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No landlord wants a bad tenant, making it crucial for you to appear in a good light to secure a rental home. So what are the specific qualities agents and landlords seek in potential tenants? What landlords and agents are looking for? Most agents emphasise the paramount importance of security, ...
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Despite significant increases in mortgage interest rates, the housing market has displayed unexpected resilience this year.Following a tumultuous 2022, there were expectations of continued property price declines this year; however, this has not materialised.Sales volumes have experienced an earl...
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New data highlights that Australian renters have a strong attachment to their pets despite the fact that the majority of rental properties in the market do not permit them.The most frequently searched keywords by renters on realestate.com.au over the past year were dominated by "pet-friendly," pa...
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Australia's prominent four banks are foreseeing conservative increments of nearly 10 percent in Melbourne's housing prices over the next 16 months.Among them, ANZ is adopting the most careful stance, projecting a decrease of less than 0.5 percent in dwelling values by the end of 2023, followed by...
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In July, merely 1.41 per cent of potential rental properties in Melbourne were accessible to tenants. This number remained nearly stagnant, hovering at one of its historically lowest levels during the winter season.Notably, Melbourne's rental vacancy rate experienced the most substantial year-on-...
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A potential two-year rent freeze could exacerbate the situation and trigger a significant exodus of landlords in Victoria, leading to the sale of over 212,000 investment properties.Premier Daniel Andrews recently disclosed that the government is contemplating various housing and rental affordabil...
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The Fear Of Missing Out (FOMO) that previously propelled the property market to unprecedented levels during the pandemic has now been replaced by the Fear Of Making a Mistake (FOMM), resulting in a state of apprehension for both buyers and sellers, as highlighted by experts. Presently, indiv...
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Rent prices have persistently increased due to high demand and limited supply, intensifying competition for available rental properties. Nonetheless, tenants residing in smaller capital cities and regional areas are starting to witness signs of improved conditions. PropTrack's latest Market Insi...
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Supercharged by the COVID price cycle, a wide range of Melbourne suburbs experience a booming surge over the past five years, witnessing remarkable property price growth in both affluent and affordable neighbourhoods. Alphington, nestled in the verdant northeast of the city, witnessed a remarkab...
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Recent data reveals that homelessness in Victoria has risen by a staggering 24 percent in just five years.As of Census night 2021, 30,660 people experienced homelessness in the state, up from 24,817 in 2016.There was a 24 percent increase in the region, dwarfing the national increase of 5 percent...
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Investing in a rental property can seem like a great way to build wealth and generate passive income. However, managing your own rental property can be a lot more work than it initially appears. In fact, it can be a minefield of potential hazards that could end up costing you more than you bargai...
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With rental demand high, rental stock low, and rental prices on the rise, the rental crisis is reaching a critical point in many areas across the country. What actions can be taken to address this situation? Rents have risen well above most tenants' budgets, with some reporting a 30% increase in...
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After a slow end-of-year holiday period, the housing market has picked up the pace, with buyers being presented with a greater variety of properties. With 92.7% more homes listed for sale in the capital cities this month than in December, PropTrack's January Listings Report shows just how quiet ...
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In December, rental prices in Melbourne reached a new high, with tenants facing steep increases as landlords look to offset the impact of interest rate hikes. The median weekly rent for all housing types in the city increased by 2.3% to $450 in the last quarter of the year, reflecting a ch...
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New data shows that the Australian property market is experiencing a significant increase in foreign investment as migration booms post-Covid, with Melbourne emerging as a top-rated destination among buyers and renters. A report by PropTrack data analyst Karen Dellow shows that the number of ren...
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As China lifts its border restrictions for the first time this week, allowing its citizens to travel overseas, experts predict an increase in Chinese property investment. According to the leading Chinese property website group Juwai IQI, Australia is the top destination for Chinese buyers, foll...
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ANZ, one of the big four banks in Australia, forecasts the fastest ever rise in interest rates for the rest of the year. In spite of that, it is believed that most households can cope with the rapid rise, according to the Reserve Bank of Australia.ANZ economists are predicting the fastest rise in...
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Australia’s number one property website is seeing a spike in activity from international buyers.With borders reopening and COVID restrictions easing, PropTrack Overseas Search Report suggests a looming influx of arrivals.Overseas searches on realestate.com.au jumped sharply in June compared...
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With the looming Federal Election, billions of dollars worth of big-budget infrastructure projects have been approved. This includes a rail line linking Brisbane and the Sunshine Coast, a new university campus, an important stretch of motorway, and so much more with the potential to reshape commu...
