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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The Melbourne property market has suffered more than any other market from Covid -19. Having endured a prolonged lockdown, many are wondering what’s ahead for Melbourne real estate. Well property expert Pete Wargent recently reassured those interested in Melbourne suggesting now is a great time for for prospective homebuyers in Melbourne to prepare to buy….
Melbourne businesses are twice as optimistic as they were a month ago when it comes to what they think the Victorian and Federal Government economies will look like in 12 months. According to the September Sensis Business Index, 35% of Melbourne businesses believe the Victorian economy will be better in a year compared with 17%…
The Melbourne property market has been one of the strongest and most consistent performers over the last four decades. Over the last 40 years: The median house price in Melbourne has increased by 7.9% per annum The median unit/apartment price in Melbourne has increased by 7.73%per annum Of course, like all property markets, the Melbourne…
Victoria’s tightening lockdown could knock at least $12bn off the Victorian and national economy and delay the return to positive Australian GDP growth to the December quarter. The federal budget deficit this year ultimately pushed up to $235bn (from the Government’s recent projection of $184.5bn). This is the topic of a recent Oliver’s Insight where Dr Shane…
With Melbourne returning to lockdown conditions amidst an acceleration in virus cases, it’s worthwhile looking back at the housing markets performance through the earlier lockdown period. From midnight of July 8th, residents of Melbourne and the Mitchell Shire will be unable to leave their home unless they are shopping for essential items, seeking/giving medical care,…
Unlike in any other big city in Australia, many parents have crowded the Melbourne property market in certain school zones. Prices in these hotspots have been driven up, especially where the top schools are located. In fact, research has shown that there are price differences of almost $400k when comparing suburbs inside and just outside…
If you’re looking to sell your Sydney home and move to Melbourne, you might be wondering what types of suburbs there are and if there are any equivalent areas. Of course, Sydney and Melbourne are quite different. However, you’ll be able to find similarities between different Melbourne and Sydney suburbs. Overall, you’ll be happy to…
Melbourne will soon be Australia’s largest city. In fact, Melbourne’s population is arguably already larger than Sydney’s, depending on where the boundaries are set. You see…the Australian Bureau of Statistics includes the Central Coast in its definition of Greater Sydney but leaves Geelong out of its definition of Greater Melbourne. But if you remove the…
Property prices in Australia are almost back to peak levels according to Domain’s December 2109 House Price Report . Melbourne’s house prices rose 5 per cent in the last three months of 2019 bringing Melbourne’s median house price to $901,951. Now just a whisker below the record of $908,734, set in the December quarter of 2017, new peaks…
The Melbourne housing market recorded a sharp turnaround over 2019 with strong market conditions prevailing over December. Weekend auction clearance rates soared over the year with December’s 75.5% result significantly higher than the record low 44.8% recorded over December 2018. Prices Now Rising Strongly. Bom-time auction clearance rates have translated into strong prices growth with…
