New Real Estate Institute of Victoria (REIV) data shows for the three months ended 30 June 2018, median house price performance in regional Victoria outstripped that in Melbourne. While median house prices in the state’s regions rose 4.0% to $419,500, they dipped by 0.6% to $840,000 in the Melbourne metro area. Melbourne was predominantly effected by the decline in auction results as private sales...
According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant properties in metro Melbourne fell slightly to 1.9%, while regional Victoria remained at 1.6% in June 2018. The weekly median rent for houses in metropolitan Melbourne rose back to $450 a week, while the weekly median rent for houses also increased to $330 a week in regional...
Investing in property is very rewarding. It's ability to provide you with tax benefits is quite an appealing incentive to many. A successful property investor will focus on maximising their returns by aiming to increase their income through rent, review the potential capital growth, but also taking advantage of capitalising on the tax incentives provided in property investing. As the financial year has...
With property prices exceeding the average wage increase in Melbourne, many people are struggling to buy their own home. While the great Australian dream of owning a home is still very real for many, people are taking different home-buying pathways to get their foot into the property market. One purchasing type that has been a growing trend is 'rentvesting'. What is rentvesting and what are the...
We have some great post graduates making their way into the world. Striving with confidence, enthusiasm and motivation, what are the most popular suburbs for these young processionals? We have summarised five very popular suburbs. The Melbourne CBD provides these young professionals with great work opportunities and an active lifestyle. Here are a list of the most popular suburbs in...
Which suburb in Melbourne is the oldest and youngest? Melbourne still remains a young city in comparison to the world. It has now grown to a population of 4.9 million people. Which suburb in Melbourne is the oldest and youngest? According to the Australian Bureau of Statistic's census report, Melbourne is projected to overtake Sydney as Australia's biggest city by 2030. However Melbourne's population...
Builders warranty is a topic not often discussed, but we think this is a valuable and important discussion to have. As we specialise in buying new and off-the-plan property, we want to share some usual details. As property advisers, when buying an off-the-plan property we do our due diligence on both the developer and builder. Sometimes this can be the same person. A good reputable builder who holds a...
Melbourne is a highly desirable place to live. In fact it has been ranked the best place in the world by Economist Intelligence Unit’s (EIU) from 2011-2018. Many inner city suburbs have contributed to Melbourne's culture, environment and stability. So what are the most populated suburbs? Melbournians love their city and have little desire to live to far away from it. As the land scarcity increases...
Amenities is a silent achiever when buying property. This is relevant if buying to occupy or invest. In this article, we take the opportunity to highlight how amenities should never be overlooked when sourcing the right investment property. It is widely known that the further we live from Melbourne (or any city for that matter), the fewer amenities become available. The closer we are to the inner cities...
A Sunset Clause is a common condition included within a Contract of Sale when purchasing a property off-the-plan. It's a common term discussed among friends, but we want to help you understand that this isn't a 'bad term'. Many take this as problematic issue when buying. Sunset Clauses are usually included as a way of protecting the interests of both parties when it comes to a sale. What is a Sunset...