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Melbourne’s property market strongly entered 2022 with almost 80 per cent of its suburbs showing increasing sales activity, despite the imposed lockdowns in the past two years.The most considerable price growth can be observed in suburbs situated in Melbourne’s north and west, as well...
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Melbourne house rents reached record highs despite the Victorian capital’s multiple COVID-19 lockdowns and closed borders, which kept international migrants out of the market.According to the newly-released Domain December 2021 Rental Report, house rents surged by 3.5 per cent over the Dece...
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The Australian Bureau of Statistics revealed new data showing the upsurge of construction activity from July to September last year despite the imposed lockdowns in the same quarter of that year in Sydney, Melbourne, and Canberra.The extremely high number of new constructions in the September qua...
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With the on and off lockdowns in Victoria, many buyers are now going off the plan due to a shortage of established listings in the state. This proves to be more advantageous for new housing estates and apartment towers. According to new realestate.com.au data, inquiries for new dwellings across ...
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Planning to invest in property? Buying your first investment property seems like an intimidating thing to do, but for many out there, regardless of their age, they have already taken that important first step and set themselves up for a brighter future.You’ll never get wrong on investing in...
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If you are renting a property, it will eventually come to a point where it ends. It can either be because the rental agreement term is nearing its expiration or, in some cases, the lease is terminated early because either the rental provider or the renter has chosen to break off the agreement. Ne...
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The vacancy rate of rental homes in Melbourne climbed in July despite lower vacancy trends in other parts of the country. According to the latest Domain report, 3.7 per cent of Melbourne rental properties are not occupied, a notch up from 3.6 per cent in June. Meanwhile in Sydney, the vacancy rat...
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For first-timers, hearing property finance terminologies can be very confusing. Even the most experienced buyers and sellers sometimes also get confused with jargons flying around the real estate world.If you want to increase your success rate before making a big real estate move, you must do you...
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Homes located in the inner suburbs, particularly in Carlton, Fitzroy, and St Kilda belong to the healthiest places to live in Melbourne. This factors in the aforementioned suburbs' walkability and them being within the 20-minute neighbourhood principle. Cycle paths, pedestrian walkways, parks, ne...
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While house cleaning seems to be an unattractive chore to most people, how your home looks is a reflection of the type of person you are. Hence, keeping your dwelling tidy should be a priority if you want to maintain not only a beautiful household but also a gleaming image. A home requires lots ...
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The National Australia Bank (NAB), one of Australia’s big four banks, predicted a massive 16.2 per cent increase for home prices in Melbourne in 2021, an estimate that has since doubled from just a couple of months ago. The market sentiment in the whole of Victoria, especially in the prope...
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Melbourne, one of the world’s most liveable cities, is now set to become the cheapest city to rent a property in Australia this year after its property market took a beating during the COVID-19 lockdowns, which resulted in a deep dive of rental demand.A new Domain.com report shows falling h...
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Home buyers including first timers got a surprise of their lives when property market prices soar to new heights despite the pandemic. The market boost was stimulated by government stimulus and very low interest rates. This resulted in buyers struggling to keep up to the rising prices. The incre...
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While there is a shortage of quality properties to be purchased in Melbourne, there is also an influx of vacant rental properties across the city’s inner suburbs and it has doubled since the start of the pandemic.The suburbs with the most empty rentals include Melbourne’s CBD, South Y...
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As Australia’s property market is rising to record levels, experts warn that a reopening of the international borders could further drive house prices high and overheat the entire market. Recent data from CoreLogic shows Aussie house prices increased by a huge 2.1 per cent in February 2021...
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New data show an increased interest in off-the-plan apartments as investors return to the property market despite the lingering COVID-19 pandemic. The basis for such data was the new home loan numbers acquired by the Australian Bureau of Statistics in December. It shows how loan commitments from ...
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Why should investors also invest in landlord’s insurance? Will you be able to save more if you avail one? It’s a question that has probably boggled every property investor’s mind especially those new to the game.YES! A landlord’s insurance is a must for all property invest...
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Properties inside a ring around Melbourne CBD have had prices soaring up to 16 per cent in five years. This might be the best gamble homebuyers could make in 2021.The data from PRD Real Estate’s inaugural Major Market Update for the first half of 2021 shows homes 10km-20km from the CB...
