Property Market Update - December 2022. The property market has witnessed a number of big changes in the last 12 months. This has occurred for a number of reasons, but let's take a look at the numbers. According to CoreLogic, in the year ending November 2021, median property prices on a national basis increased by 22.2%. In the year ending November 2022, prices fell 3.2%. With unprecedented increases in...
Meeting with Tristan Markulija As the owner of Crest Property Investments, it can be difficult to lock Tristan down for a chat, but we had the opportunity to sit down with him to check in. Q. How's life in the fast lane? It has been a very busy 12 month period. Obviously the property market is experiencing a much needed slow down with the cause of interest rate hikes, but overall we have had a...
Meeting with Ryan Wu Ryan Wu is one of Crest Property Investments consultants who has assisted many buyers in purchasing off the plan. With a sound background in accounting, Ryan finds great passion in souring properties that not only make money for people, but can also be tax effective for investors. We took the opportunity to pull him aside and ask some personal questions about his work life and...
Business update - from Tristan Markulija Tristan Markulija is the founder and principal property adviser at Crest Property Investments. We took the opportunity to get an update on Crest Property Investments and all things property. Q. What does Crest Property Investments offer and why is it different? We source brand new and off the plan properties for buyers. If you are a first home buyer,...
Obtaining a building and pest inspection. As property advisers, we help source brand new and off the plan opportunities. It is an essential part of our client service to encourage all buyers to employ a building and pest inspection. In nearly 99% of cases, brand new properties detect any pest control issues, however its always recommended prior to settlement. These inspections are very feasible and ensures...
Top things to do in Altona Altona is an established suburb located 13 kms from the Melbourne CBD (city). The suburb is situated within the City of Hobsons Bay. Here is a list of things to do, but in no particular order: Altona Beach Altona Beach has attracted many locals and tourists and regarded one the most popular beaches in the western suburbs of Melbourne. It holds a number of different sporting...
Seven-star energy rating for new homes. The Victorian Government recently announced a set of new building standard that are to take into effect from 1st October 2023 with a transition strategy to occur from 1st May 2023. These new changes will mean, new home owners will find it cheaper to heat and cool your property all year round. It is anticipated to be more comfortable to occupy, particularly against...
The Australian property market has witnessed sharp interest rate rises, but it hasn't deferred from a number of suburbs surpassing the million dollar barrier. Toorak continues to hold the top spot after decreasing significantly to $3,650,000. Second place was Hawthorn East increasing substantially from seventeenth to second. Brighton dropped from second to third place, but its important to note both Toorak...
As we approach the third quarter of 2022, the Melbourne property market witnessed some interest rate hikes that caused many suburbs to experience capital depreciation. However there were still a number of suburbs that increased. 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...
Rental Market Snapshot: The Melbourne property market has witnessed some high interest rate moves in the last quarter, resulting into a short fall of rental properties throughout the state. As we enter the last quarter of 2022, it will be interesting to see how vacancy rates continue. At this point, they are reducing very fast. Regional Victoria continues to demonstrate better vacancy rates, however...