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...
Crime rates update ending Sept 2022. Here we summarise the latest state wide crime rates figures in Victoria, Melbourne. State wide figures The number of criminal incidents recorded by Victoria Police in the year to 30 September 2022 was 343,982, down 3.6% from 356,920 incidents recorded in the same period last year. The number of offences recorded by Victoria Police in the year 30...
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...
Historically, concrete flooring was seen in commercial and retail properties. They have been used for many decades, but there is a new trend popping up, particularly in Melbourne. Concrete flooring is making an appearance in residential homes. There are a number of benefits polished concrete flooring can offer you and you home. In this market insight we highlight some of them (in no...
Residential fencing laws in Victoria. When buying a house and land package, there are many ways of going about it. The more popular and transparent method is to buy a full turn-key home that offers a fixed price and is fully inclusive. Fully inclusive, also means landscaping and fencing. As each home has a fence dividing each property to the next, the last thing you want to do is upset your new...