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The Melbourne property market has bounced back massively with prices soaring to set new record levels even surpassing pre-pandemic levels. Currently, the median house price sits at $936,073 with a 5.3 per cent increase in the last quarter of 2020, outperforming the previous record high of $907,6...
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A miraculous 2020 turned panicking home builders to profitable ones as the housing industry experiences a boom year.The new Australian housing industry recorded a prosperous year in 2020 with almost a third more sales than in 2019 despite how the pandemic plunged much of the country into economic...
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Lobby groups in Victoria predict that the latest state budget’s stamp duty and land tax cuts will cater billions of dollars and tens of thousands of jobs in the state’s home building sector. The tax break was designed to stimulate build-to-rent developments and boost the housing sect...
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Housing advocates have applauded the significant allocations that the Victorian Government has made to support people struggling to keep a roof over their head. The latest Victorian State Budget will provide 12,000 new homes within 4 years. Furthermore, it will fund Victorians experiencing hards...
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Stamp duty cost will be reduced by up to 50 per cent in Victoria as unveiled in the latest state budget. This is expected to provide enormous savings for homebuyers, which in return, will stimulate the property market until June 30 next year.The full 50 per cent discount will only be applicable t...
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Premier Daniel Andrews announced in his recent press conference that Melburnians can now inspect Regional Victoria properties from 11:59pm on November 8. This is great news for Melburnians who are eager to get away from the city for a while. The easing of coronavirus restrictions in Metropolitan...
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When you already feel at home the most in your current rented property, it can be heartbreaking to hear when your landlord decides to sell. What happens now? Should you scramble immediately to find your next home and deal with another nerve-racking application process? Changes are inevitable es...
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Melbourne home prices have survived the gloomy predictions and remained steady throughout the painstaking coronavirus lockdown, new research shows.The metro only saw a slight 1.7 per cent to $846,000 median dip in house prices in the September quarter, during which the real estate market was grou...
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Less than 24 hours after the easing of restrictions to allow private inspections, the local property market experienced a surge in home inspection bookings. Agents were taking calls from buyers and vendors as early as Sunday afternoon after the Premier made the announcement. Private inspections ...
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Victoria Premier Daniel Andrews announced the easing of some strict COVID-19 restrictions in Melbourne including real estate private inspections ahead of schedule. Property buyers and renters will now be able to inspect homes one-on-one, provided COVID-19 safety protocols are followed starting 11...
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With the end of mortgage holidays coming for some homeowners, banks had also declared tighter eligibility conditions for borrowers seeking deferral extensions at the end of September. Although banks are keeping their promise to extend repayment deferrals for those still experiencing financial har...
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Homeowners who own an Aussie property can heave a sigh of relief as low interest rates are here to stay for at least three years according to the Reserve Bank of Australia.According to Prime Minister Scott Morrison, the number one economic issue the country will be facing in the next two years wi...
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As per the government mandate, Melbourne residents must stay within a five-kilometre radius of their home and are only allowed to leave their homes for four reasons.Being stuck within a 5km radius could reveal a lot in terms of how well located your property is. This could also affect how you are...
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With Victoria as the latest COVID-19 hotspot, the moratorium on evictions and rent hikes for those experiencing hard times due to the pandemic has been extended until December 31. The ban on evictions would continue to take effect for both residential and commercial tenants with exceptions only &...
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Australian homeowners are well aware of the fact that the more rooms you have in your house, the more your property will increase in value. The question is, by how much value does one bedroom add exactly? This information is crucial to know if you are planning to sell your house in the future an...
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Interest in Australian properties from Hong Kong citizens spiked amid the political unrest as China strengthened its hold on the former British territory. Some of Hong Kong’s wealthy are now increasingly considering moving to Australia and call it their new home. With the Morrison Governme...
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An oversupply of rental listings has put tenants in the advantage as they are poised to negotiate lower rents in Melbourne’s inner suburbs. However, this development in suburbs like Carlton, Docklands and Southbank has initially been driven by the tenant’s loss of income during the c...
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A more aggressive initiative to entice foreign investments and international students should be the major focus of State and Federal governments as the nation recovers from COVID-19 restrictions, says a leading Melbourne property developer. According to Tim Gurner, new Australian Bureau of Stati...
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The HomeBuilder scheme, a new government initiative to help stimulate the property market, is predicted to cause a construction boom in Melbourne’s outer suburbs. Since its announcement, thousands of buyers have expressed their interest in taking advantage of the government’s new hous...
