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.
Melbourne dwelling values pushed a further 0.7% higher of the three months ending May 2017 with a 1.2 percent rise in house failures, offsetting a 3.9 percent fall in unit values. The latest data shows Melbourne unit values have recorded the first year on year 4 since 2013. Since dwelling values started trending higher five years…
It seems to me that now we have the Federal Budget out of the way the Melbourne property market is continuing its climb. But how long will it last? While there were not a lot of positives in the budget for investors, it certainly could’ve been much worse. And that’s the point…. After weeks of…
According to the CoreLogic results, dwelling values increased by 0.1% across the combined capital cities in April, with housing market conditions slowing in both Sydney and Melbourne. The result for the Melbourne property market was also lower than previous months of 2017, with dwelling values up 0.5% over the month. Melbourne values increased slightly more…
With Sydney’s property prices continuing to rise to ever more unaffordable levels, residents are turning to Melbourne for more affordable alternatives. While both capitals have enjoyed a major boom in house prices, the average home in Melbourne is generally cheaper than in Sydney (sometimes by up to 40% for new apartments). Indeed, many Sydneysiders now…
There’s a lot of speculation about the future of out property market – but what can investors is Sydney and Melbourne really expect? This week watch Michael explain and discuss what we can expect in the Melbourne & Sydney property markets. This week’s questions: With 1/3 of borrowers having little to no buffer, and the interest…
In Melbourne, house values were 17.2% higher over the past twelve months compared with a 5.2% increase across the unit sector. Melbourne’s property market has continued to produce high levels of capital gains for investors. Dwelling values have surged by 15.9% over the past twelve months, mostly during by the strong conditions in detached housing…
The average time on the market for new land in Melbourne’s growth corridors has dropped below 60 days as the current upswing continues to gather pace, according to research by property group Oliver Hume. The research, compiled from analysing thousands of transactions and examining trends at nearly 200 projects throughout Victoria, shows the average time…
How long till Melbourne has a median house price of $1million? Well… that $1 million median may happen sooner rather than later according to Dr. Andrew Wilson, chief economist for Domain. In fact he’s having a little fun with this prediction and has put a countdown timer on his Facebook page – you can check out…
Guess which is the most popular capital city holiday destination in Australia. You’ll probably be surprised. In 2006, just over 13.2 million Australians aged 14+ reported that they’d like to spend a holiday within Australia in the next two years. Fast forward to 2016, and that figure now sits at almost 14.8 million, the latest…
In his column for Switzer, John McGrath discusses the rising demand from investors in Sydney and Melbourne. Demand from investors in Sydney and Melbourne is particularly high today following significant property price rises over the past five years in both cities. Investor appetite for bricks and mortar is reflected in the latest finance figures which show that NSW…
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