Here is a list of 'Median Prices & Rents by Bedrooms' for Melbourne. These were last recorded as at September 2018. Naturally the chart below demonstrates that the price increases as the bedroom accumulate. The greatest increase is when you decide to purchase a 4 bedroom compared to a 3 bedroom. Ultimately on the basis that a 3 bedroom is likely a unit, Apartment or Townhouse while a 4 bedroom...
The Melbourne property market has had some capital growth variances in the last three months to September 2018. Mount Eliza takes the top of the table with an impressive 17.60% change from June 2018 - September 2018. The results below show that a combination of inner city and outer city suburbs have presented positive returns. *Only suburbs with at least 30 sales in the relevant quarter are...
According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant properties in metro Melbourne was recorded at 2.0%, while regional Victoria was at 1.4% in September 2018. The weekly median rent for houses in metropolitan Melbourne rose to $460 a week, while the weekly median rent for houses was recorded at $330 a week in regional...
The Real Estate Institute of Victoria (REIV) data shows for the three months ended 30 September 2018, median house price performance remained stable. According to the REIV, there was an increase of 13.6% in the value of homes sold on the private market compared to just 0.6% via auction over the last 12 months. Resulting in an overall increase of 5% in the last 12 months. REIV also highlighted that...
New Real Estate Institute of Victoria (REIV) data shows for the three months ended 30 June 2018, median house price performance in regional Victoria outstripped that in Melbourne. While median house prices in the state’s regions rose 4.0% to $419,500, they dipped by 0.6% to $840,000 in the Melbourne metro area. Melbourne was predominantly effected by the decline in auction results as private sales...
According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant properties in metro Melbourne fell slightly to 1.9%, while regional Victoria remained at 1.6% in June 2018. The weekly median rent for houses in metropolitan Melbourne rose back to $450 a week, while the weekly median rent for houses also increased to $330 a week in regional...
Property investing and schools have influential trends. Certain properties have had significant appreciation in values when falling within school zones. As many schools in Melbourne have had great returns for property investors we thought it'd be an enjoyable article to share. Please note, these ratings were sourced and managed by https://bettereducation.com.au. Please see their website for their...
We have some great post graduates making their way into the world. Striving with confidence, enthusiasm and motivation, what are the most popular suburbs for these young processionals? We have summarised five very popular suburbs. The Melbourne CBD provides these young professionals with great work opportunities and an active lifestyle. Here are a list of the most popular suburbs in...
Which suburb in Melbourne is the oldest and youngest? Melbourne still remains a young city in comparison to the world. It has now grown to a population of 4.9 million people. Which suburb in Melbourne is the oldest and youngest? According to the Australian Bureau of Statistic's census report, Melbourne is projected to overtake Sydney as Australia's biggest city by 2030. However Melbourne's population...
Melbourne is a highly desirable place to live. In fact it has been ranked the best place in the world by Economist Intelligence Unit’s (EIU) from 2011-2018. Many inner city suburbs have contributed to Melbourne's culture, environment and stability. So what are the most populated suburbs? Melbournians love their city and have little desire to live to far away from it. As the land scarcity increases...