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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...
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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 ...
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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&rsquo...
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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 Feb...
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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. <p...
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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-2...
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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 co...
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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...
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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 countr...
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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 ...
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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 experien...
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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 ho...
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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 ...
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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 Me...
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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 in...
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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 follo...
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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 experiencin...
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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 co...
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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 ex...
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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 ne...
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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 Morriso...
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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 du...
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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 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 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 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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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