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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There is no shortage of idyllic streets, extravagant properties and exclusive postcodes in Victoria’s capital. Before Coronavirus hit our markets, Melbourne property prices were surging with dwelling values up 12% higher to reach new highs. Melbourne housing values suffered because of its extended lockdown, which severely impacted market activity over the past three months, with CoreLogic estimates…
Play this important message from Michael Yardney The Melbourne property market has been one of the strongest and most consistent performers over the last four decades and despite having a lull in the last year, thanks to Covid19, it is now forecast to perform strongly in 2021. Over the last 40 years: The median house…
The most recent edition of Corelogic’s Pain and Gain report analyses approximately property re-sale events over the June 2020 quarter to see who’s made money on their property sale and who has not. Over the June quarter, the portion of loss making resales across Melbourne was 6.9%, up from 6.6% in the March quarter. This…
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%…
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…
