Buying a small block of land in Melbourne has become widely popular over the last 5 years. Given the fact Melbourne property prices have continued to increase, its created an affordability problem for many. At Crest Property Investments we have seen a large take-up of buyers wanting to build a new house on a small block of land. This has allowed many new buyers to enter the market without heavily...
The term metropolitan Melbourne is widely used in government speeches, property analysis and other forms of geographic statistics. In this market insight we take the opportunity to help you understand what metropolitan Melbourne is. Melbourne has been ranked the most liveable city in the world many times. Previously ranked first, for five consecutive years, but in the last ranking it took eighth place....
We can't judge a suburb or location on size. Some of Melbourne's smallest suburbs under 100 hectares have been consistently ranked among the most liveable locations. Surveys conducted by Domain clearly demonstrate that area sizes of suburbs are irrelevant. These studies ranked over 300 Melbourne suburbs based on a number of criteria. It has taken into account the density of cafes, the walkability...
HomeBuilder construction commencement was recently extended. Initially it was for 6 months post contract signing, but it the Government recently announcement an extension of 18 months. Were you one of the 121,000 people who took advantage of the HomeBuilder grant? Good news for those people who were able to proceed with an off the plan purchase. The extension was placed in response to the...
Rental Market Snapshot: The Melbourne property market continues to witness unprecedented capital growth, particularly in Melbourne. When buying an investment property rental income is just as important. Regional Victoria continues to demonstrate better vacancy rates to Metropolitan Melbourne. According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant...
Post the global pandemic in 2020, Melbourne has seen some unprecedented increases in property prices. This the the time when consulting property advice from an authorised representative will enable you to buy a property that is right for you. These increases are alarming and pleasing to many, but be careful not to follow these as a single influence to buy. Advice is always recommended. Feel free to...
If you plan to be a successful property investor, you'll need to quickly create a mindset that investing in property is not a hobby. Establishing a property portfolio should be treated similar to a business. If you are new to investing this market insight will highlight the important aspects to investing better. Owning an investment property can be very rewarding by offering a passive income through rent,...
Most popular suburbs first-home buyers are purchasing. At Crest Property Investments, we source brand new and off the plan properties for buyers. At present, we are discussing and meeting with many first home buyers taking advantage of the government incentives and record low interest rates. The covid-19 pandemic has seen many young Australians look into their borrowing capacity and buying opportunities....
Apartment supply shortage. There is a significant fall in the number of new apartments within the process of pre-sales or under construction stages. The apartment supply shortage is very evident and will continue further in 2021-2022. At present the demand is highly outweighing the apartment supply. The demand has been fuelled by the fact interest rates are at historic lows and there are a variety of...
Rental Market Snapshot: As Melbourne continues to move forward from a tough global pandemic in 2020, the rental vacancy market still remains above normal levels. Taking a look at both metropolitan Melbourne, property sales continues an upward trend, however, vacancies continue to worsen. When we next share these statistics in March 2021, we anticipate vacancy rates to start to moderate and start to...