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A big percentage of home loans during the coronavirus pandemic are now being done with the country’s big four banks. This is a clear indicator how borrowers are now preferring the big banks amidst the COVID-19 crisis. According to home loan platform Lendi, 38 per cent of its customers chos...
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With many of us stuck and working at home due to the coronavirus outbreak, we might have given a lot of attention to the look and feel of our home office lately. Interior design trends may come and go, but your goal right now is to create a space that suits your needs while meeting your design a...
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The coronavirus outbreak has forced people into isolation. As such, we have only seen a handful of cars on the roads and more people walking in their own neighbourhoods to avail the essentials. Some go to work in the industries categorised as essential, but very few are catching public transport ...
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Buyers should rush into the property market right now to bag a bargain as it recovers from COVID-19. This might be their last chance to own a property before the economy opens and booms again. Experts are ruling out doomsday predictions of house prices falling by up to 30 per cent, saying it&rsq...
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The Victorian Government announced a $500 million rental relief package during the coronavirus pandemic as support for the negotiations between struggling landlords and tenants. The unveiling of the support package, which has been greatly welcomed by the real estate industry, means both sides can...
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With people being mandated to stay at home to avoid the spread of the coronavirus these days, there’s less to zero chance that COVID-19 will infect the people in your household. However, there are just some trips you can’t avoid, like leaving your home to buy the groceries. Going to ...
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Property experts predict the fast recovery of the Melbourne property market once COVID-19 restrictions are lifted. The prediction stems from the fact that vendors arealready lining up their listings once everything goes back to normal. The ones tipped to bounce back the fastest are popular famil...
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New laws are set to come into effect to help protect tenants in residential properties from eviction, other than in exceptional circumstances, and allow for the rent to be reduced if they are suffering financial hardship. The laws are expected to be passed by the Victorian Parliament shortly. Th...
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Real estate auctions and open house inspections temporarily grinded to a halt as the national cabinet imposed a tougher new crackdown to fight the spread of the coronavirus. Prime Minister Scott Morrison laid out a list of large social gatherings that will be banned in an effort to minimise the ...
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Landlords are now banned from evicting tenants as Prime Minister Scott Morrison announced a six-month moratorium on evictions amid the COVID-19 economic crunch. Australian governments will implement this moratorium to protect tenants for both residential and commercial tenancy from eviction as a...
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Big banks such as the National Australia Bank, Westpac, and ANZ announced this month that homeowners could suspend their mortgage repayments for up to six months, pending a three-month review, as part of new support packages for homeowners and businesses. Economists have lauded this plan by the ...
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First-home buyers in Melbourne should be looking at grabbing a property in the western suburbs, new data reveals. Compared to the same time last year, first-home buyer activity has spiked on realestate.com.au with inquiries up 21 per cent across the city. This jump in first-home buyer interest ...
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From Monday, 2 March 2020, new laws mean it will be easier for renters to have a pet. Renters can keep pets at a rental property, with the written permission of the rental provider (landlord). Rental providers can only refuse permission with approval from the Victorian Civil and Administrat...
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Property listings are starting to grow as Melbourne homeowners become more inclined to put their properties up for sale again after a rocky year that saw prices drop. As the market rebounds, vendors have also started returning to it as seen by a growing number of new listings. Nevertheless, expe...
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New migrants flocking to capital cities and major regional centres are helping to boost house prices by as much as $6,500 a year, a new study has revealed. In places where a new migrant population increased by 1 per cent each year, house prices also jumped by 0.39 per cent, according to the stud...
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Tenants are in a good position in Melbourne’s current rental market as house and apartment rents hold steady in the final quarter of 2019, new Domain data shows. For houses, asking rents stayed steady at $430 per week, with apartments also keeping steady at $420 per week. Moreover, house ...
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With the current property market boom, house prices in some of Melbourne’s once affordable and liveable suburbs have soared by tens of thousands of dollars in just three months, new Domain data shows. Frankston has taken over Dandenong’s place as the most affordable and liveable subu...
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Melbourne’s property market is expected to have a great run in 2020. Along with the Australian property market, it’s predicted to keep on rising this year, with Sydney and Melbourne taking the lead. Confidence has returned to the market faster than expected after talks about removing...
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A new data has been released showing Melbourne suburbs where renters don’t have to fight tooth and nail for a place to live amidst the rising costs of renting in the city. The inner-city suburbs of Southbank and Carlton ranked top as having the most vacancies and mostly modestly priced ren...
