Melbourne and Canberra’s property markets have officially broken the $1 million mark for median house prices during the June quarter as a ‘perfect storm’ of factors continues to drive our property prices higher again across all capital cities. Australia’s national median house price has climbed exceptionally close to the million-dollar mark at $955,927 – which…
Search for: Melbourne property
I hosted a seminar in August 2018 where I presented an investment case for (investment-grade) houses in Brisbane in the $800,000 to $1m price range. It was my thesis that they represented excellent value and had a high probability of delivering above-average returns in the medium term. An investment-grade house that sold for circa $800,000 in late…
A surge of Australians looking to buy a property has seen prices soar in some Sydney, Melbourne and Brisbane suburbs over the past two years. Property prices have hit record highs this year and, despite the effects of Covid19 recent Domain Research shows median prices rose annually 6.7% across Sydney houses, 3.9% in Melbourne houses…
Melbourne’s Covid transmission outbreak has been widely publicised by the media. Melbourne’s daily positive test rate is relatively benign by world standards (i.e. 0.5-0.6% versus 7.5% in the USA). However, the reinstated 6-week lockdown of Melbourne is likely to have a negative impact on Australia’s economy. Melbourne is responsible for producing over 19% of Australia’s…
What drives property price growth? That’s what I’m going to discuss in today’s episode. Then I’m going to have a chat with Kate Forbes about the surging population growth in Melbourne. Melbourne is likely already Australia’s largest capital city. That doesn’t mean you can invest just anywhere in Melbourne, but we’re going to give you…
The Australian housing market is gathering momentum, with an uptick in activity in recent months also being reflected in NAB’s Residential Property Index which moved back into positive territory for the first time since mid-2018. Overall, the Index rose 26 points in the September quarter to an above average +18. Housing market sentiment among property…
How much of a premium would you be prepared to pay to live in a school zone? Melbourne school catchment zones can add instant appeal to your property and clearly some people are prepared to pay a lot according to REIV data showing that homes located within the catchment area for some of Melbourne’s best public…
Despite the challenges of cost-of-living pressures and high interest rates, property prices just keep rising. All major property research houses confirmed rising values through the month of April and this trend is driven by a number of factors, including a chronic shortage of new homes at a time of strong population growth, high building costs,…
Are you thinking of becoming a property investor? If you’re planning on trading the smashed avo and craft beer for a property portfolio, knowing where to start can be challenging – especially if you’re the first in your group of friends to embark on the property investing path. Here are six tips for young investors,…
Are you wondering what’s ahead for the Brisbane property market in 2024? Brisbane continues to be one of Australia’s strongest capital city housing markets and is likely to remain so throughout 2024, with dwelling values continuing to go from strength to strength. Brisbane’s housing market skyrocketed over the last few years with 55.2% price growth…