Top growth suburbs over the last three month period ending 31 December 2024. With interest rates remaining elevated, there is growing optimism that recent inflation data may prompt the Reserve Bank of Australia (RBA) to consider a rate cut in the coming quarter. Such a move could provide much-needed relief to borrowers and stimulate further activity in the property market. Over the past three months,...
Current Rental Market Trends Rental Market Snapshot, according to the Real Estate Institute of Victoria (REIV): Melbourne’s rental vacancy rate rose slightly to 2.5% as of 31 December 2024, up from 2.3% in December 2023. Regional Victoria’s vacancy rate remained stable at 2.1%, showing minimal change over the past year. Weekly median rent for houses in Melbourne decreased by $10, settling...
Rental Market Snapshot: According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant properties in metropolitan Melbourne increase to approx. 2.4% as at 30 September 2024. This has increased over the last three months, but remains steady when comparing it to 31 December 2023 where it was approximately 2.3%. The proportion of vacant properties in regional Victoria...
Top growth suburbs over the last three month period ending 30 September 2024. With interest rates remaining higher than previous years and Melbourne's imposed land tax, the property market in Victoria has underperformed the other states of Australia. There were however, a number of suburbs that witnessed very good capital growth over the course of the last three months. Here we focus and share the...
Top growth suburbs over the last three month period ending 30 June 2024. The Melbourne property market has seen some moderate gains throughout 2024, but it has been inconsistent. In comparison to other states of Australia, it hasn't outperformed. However there have been some standouts in the last quarter, many areas within the metropolitan Melbourne location achieving double digit returns in both...
Rental Market Snapshot: According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant properties in metropolitan Melbourne stands at approx. 2.2% 30 June 2024. This has remained steady for the first six months of 2024 where it was at 2.3% ending 31 December 2023. The proportion of vacant properties in regional Victoria stands at approx. 2.1% as at 30 June 2024. This has...
Why should you invest in Victoria? Macro factors that drive fluctuations in the economy also influence the property market. While property markets are cyclical, quality residential properties in good locations held for the medium to long term, have historically performed and remain one of the most robust and popular investment options. Experienced investors understand that downturns are often...
After the first quarter of 2024, there were many suburbs fetching higher price tags and have accumulated greatly than what was seen in 2022-2023. This is the first quarter in many consecutive quarters that Toorak was not on top. Brighton took top spot at $4,135,000, with Portsea taking second at $4,100,000. Malvern, Toorak and Kew rounded the top 5 with $3,265,000, $3,072,500 & $2,980,000 respectively....
Top growth suburbs over the last three month period ending March 2024. Property supply is in short supply, while demand remains above average. Buying activity to still relatively consistent but the market is in a period of quietness to some degree. There were many areas within metropolitan Melbourne achieving double digit returns in median property prices, however unit price growth outperformed with...
Rental Market Snapshot: The Melbourne property market sees a great need for housing. This trend has remained consistent for 12 months, particularly as interest rates has influenced more people to rent over buying their own home. According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant properties in metro Melbourne stands at approx. 2.1% 31 March 2024. . This has...