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With the Reserve Bank’s cash rate to remain at an all-time low of 0.75 per cent, homeowners who are still tied up on a mortgage can take advantage of this time to strategically pay them in bulk. The most recent rate slash could also mean that borrowers will have more borrowing power. So if...
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Melbourne’s house prices are rising the fastest and there’s no signs of it slowing down, with a record of 2.3 per cent increase in housing values over the month of October – its biggest rate since 2009. This is followed by Sydney with an increase of 1.7 per cent. CoreLogic&rsqu...
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For first time home buyers, navigating the home loan landscape is no walk in the park. The primary reason being that the mortgage you get has to reflect your personal circumstances and financial objectives. But do you have to choose one from the big four, or is it better to opt for small lenders...
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The median asking price for Melbourne rentals looks close to a peak but remained steady over the September quarter, according to Domain’s latest Rental Report. The city’s unit rents saw an increase of $10 a week this quarter compared to this time last year, with a median price of $42...
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In 2017, investors began to run for the hills when the property markets in Sydney and Melbourne began to look unsteady. Now, they’re getting their mojo back almost two years after the last price boom in Australia, ready to pounce back at the market they once feared. This is due to the out...
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Borrowers are now avoiding the big four banks in 2019 to switch over to small lenders that offer more competitive rates, according to new data from an online mortgage broker. The number of borrowers choosing to transact with the big banks has declined in the past six months. Only 24 per cent of...
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If you’ve been wanting to lease your property, you might have wondered about the kind of rental agreement you need to set up before doing so. Whether you choose a fixed term or periodic tenancy, the reason will mostly depend on the plans you want for the investment property. If you want mo...
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Ranked as the number one destination to buy property for Chinese buyers, Australia continues to receive a surge of buyer interests from China amidst the country’s housing market affordability. Of the 1.2 million Chinese tourists visiting Australia every year, 27% of mainland Chinese are lo...
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Will increasing the population of our capital cities through migration be the solution to Australia’s congestion problem? A leading urban planner thinks so. According to a recent infrastructure Australia report, the country’s four largest cities – Sydney, Melbourne, Brisbane a...
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Buying off the plan means you’re signing a contract to purchase a property that hasn’t existed yet. It sounds nerve-racking and kind of risky, but it could also mean owning the home that you’ve been dreaming of. The concerns when it comes to off the plan deals are understandabl...
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Hong Kong’s anti-government protests have fueled up buyer interest in Australia and New Zealand properties among its cashed-up residents according to property agents and local migration agents. Wealthy investors are looking for a safe haven and are hoping to secure Australian residency thr...
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A more sustainable way of improving Melbourne’s public transport is on its tracks with the proposed construction of the $10-billion rail link between Victoria’s capital city and its busy international airport. This proposed project, which was announced by Prime Minister Scott Morriso...
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Housing affordability is now the focus of Morrison’s government, according to federal Housing Minister Michael Sukkar. The government is taking initiatives to making the Australian dream of owning a house an easier one to reach. These combined initiatives consist of the first-home buyer su...
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At times, the relationship between tenants and property managers can be a tricky one. From spats over leaky faucets to fiery conflicts over pest infestation, this duo isn’t always rainbows and unicorns. Knowing who’s responsible for what can help the tenant-property manager relations...
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It is now cheaper to buy rather than rent in Melbourne’s popular inner suburbs, an ANZ report has revealed. An analysis by ANZ and property data firm CoreLogic shows that homeowners in Melbourne would spend less of their income on mortgage repayments than they would renting in the city. T...
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The current property market is set to strengthen with the recent Reserve Bank’s interest rate cut. However, within an hour of the decision, ANZ refused to pass on the full rate cut to borrowers, instead they reduce rates by only 18 basis points and admitting some customers would be disappo...
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Owning your dream home is now within your reach now that developers in Victoria are finally banned from using the infamous sunset clause. A buyer’s consent is now needed in order for developers to cancel a contract of sale. The ban would mean the end of the practice developers use to intent...
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Melbourne, being one of the most liveable cities in the world, is a thriving city with a skyrocketing population. The effects of these developments are mostly felt on the daily commune of Melburnians, who are very much familiar with the city’s tram delays and peak-hour traffic. These inconv...
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Apartment oversupply would be a thing of the past. Melbourne is now facing a booming population and a slowdown in the number of approved new residential buildings; thus, making the city’s premium apartment market back in demand. Reports of undersupply in larger apartments have surfaced as ...
