Historically, concrete flooring was seen in commercial and retail properties. They have been used for many decades, but there is a new trend popping up, particularly in Melbourne. Concrete flooring is making an appearance in residential homes. There are a number of benefits polished concrete flooring can offer you and you home. In this market insight we highlight some of them (in no...
Residential fencing laws in Victoria. When buying a house and land package, there are many ways of going about it. The more popular and transparent method is to buy a full turn-key home that offers a fixed price and is fully inclusive. Fully inclusive, also means landscaping and fencing. As each home has a fence dividing each property to the next, the last thing you want to do is upset your new...
The Australian property market surpassed the $10 trillion dollar mark early this year. The Melbourne property market represents a large proportion of the Australian real estate. Melbourne has many popular suburbs with a number of reputable suburbs part of the million dollar club. Toorak continues to hold the top spot increasing to a massive $5,550,000. Second place was Brighton with $3,700,000 and East...
Melbourne ranked top ten (10) liveable cities. According to the 2022 Global Liveability Index recently released by the Economist Intelligence Unit (EIU), Melbourne is the only city in Australia to reach the 10. The EIU ranked 173 cities around the world on a variety of factors, including health care, crime rates, political stability and infrastructure to name a few. Melbourne officially came in...
As we hit half way in the 2022 calendar year, the Melbourne property market only saw half of the suburbs from last quarter achieving a double digit growth appreciation. However there were many suburbs increasing above the average long term growth rate. Here we focus and share the latest quarterly figures within the Melbourne property market. Top growth suburbs by median house price Here is a current list...
Rental Market Snapshot: The Melbourne property market has seen a huge decrease in vacancy rates since the Reserve Bank of Australia (RBA) increased interest rates for three consecutive months. There are economical opinions that there may be some more movement in interest rates as we approach the end of 2022. This has influenced vacancy rates to decrease significantly however Rental yields have remained...
The benefits of a rear loaded home. There are many house designs created to cater many different forms of land sizes. Pricing affordability has also introduced a number of different house and land packages to meet buyer's budgets. Rear loaded homes are one of these great solutions that are being warmly received by buyers. What is a rear loaded home? A rear loaded home is when a garage is situated at...
As we pass the first quarter on 2022, The Melbourne property market saw a number of suburbs perform exceedingly well. Here we focus and share the latest quarterly figures within the Melbourne property market. Top growth suburbs by median house price Here is a current list of the suburbs that have seen some extraordinary capital appreciated from 1st January 2022 to 31st March 2022 (3 mth period): Note:...
The Melbourne property market has many popular suburbs. Many part of the million dollar club. Toorak has held top spot for some time, but in the last quarter Portsea took top spot with a house median price of $4,125,000. Second place was Malvern with $3,845,000 and Brighton taking third place with $3,500,000 (Portsea and Brighton had less than 30 sales transacted in the last three months). Rounding up the...
Rental Market Snapshot: The Melbourne property market has shown good signs of consistency in both vacancy rates and higher yields. As rental demand continues to increase, these figures are expected to improve as the year 2022 unfolds. Regional Victoria continues to demonstrate better vacancy rates, while the rental income is also increasing at a higher rate in comparison to metropolitan...