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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. <span ...
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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...
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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. font-weigh...
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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...
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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...
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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 t...
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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 ...
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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 la...
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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...
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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 te...
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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. <p s...
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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 2...
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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 t...
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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 ye...
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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 refu...
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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 o...
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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, wit...
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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 re...
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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 ...
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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 ra...
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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 ...
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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...
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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...
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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 ch...
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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...
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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 to...
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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 infras...
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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 lookin...
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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 p...
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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 ...
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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 b...
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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 p...
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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 i...
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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 ...
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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, dub...
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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...
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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. text-align: jus...
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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 surve...
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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 du...
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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 overs...
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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 ...
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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 governmen...
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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....
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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 NS...
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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 ...
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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 u...
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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. ...
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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. Howeve...
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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...
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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 Victoria...
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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 no...
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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...
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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 investmen...
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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 ...
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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 M...
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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...
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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 trans...
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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...
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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 stat...
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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...
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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 continu...
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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 waitin...
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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...
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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 be...
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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 Australi...
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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 l...
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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. text-align: justi...
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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 sti...
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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...
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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 ...
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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 ...
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