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Melbourne’s west could transform into a $30 billion Silicon Valley-style technology hub, which would see 80,000 new jobs being created and could ease off the pressure from the CBD and inner city. The most awaited site, dubbed as the Australia’s first smart, sustainable city, will be ...
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The Coalition’s latest victory at the recently concluded federal polls could mean a shorter, shallower property price downturn in the coming months. However, the long-term prospects for first-home buyers are still open to question, with a reform to investor tax concessions taken off the ta...
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According to a recent migration data released by the ABS, as of June 2018, an estimated 17,650,130 residents of Australia were born within the country. Although this could be seen as a high number, data also indicates that 29.4 per cent of residents were born overseas. This is the highest percent...
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Step aside Sydney! Melbourne is now the preferred destination for Australian-based commercial property capital, according to a recent survey of investors’ intentions in the local market conducted by the the CBRE. The survey shows the possibility that commercial property transactions will r...
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Apartments and houses in highly walkable neighbourhoods in Melbourne are more likely to retain their value than those in less pedestrian-friendly areas, a new report has found. This can be seen during a rising market and also during the current downturn, a paper from Melbourne buyers’ advo...
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A staggering 31 per cent of Australian development sites worth $1.3 billion were purchased by Chinese developers in 2018, according to Knight Frank’s latest report entitled Chinese Developers in Australia – Market Insight 2019. Forty one per cent of these purchases by Chinese de...
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Prime Minister Scott Morrison formally locked in his government’s backing for Melbourne’s much anticipated $13 billion airport rail link. The signing of the agreement between the Victorian and federal governments cemented the commencement date for the work on the project. This ...
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Planning to move out of the family home and rent your own space? If this is your first time renting, we’ve got you covered with the deets! You might find hunting for the right rental a fun experience, but once you stumble upon that property you’ve been searching for, things would li...
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Despite the declining property prices in Sydney and Melbourne, Reserve Bank governor, Philip Lowe assures the public that they are not all bad news for the economy. There are some experts who think that way, too. “It will put our housing markets on more sustainable footings and allow more ...
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It’s a fact. Breaking a lease will cost you money. How much it would cost you depends on several factors, but there are ways to minimise the expenses if it’s imperative that you leave a rental property before your lease is up. CAN YOU REALLY BREAK YOUR LEASE EARLY? It’s...
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Melbourne has been tipped to remain Australia’s no.1 city for Chinese property buyers in 2019 according to a report published by leading international property website Juwai.com. Foreign buyers have expressed their desire to avail a bargain while the property market is soft. This and the f...
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Melbourne has outshined Sydney as one of the best cities in the world for tech firms, according to a Savills UK Tech Cities in Motion report. Despite Google and Facebook setting up their Australian headquarters in Sydney, the NSW capital didn’t even make it to the top 30 global rankings. V...
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When seeking the ideal partner, almost all of us have a checklist to look into. The same can be said about lenders when they decide to whom they should give the loan to. And they are tough when it comes to first-time home buyers. The list might vary between lenders, but there are five big thing...
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Suburbs nestled around Melbourne Airport and on the city’s fringe are among the housing markets expected to be the hottest this year. Melbourne, being the state capital, still remains a buyer’s market in 2019. However, experts agree that sellers in suburbs where prices have lowered l...
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More Melbourne residents are heading skywards into apartments and leaving behind the traditional Australian dream of owning a block with a house and a backyard. It’s not only Melbourne who finds apartment living attractive. The Australian Bureau of Statistics’ Census of Populati...
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End-of-lease cleaning shouldn’t be a nightmare to those looking to move out. You can avoid the enormous clouds of dust and horrific patches of mold if you simply do a little bit of cleaning every day. Not only that, but your chances of getting that bond back is actually big. ...
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Despite modest price falls, homebuyers are set to have a good crack at the Melbourne property market in 2019. Experts forecast that the city’s booming population will offset the price declines with the current population upsurge and more new residents looking for family homes. The soft cl...
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Expect more skyscrapers towering over the Melbourne CBD as planning minister Richard Wayne is looking to ease up the tight building restrictions he had introduced in November 2016, which held back the city’s growth and development for the past two years. Since he brought in the planning ru...
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When renting a property, it’s common knowledge that landlords and tenants share responsibility for maintaining a rental property. But who’s really responsible for what? LANDLORD RESPONSIBILITIES Landlords must ensure that a property is in its good state of repair before the tenant...
