Melbourne property market has seen a number of new suburbs join the million dollar club with Clarinda sneaking in. Toorak remains in the top spot with a median house price of $4,370,000, however less than 30 sales were transacted in the last three months. Malvern and Hampton take second and third places respectively with $3,160,000 and $3,120,000, but also witnessed less that 30 sales in the same...
The new HomeBuyer Fund was announced by the Victorian Government on the 8th October 2021. Premier Dan Andrews revealed a $500 million scheme that’s expected to support more than 3,000 Victorians becoming home owners. This welcoming news is to improve housing affordability and to attempt further stability. Premier Dan Andrew also mentioned, “The pandemic has heightened financial pressures for...
Rental Market Snapshot: The Melbourne property market continues to go strength to strength. The demand is continuously outstripping supply, which places further upward pressures on property prices. The rental income, particularly in metropolitan Melbourne is stabilising and improving each month since the wake of the global pandemic. Regional Victoria continues to demonstrate better vacancy rates to...
The Melbourne property market has shown some resilience to the global pandemic, At the moment, demand heavily outstrips supply, placing upward pressures on prices. Top growth suburbs by median house price Here is a current list of the suburbs that have seen some big capital appreciated from June 2021 to September 2021 (3 mth period): Note: Only quarterly median prices from suburbs with at least 30 sales...
Activities during lockdown. If you’ve been struggling to entertain themselves, here are some fun tips. 1. Virtual social events You won't believe how many social events are available online! You can play trivia pursuit with family or friends, murder mystery games, book clubs and so much more. You can do yoga classes, cocktail nights and even board games. 2. Do an online course If...
What is stamp duty? Here is a guide to understanding stamp duty in Victoria when purchasing a direct residential property. Before purchasing a property, it's wise to assess the stamp duty implications to ensure you can afford the total cost of buying a home. What is stamp duty? In Victoria is also known by the term 'land transfer duty'. It is essentially incurred when a buyer purchases a...
Tips for creating a study nook in an apartment. The popularity to live in an apartment has continued over the last decade. Many people have chosen to occupy an apartment for its low maintenance, security and the fact they are generally very well located. In the wake of the global pandemic, many have adapted to living and working from home. We anticipate this trend to continue for the foreseeable future....
Shopping centres were traditionally not the major considering factor for home buyers and property investors. However over the last decade, shopping centres have gradually upgraded their services. From retail stores to modern indoor entertainment facilities, to a vast choice of cuisines, the modern shopping experience has never been so diverse. These major shopping precincts have played a large contributing...
Melbourne property market has experiences some impressive capital growth returns. Toorak continues to rank the most expensive suburb with a median house price of $5,000,000 up from $4,455,000 in December 2020. Middle Park and Canterbury continue to hot the podium places of 2nd and third respectively. Middle Park has increased to $3,842,500 in June 2021 from $3,197500 in December 2020, while Canterbury has...
The Melbourne property market has seen some incredible capital growth, particularly in metropolitan Melbourne. There has been plenty of buying activity and successful auction clearance rates. Top growth suburbs by median house price Here is a current list of the suburbs that have seen some big capital appreciated from March 2021 to June 2021 (3 mth period): Top growth in median unit prices Here is a...