Are you ready for property investment? No doubt, Australians are aware that property investment is among one of the best investment assets to own. Having an asset that pays you a monthly income stream (rent) and overtime grows in value, what a great asset class to be involved in. It can be a running conversation at a friends dinner table, but having the courage to make the next steps to buying your...
Does a swimming pool help your investment property? Whether a swimming pool adds value to an investment property can depend on various factors, including the location of the property, the preferences of potential buyers or renters, and the overall market demand. Advantages of a swimming pool: Increased Appeal: In some areas, a pool can make a property more attractive, especially in warmer climates...
Top things to do in Collingwood Collingwood is an inner-city suburb only 3kms from the Melbourne CBD. Known for its artists and musical culture, Collingwood has been a very popular place to call home. Here is a list of things to do, but in no particular order: Grace Darling Hotel A 19th-century pub with a focus on locally produced beer and food, plus live indie bands. Check it out! Grace Darling...
Top tips for landlords. Owning an investment property can be very rewarding, particularly with the fact you receive a regularly monthly income stream (rent). It's not always easy to own and maintain a property, especially if you own multi properties. In this market insight we provide some simple tips for landlords that will help better manage their property. 1. Employ a Property Manager Some landlords...
Bank valuations vs Market valuations. In majority of cases, people looking to purchase a property to invest or occupy will acquire it with the help of borrowing funds. If this is the case, the loan application process will require a bank valuation in the lead up of offering you an unconditional loan approval. Many people receive a variety of market valuations in advance to obtaining a loan approval, but...
Great investor quotes. Certainly, there are many famous quotes from successful investors that offer valuable insights into the world of investing. Here are some timeless great investor quotes from renowned investors: Warren Buffett: "The stock market is designed to transfer money from the Active to the Patient." Peter Lynch: "The best investment you can make...
What is evaporative cooling? With the fluctuating weather patterns in Australia, particularly Melbourne, keeping your home cool during the summer season isn't always easy. Climate control within your home has significantly evolved over the last decade and they can also look aesthetically pleasing within the home. In this market insight we discuss more about evaporative cooling and its associated...
Over the last three months to September 2023, the Reserve Bank of Australia (RBA) retained interest rates on hold while we witnessed a few suburbs within metropolitan Melbourne achieving double digit returns in median property prices. This was seen in both housing and unit prices. Here we focus and share the latest quarterly figures within the Melbourne property market. Top growth suburbs by median house...
As we conclude the third quarter of the calendar year, there were many suburbs recording a price tag above a million dollars.. Toorak continues to hold the top spot strongly above the rest at $5,205,556. Second and third place were Malvern and Balwyn well above the $3 million mark. Canterbury was forth and the only other suburb to go beyond the $3 million dollar mark. Malvern, Balwyn and Canterbury...
Rental Market Snapshot: The Melbourne property market continues to see a heavy supply shortfall for rental properties. Vacancy rates have further decreased as property affordability remains challenging. According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant properties in metro Melbourne stands at approx. 2.4% as at 30 September 2023. This has increased from...