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Experts agree that the success of an investment property lies on three simple things: rental yield, capital growth and demand. Get these three things right and you are sure to reap huge benefits from your investment property. So how do you assess if a property is a wise investment? We will loo...
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One will know if they are close to Melbourne once they catch a sight of the city’s skyline, towering over the low-lying suburbs and sticking out like a beacon. However, the Melbourne city skyline that we know today will not be the only one in 30 years. There will be other CBDs sprouting, w...
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With the Victorian State Election having come to pass, we wonder if the pledges and promises made from the major and minor parties will come into fruition in the following months and years. It’s a tough battle for Victorians’ votes, with the candidates putting the planning, property ...
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Is the property market in Melbourne becoming buyer-friendly? A lot of Melbourne property markets have gone ripe for the picking as they have slipped over the past year. Most real estate experts concur now could be the best time to buy into the Melbourne market since it exploded back in 2012 as ...
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It would be quite a nasty shock to receive quotes from your builder that are double the budget you have in mind. This comes as no surprise for architect Amelia Lee, who is the founder of website Undercover Architect, an online resource for renovators and those planning to build a new home. &ldq...
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When building a new house, making bad assumptions can cost you dearly. It’s imperative that as a buyer, you have a clear idea of what is and what isn’t included in the building cost to avoid nasty surprises. Buyers are urged to ask questions, even if the buyers think they are silly ...
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Househunters are advised to take advantage of Melbourne’s cool market conditions this spring. This year’s spring selling season could be the best opportunity for buyers to break into the market in years, with suburbs becoming affordable such as Doreen, Sunbury and Roxbourgh Park. Re...
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KUALA LUMPUR — Melbourne-based real estate agency NDL REALTY combined the knowledge and expertise of three presenters from Melbourne to deliver a successful property investment seminar in Eastin Hotel, Kuala Lumpur last September 22–23, 2018. The two-day seminar was designe...
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With the new Mernda line completed, real estate in Mernda can go through the roof. Experts say promises of new rail lines can send property prices to skyrocket. This month, first passengers have boarded at the new $600 million Mernda Station, one of the three new rail stations being constructed ...
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Don’t just take the glossy marketing brochures and presentations that showcase new developments at face value. It’s also imperative to know what you actually need to have in your new apartment before sealing a deal in an off-the-plan purchase. FOR OWNER-OCCUPIER VS INVESTOR ...
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Some of us only dream of owning a home in Australia. These days, it seems that it’s nearly impossible to afford one given the current condition of the market. But did you know, that no matter where you are in the country, it is still possible to own the house of your dreams? Yes, it isn&rs...
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The Gen Y population are expected to boost city apartment markets as they make the transition to fully embrace the inner-city lifestyle for the next ten years, according to a recent report. There will be an increased demand for high-quality units based from the forecast lifestyle of Millennials ...
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A new demographic has emerged consisting of loaded baby boomers who have been swapping their large suburban homes for apartments in the city. This demographic aren’t ready to retire quietly yet, and would rather spend the rest of their lives near public transport, cafes, and restaurants. We...
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Time flies so fast that it is the 2017/2018 End of Financial Year once again. Taxes and finances needs to now be prepared and submitted. If you have not done this yet, take this time to have all the important documents ready. As an investment property owner in Australia, Australia Taxation Offic...
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It’s no secret that there are three golden rules to scoring the best property: location, location, location. The position of the property is one of the most important factors to consider when choosing a property. While the said factor is extremely important, particularly from an investor&r...
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West rhymes with best. It holds true in Melbourne’s western fringe right at the heart of the property boom. Melbourne, being Victoria’s capital, is bound to turn into the most populated city in Australia by the 2030s. There’s also the growing pressure on the state’s bloat...
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A rent increase is one news no tenant is giddy to hear about. Forking out more cash on a rental can happen in the near future. However, with some planning and a realistic view of your finances, you can definitely survive a rent hike. A wise start to embrace the inevitable is to plan for potenti...
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If you’ve been wanting to climb the property market ladder in Melbourne, now is the perfect time to get a foot of a few spots in the leafy east and in the inner west areas. New auction data reveals several suburbs becoming hot spots for entry-level buyers, which is a subsequent result of w...
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Victoria toppled other states as it ranked the nation’s top performing property market. According to the latest PRD Nationwide Key Market Indicators report, Victoria emerged as the nation’s best performing state or territory from the highest number of first-home buyer loans, 98...
