Rental Market Snapshot: The Melbourne property market continues to see a heavy supply shortfall for rental properties. Vacancy rates have further decreased as property affordability remains challenging. According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant properties in metro Melbourne stands at approx. 2.1% as at 30 June 2023. This has significantly...
There continues to be many suburbs within metropolitan Melbourne fetching past the million dollar figure. Toorak continues to hold the top spot at $6,500,000. Second and third place was Brighton and Middle Park surpassing $3,205,000 and $3,030,000 respectively. Rounding up the top 5, was Balwyn and Hawthorn East both fetching $2,985,000 and $2,913,000 respectively. The majority of suburbs continue to...
After the conclusion of another quarter ending June 2023, the Reserve Bank of Australia (RBA) kept interest rates on hold for the month of June. The Melbourne property market continues to experience good levels of buying and selling with auction clearance rates at 78% for the week ending 16th June 2023. A number of suburbs in both house and units prices witnessed some excellent capital growth. Here we...
Sustainable living has been well received for many years. Many new home designs are placing much more focus on sustainable living to compliment the functionality of a home. At Crest Property Investments, we are very excited witness the evolvement of this and look forward to further change in the coming years ahead. In this market insight we share some simple tips that are very effective all year round in...
As interest rates see the first month on hold after consecutive months of increases, the Melbourne property market has seen a higher level of buying demand and property transactions. A number of suburbs in both house and units prices witness some capital growth. Here we focus and share the latest quarterly figures within the Melbourne property market. Top growth suburbs by median house price Here is a...
Rental Market Snapshot: The Melbourne property market continues to see a supply issue for rental prices. It's becoming more evident when we reflect on the vacancy rates in this market insight. As interest rates look to potentially hold it's anticipated that more buyers will enter the market to purchase their own property over renting. As a property investor, leasing your property has never been...
There continues to be many suburbs within metropolitan Melbourne fetching past the million dollar figure. Toorak continues to hold the top spot at $5,550,000. Second and third place was Flinders and Canterbury surpassing $4,110,000 and $3,361,000 respectively. Rounding up the top 5, was Brighton which was previously third in the last quarter and and Shorum both fetching $3,300,000. The majority of...
There continues to be many suburbs within metropolitan Melbourne fetching past the million dollar figure. Toorak continues to hold the top spot at $5,550,000. Second and third place was Flinders and Canterbury surpassing $4,110,000 and $3,361,000 respectively. Rounding up the top 5, was Brighton which was previously third in the last quarter and and Shorum both fetching $3,300,000. The majority of...
Reviewing the last quarter of 2022, the Melbourne property market continued to experience the upward trend to interest rates causing home affordability issues vut there were still a number of suburbs that increased strongly 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 seen...
Rental Market Snapshot: The Melbourne property market has seen a huge take up in rentals. The property supply shortfall is upon us and it is likely to see potential upward pressures on property prices as the year progresses in 2023. At this stage interest rates are placing affordability issues on many buyers, so the rental market will remain hot. Regional Victoria continues to demonstrate better vacancy...