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...
Property investing and schools have influential trends. Certain properties have had significant appreciation in values when falling within school zones. As many schools in Melbourne have had great returns for property investors we thought it'd be an enjoyable article to share. Please note, these ratings were sourced and managed by https://bettereducation.com.au. Please see their website for their...
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...
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...
The latest conducted research by David Hensher and Corrinne Mulley of Sydney University confirmed that people commuting by public transport to the city prefer taking the train system. The three (3) main public used transportation systems are trains (railway), trams (light rails) and buses. Taxi and Urber transit are other highly used forms of transport, but we want to reflect on the public transport...
If you ask a real estate agent to name three of the most important things a property should have, you’ll likely hear ‘location, location, location.’ That phrase has been in use at least since 1926, according to The New York Times , and is just as relevant now as it was then. Interestingly, this applies to buyers looking to either occupy the property or to invest. Why does location matter so much?...