melbourne is. Melbourne has been ranked the most liveable city in the world many times. Previously ranked first, for five consecutive years, but in the last ranking it took eighth place....