Melbourne Housing Market Update [video] | September 2018

Wondering what’s going on in the Melbourne property market? Well…it’s moved to the next phase of the property cycle,  and Corelogic report that the Melbourne housing market recorded the largest property value decline of any capital city over the three months ending August 2018. But don’t be frightened off – it’s experiencing a “soft landing.”…

Melbourne hits the 5 million people milestone today

Today is a very special day for Melbourne.  No it’s not the AFL Grand Final (a religious holiday) or the Melbourne Cup (another religious holiday), but Monday 27 August 2018 is the day our population is forecast to reach 5,000,000 people Leading demographer Malcolm McCrindle says that only is Melbourne Australia’s fastest growing city, but…

Melbourne’s undersupply leads to housing unaffordability

Melbourne is facing enormous undersupply issues and, therefore, dramatic housing unaffordability which will only get worse if nothing is done to address the situation.   Analysis by RiskWise Property Research shows immense population increases, and lack of dwellings suitable for families in the pipeline, is likely to create strong long-term growth in prices. Plan Melbourne 2017–2050…

The State of the Victoria Residential Property Market | August 2018

Over the second quarter of 2018, national dwelling values have declined by-0.5%, matching the -0.5% fall in values over the March quarter. Throughout the 12months to June2018, national dwelling values have declined by-0.8%.  Althougha -0.8% fall isn’t overly large, it is the greatest annual fall in values since September 2012 when values had fallen-1.1% over…

Melbourne's apartments — quality vs. rentability

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,…

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