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...
Unexpected costs when buying your first home. Once you've found a property you can afford, it can be easy to miss many other costs associated to buying or holding a property. In this market insight we share some cost to look out for before committing to your purchase. Council and water rates Once you own the property, you'll need to pay council and water rates. Generally payable on a...
How to rate a good suburb. Metropolitan Melbourne is blessed with some incredibly designed suburbs. Whether you’re buying a new home to live in or looking to invest, there are many contributors and factors that narrow a good suburb down to suit your particular needs. Owner occupiers may factor more contributors to a suburb that features lifestyle, while investors may be looking for suburbs that are...
Why choose longer title timeframes? When buying off the plan, house and land packages have been incredibly popular over the last three years. At Crest Property Investments, we have seen supply heavily outstrip demand. This has caused many buyers to consider buying longer title timeframes to own their dream home or that perfect investment property. While longer title time-frames can sound...
The Melbourne property market has finished the year with some amazing results. A historical year throughout the country. 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 September 2021 to December 2021 (3 mth period): Note: Only...
Rental Market Snapshot: The Melbourne property market continues to improve in both vacancy rates and higher yields. The demand continuous to outstripping supply, which is expected into the new year. Regional Victoria continues to demonstrate better vacancy rates to Metropolitan Melbourne, however median rental prices in Melbourne is starting to increase. According to the The Real Estate Institute of...
The Melbourne property market has seen a number of new suburbs join the million dollar club while a few dropped out. Toorak remains in the top spot with a median house price of $4,585,000, while East Melbourne jumped into second place with $4,333,000 and Portsea taking third place with $3,840,000 (however Portsea had less than 30 sales were transacted in the last three months). Rounding up the top 5, was...
Reasons people use home security cameras. Most people buy and install home security cameras to protect themselves and potentially detract burglars or thieves from invading their home. Most would already be well aware that this is the primary reason to have them. However you'd be surprised to learn what other odd reasons people also look to have them. According to an RACV survey there are almost...
Benefits of buying off the plan. It can be a rewarding experience buying a brand-new property. When buying off the plan, you have a number of unique benefits that make this form of buying real estate very exciting. With any form of property purchase there are always various advantages and disadvantages to consider. In this market insight we will focus on the key benefits of buying off the plan. The most...