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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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,…
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 Melbourne…
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…
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…