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If you’ve been updating yourself about the real estate market lately, you are probably aware that vacant land is becoming much more difficult to find. Although this is the case, a house and land package remains a desirable and affordable option for buyers looking to step a foot into t...
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For the past seven years, Melbourne has basked in the glory of being hailed as the world’s most liveable city. It’s a melting pot of culture, sport, dining, innovative thinking, and fresh ideas. Victoria’s capital has a lot of hidden charms waiting to be discovered for those adv...
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It seems the Turnbull government heard Victoria’s prolonged complaints about its road congestion as the state is gifted a hefty portion of the federal budget to spend on new roads and rail projects. A $7.8 billion share of the federal infrastructure funding for Victoria includes $5 billion...
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Are you still house hunting? Great news, house affordability is expected to improve in Melbourne this year. According to Moody’s Investors Service’s forecast, the city’s moderate house price growth will continue throughout 2018; thus, to result in better affordable homes. The ...
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Australian house prices are expected to modestly increase higher this year and will double in 2019, as predicted by ANZ economists, who share right away that price falls are no longer an issue. House prices in Australia gained 0.8 per cent increase compared to the prices 12 months ago. However, ...
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About 30% of all Aussies now live in a rental. Since 1991, the rental population in Australia has swollen up from 26.9% to 30.9% and home ownership has gone down from 68.6% to 65.5%. Almost as many Australians now rent as own their property outright. So why do many people now prefer renting tha...
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It pays to be informed when it comes to purchasing an investment property. Most mistakes made in property investment are committed by beginner investors, who haven’t had the experience to avoid them and haven’t done their due diligence when it comes to researching about their investme...
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Want a way to maximise your rental income and expect a huge pay off? Then, a renovation on your rental property is the best way to go. It might cost you a bit much, but renovating your rental can potentially yield a healthy ROI. In essence, a successful rental property must be clean, functional...
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Tech giants are now pressured to get a piece of Melbourne’s $30 billion super city plan that will create 100, 000 jobs in the booming west. The super city that has now been called the Australian Education City, is Australia’s version of Silicon Valley. A consortium would buy and deve...
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International househunters are favouring South Yarra, St Kilda, and Richmond as Victoria’s top suburbs to live in due to the quality of lifestyle they offer. Recent analysis shows how the said southeastern postcodes are becoming popular searches in the state from foreign buyers on the real...
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Should you choose a fixed, variable, or split loan? It’s the most frequently asked question every person with a mortgage has to ponder upon. The three types of loans have pros and cons. While we can’t predict the direction of interest rates, we can make an informed decision over whic...
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Wouldn’t it be a life-changer if you live in a clutter-free home? Somewhere free of fuss and mess, and forgotten corners are free of dusts. Decluttering might seem like an overwhelming task, but it doesn’t have to be. In fact, it can free you from stress and create extra space in your...
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It’s that time of the year again when we wonder what interior design trends will glamour up our dwellings. 2018 will bring big changes in terms of new style trends to enjoy. There will be old aesthetics coming back and entirely fresh looks taking shape. These interior style predictions sha...
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The Reserve Bank of Australia doesn’t seem like it’s in a rush as its Board left interest rates steady at record low 1.5 per cent at the conclusion of its February monetary policy meeting. The decision was widely anticipated by financial markets. “The low level of intere...
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First-home buyers are predicted to charge in full force into the property market this year as State Government made favourable changes on stamp duty, making housing more affordable. The second half of last year saw more than double the amount of first-home buyers capitalising on stamp duty break...
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Starting 1 January 2018, homes that are left unoccupied for more than six months of the previous calendar year, are subjected to be taxed under the Victorian Government vacant residential land tax (VRPT) Last year, the Victorian Government introduced the vacant residential land tax (VRPT). This ...
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Cryptocurrencies like Bitcoin and Ethereum are taking over the housing market. It’s slowly even making its way into the Australian property market. Last year, a family house in Melbourne’s outer east has been put up for sale and its seller is willing to accept Bitcoin as payment. A ...
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Given Melbourne’s widespread price surge in recent years, buyers are left scrambling to find affordable homes elsewhere that won’t leave a hole in their pockets. Fortunately, the city’s north and west still remain the best options when it comes to affordability. REIV pre...
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How will the housing market fare in 2018? It’s the hottest question on the lips of Australia’s property players, prospective buyers, and homeowners. Here are five property market trends that will manifest themselves in the coming months: Mortgage rates are expected to rise...
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