Building approvals - update. As the Australia economy continues to persevere through the global pandemic, building approvals improve as we anticipate new build activity within the next 12-18 months. Courtesy of the Australian Bureau of Statistics (ABS), there are some tabular and graphical illustrations for you to see. Overall summary The seasonally adjusted estimate for total dwellings...
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...
Australian population update. Over the last few years, or even decades, the Australian population has witnessed some strong population growth. However in the wake of the global pandemic, growth numbers have fallen. With the international border restrictions that took place from March 2020, Australia’s population has increased by 35,700. The net overseas migration was 95,300 over the year to March....
Will the Delta-strain destroy the property market? The answer is NO according to the latest ANZ Bank research.Life in Australia is far from the norm, with covid-19 and the new delta-strain continuing to trouble our lives. In spite of this, the property market nationally has witnessed some strong price rises. According to recent studies conducted by ANZ Bank, the property market is likely to continue...
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...
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...
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...
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...