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 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…
The Melbourne property market has been one of the strongest and most consistent performers over the last few 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…
Ever wondered how many bedrooms the average Melbourne house has and how this differs by dwelling type across Melbourne? Separate dwellings comprise 66.1% of the stock in Greater Melbourne, but they come in all shapes and sizes, adding to the diversity mix. A major trend in recent years has been the increasing size of separate…
Be careful when buying an apartment in Melbourne. Melbourne has to house almost 100,000 new residents each year, and with housing affordability top of mind in Australia’s largest cities, we have seen an influx of apartment developments rising up in place of traditional housing. While investors remain interested in reasonably priced property and low vacancy rates,…
Over the June 2019 quarter, resales of Melbourne properties generated $4.316 billion worth of profits and $70.7 million in losses. These figures indicated that Melbourne generated 26.4% of total resale profits nationally over the quarter as well as producing 9.8% of total resales losses. Over the quarter, there were no resales at a loss in…
Australian cities are typically low density, sprawling entities. Separate houses are the most common dwelling type in Australia, comprising 71% of all dwellings in 2016. In recent years, more dense forms of housing, such as flats, townhouses and villas, have become increasingly common. This has increased the diversity of housing stock in many parts of…
Melbourne is Manhattanising – we’re trading backyards for balconies. If you were a visitor from overseas coming back after a decade you just wouldn’t recognise the skyline. Similarly if you live in inner or middle Melbourne you would have observed the changing landscape – houses with large front yards being replaced by units, townhouses and…
There’s little doubt that Australia is currently experiencing rapid rates of population growth, but much of the focus has been on immigration. However populations grow in two main ways — through net migration and natural increase ie the difference between births and deaths. In recent years the number of births in Australia has exceeded 300,000 per…
The rivalry between Melbourne and Sydney has a long history. Everything from the weather to the football is keenly debated. But one thing remains a fact – Sydney is Australia’s largest city, with a 2018 population of 5.23 million. But has it always been this way, and what of the future? Read on the find…
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…
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