Shopping centres were traditionally not the major considering factor for home buyers and property investors. However over the last decade, shopping centres have gradually upgraded their services. From retail stores to modern indoor entertainment facilities, to a vast choice of cuisines, the modern shopping experience has never been so diverse. These major shopping precincts have played a large contributing...
Melbourne property market has experiences some impressive capital growth returns. Toorak continues to rank the most expensive suburb with a median house price of $5,000,000 up from $4,455,000 in December 2020. Middle Park and Canterbury continue to hot the podium places of 2nd and third respectively. Middle Park has increased to $3,842,500 in June 2021 from $3,197500 in December 2020, while Canterbury has...
The Melbourne property market has seen some incredible capital growth, particularly in metropolitan Melbourne. There has been plenty of buying activity and successful auction clearance rates. Top growth suburbs by median house price Here is a current list of the suburbs that have seen some big capital appreciated from March 2021 to June 2021 (3 mth period): Top growth in median unit prices Here is a...
Rental Market Snapshot: The Melbourne property market continues to witness unprecedented capital growth, particularly in Melbourne. When buying an investment property rental income is just as important. Regional Victoria continues to demonstrate better vacancy rates to Metropolitan Melbourne. According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant...
Top 10 trends when building a new house. The property market has been in high demand in recent months. Many investors and owner occupiers have been taking advantage of various government stimulus packages and buying various types of properties in different locations. At Crest Property Investments we have seen some common trends with what people are looking for when building a house and land...
Buying a small block of land in Melbourne has become widely popular over the last 5 years. Given the fact Melbourne property prices have continued to increase, its created an affordability problem for many. At Crest Property Investments we have seen a large take-up of buyers wanting to build a new house on a small block of land. This has allowed many new buyers to enter the market without heavily...
The term metropolitan Melbourne is widely used in government speeches, property analysis and other forms of geographic statistics. In this market insight we take the opportunity to help you understand what metropolitan Melbourne is. Melbourne has been ranked the most liveable city in the world many times. Previously ranked first, for five consecutive years, but in the last ranking it took eighth place....
We can't judge a suburb or location on size. Some of Melbourne's smallest suburbs under 100 hectares have been consistently ranked among the most liveable locations. Surveys conducted by Domain clearly demonstrate that area sizes of suburbs are irrelevant. These studies ranked over 300 Melbourne suburbs based on a number of criteria. It has taken into account the density of cafes, the walkability...
HomeBuilder construction commencement was recently extended. Initially it was for 6 months post contract signing, but it the Government recently announcement an extension of 18 months. Were you one of the 121,000 people who took advantage of the HomeBuilder grant? Good news for those people who were able to proceed with an off the plan purchase. The extension was placed in response to the...
Rental Market Snapshot: The Melbourne property market continues to witness unprecedented capital growth, particularly in Melbourne. When buying an investment property rental income is just as important. Regional Victoria continues to demonstrate better vacancy rates to Metropolitan Melbourne. According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant...