Every Australian capital city has its ups and downs when it comes to property investment. But before you launch into investing in Melbourne it’s worth doing your research and seeking expert advice. That’s why we’ve developed these articles, for a more local perspective on what you’ve read about investment so far.
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Melbourne’s property markets have been in the slump phase of the property cycle since late 2017. But our markets have been very fragmented with some suburbs falling in value considerably more than others. However the good news is that there are signs of the market bottoming out. Auction clearance rates have been picking up as…
The Melbourne property market has been one of the strongest and most consistent performers over the last few decades. However after peaking in November 2017 the market is now taking a breather. But the Melbourne real estate market is not crashing as some property pessimists predict – it is experiencing a soft landing. There are no forced sales by desperate…
![Melbourne Housing Market Update [video] | March 2019](https://cdn.propertyupdate.com.au/wp-content/uploads/2019/03/melbourne1-270x200.jpg)
The Melbourne housing market recorded a 1% fall in values over the month, taking the annual decline to -9.1% and total decline since the market peaked to -9.6%. CoreLogic has released their newest housing market update for March 2019. Values are generally trending lower across all of Melbourne’s sub-regions, however detached houses are showing weaker conditions relative…
With the Melbourne housing market continuing to cool, upgraders are in a position to exploit opportunities and grab themselves good properties for the long term. There were a number of property markets that were suffering weakness and would provide potential opportunities for buyers looking for their forever home. Houses in popular areas such as Melbourne’s…
Melbourne is becoming “an economically polarised city, a place of haves and have nots, driven by our geographical size”as the gap in income growth between the inner suburbs and the fast-growing fringe widens according to new research from the Committee for Melbourne. And this will only worsen as the population grows from its current 5…
![Melbourne Housing Market Update [video] | October 2018](https://cdn.propertyupdate.com.au/wp-content/uploads/2018/10/melbourne-270x200.jpg)
Melbourne`s housing downturn has gathered some pace over recent months, with dwelling values tracking 2.4% lower over the September quarter; that`s the largest decline over the quarter for any capital city and Melbourne`s largest fall over any three month period since January 2012. CoreLogic has released their newest housing market update for October 2018. The…
With an average holding period for houses of 27.7 years, Huntingdale has topped the Top 5 list of the most tightly held suburbs in Melbourne. Analysis, based on CoreLogic’s data, by property research house RiskWise shows Belgrave Heights was just 3.8 years behind Huntingdale, coming in at No.2 with an average hold period of 23.9…
Over the June 2018 quarter, resales of Melbourne properties generated $4.299 billion worth of profits and $37.1 million in losses. These figures indicated that Melbourne generated 27.4% of total resale profits nationally over the quarter as well as producing 7.9% of total resales losses. Over the quarter, there were no resales at a loss in…
Wondering what’s going on in the Melbourne property market? Well…it’s moved to the next phase of the property cycle, and Corelogic report that the Melbourne housing market recorded the largest property value decline of any capital city over the three months ending August 2018. But don’t be frightened off – it’s experiencing a “soft landing.”…
The price-based housing affordability metrics have improved slightly over the June 2018 quarter due to some recent falls in median prices. While the quarterly improvement is welcome, there has been a significant decline in overall affordability over recent years as household income growth has lagged median price growth. Over the past five years, median prices…
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