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Melbourne region

Your guide to buying the perfect investment property: Young investor, 28, who bought her first block of land when she was 21 reveals why it's ALWAYS better to build rather than buy a home

Your guide to buying the perfect investment property: Young investor, 28, who bought her first block of land when she was 21 reveals why it's ALWAYS better to build rather than buy a home

Alex Fitzgerald purchased her first investment property when she was 21 and is inspiring other young people to get into the market. Alex Fitzgerald bought her first house and land package at the age of 21. The 28-year-old purchased her fourth investment property in Sep...

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Sydney and Melbourne property prices slow after record-breaking boom

Sydney and Melbourne property prices slow after record-breaking boom

Buying a house in Sydney and Melbourne is now tens of thousands of dollars more expensive than it was just a month ago but there are signs the strongest property boom in decades is slowing. Property prices increased 1.8 per cent nationally in April with every capital city and region re...

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Unit prices fall in many city suburbs amid house-led real estate boom

Unit prices fall in many city suburbs amid house-led real estate boom

Ian Kingsford-Smith and Berni Joseph in front of their new apartment, near Parramatta in western Sydney. Despite house prices rising at their fastest pace in 32 years, apartments in Australia's most oversupplied cities aren't getting as much love from buyers. In some areas, uni...

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House prices record sharpest increase since 2003, CoreLogic says

House prices record sharpest increase since 2003, CoreLogic says

CoreLogic says housing stock on the market for sale is extremely low, while buyer activity is high. Australian house prices have posted their sharpest monthly increase since August 2003, with analysts at CoreLogic saying the market is now entrenched in one of its strongest growth phase...

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ASX gains as JB Hi-Fi profits surge; Commonwealth Bank forecasts house price boom

ASX gains as JB Hi-Fi profits surge; Commonwealth Bank forecasts house price boom

Commonwealth Bank economists expect national dwelling prices to increase 8 per cent in 2021. Economists at Australia's biggest bank think the housing market is "on the cusp of a boom", as record low mortgage rates collide with the recovery in the jobs market. Key Points : ...

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First home buyers to slow down; investors to return in 2021

After the domination of first home buyers in the 2020 property market, investors are expected to make their market comeback this year. Following the introduction of the federal government's First Home Loan Deposit Scheme, the pandemic further accelerated first home buyer activity acros...

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Australia's housing prices are predicted to rise by more than $160,000

Australia's housing prices are predicted to rise by more than $160,000

Australian house prices are expected to skyrocket by 16 per cent over the next two years, rising by as much as $160,000 in some capital cities. Commonwealth Bank's head of economics Gareth Aird predicted house prices will rise by 9 per cent in 2021 and 7 per cent in 2022 in an economic...

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Rents in Australia are rising again, with tenants in some cities paying up to 12% more this year

Rents in Australia are rising again, with tenants in some cities paying up to 12% more this year

Perth's rental market is becoming increasingly expensive as low vacancy rates bite. Australia's rental markets are becoming increasingly expensive again, as vacancy rates fall across the country. Perth tenants are now paying 12% more than they were 12 months ago, while Darwin h...

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The house always wins: why house sales vastly outstripped unit sales over the year

The house always wins: why house sales vastly outstripped unit sales over the year

In the year to January, CoreLogic estimates that there were 459,308 properties transacted across Australia. Most of these sales were houses, rather than units. It is not unusual for house sales to make up the majority of transactions, with houses making up an average 70.2% of annual sa...

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HomeBuilder Take Up Doubles Expectations

HomeBuilder Take Up Doubles Expectations

The HomeBuilder grant scheme is twice as popular as anticipated and is set to cost the government an expected $2 billion. The original estimate for the scheme was $680 million for 27,000 grants when the prime minister first announced the initiative in June. The latest figures r...

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House prices rise with regional market outperforming capital cities, CoreLogic data shows

House prices rise with regional market outperforming capital cities, CoreLogic data shows

House prices in regional Australia have risen at a higher annual rate than in capital cities for the first time in more than 15 years, as COVID-19 increases people's desire to live outside the big smoke. Annual data by real estate analysts CoreLogic shows dwelling values in capital cit...

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Housing markets predicted to have a bumper year

After a crazy year, record-low borrowing costs and government efforts to stimulate the economy have set Australian housing prices up for further growth in 2021 - after every city bar Melbourne closed the year in positive territory, having already made up their losses triggered by the pandemic....

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Why now might be the time to invest in the property market

Why now might be the time to invest in the property market

A shortage of rental accommodation, multiple applications per property and rising rents are proof that Australia's rental market is undersupplied, with predictions the country could soon see the "biggest rent increases in living memory". Propertyology head of research Simon Pressley sa...

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What happened to the property price crash that was predicted but never came?

What happened to the property price crash that was predicted but never came?

At the height of the pandemic, major banking economists sounded the alarm. They warned the coronavirus-induced recession could shave hundreds of thousands of dollars off the value of Sydney and Melbourne homes. But as the worst of the national COVID-19 restrictions passed, property pri...

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How the Australian property market avoided a crash in 2020

Australia headed to its first recession in over 28 years, but no drastic decline was seen in the housing market. Here's how the property market managed to handle the downturn. 2020 has seen devastation across a number of sectors, with wages down by 4.3 per cent and payroll jobs decreas...

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Canberra now Australia’s second most expensive property market

Canberra is now Australia's second most expensive property market, overtaking Melbourne. New data from property research firm CoreLogic shows Canberra now carries a median value of $672,866, overtaking Melbourne which sits at a close $672,172. Sydney remains the most expensive ...

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Stiffer market competition on the horizon as investors slowly creep back

Stiffer market competition on the horizon as investors slowly creep back

With first-home buyers and upgraders dominating the market, the quiet pick up in investor activity is going largely unnoticed. The most recent home lending data from the Australian Bureau of Statistics (ABS) found that in September 2020 there was $5.3 billion in new lending to investor...

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House prices predicted to soar after RBA’s historic cut

House prices predicted to soar after RBA’s historic cut

The Reserve Bank's cash rate cut to 0.1 per cent will have ripple effects for Australia's property prices, as well as mortgages and personal savings, all which move according to the national interest rate. Historically, when interest rates have been slashed, house prices tend to push u...

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Even in the midst of a recession the Australian housing market continues along its merry way

Even in the midst of a recession the Australian housing market continues along its merry way

The main reason for this is the incredibly cheap mortgage rates currently available font-family: arial, helvetica, sans-serif; font-si...

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Melbourne house prices drop 3.5 per cent to median $881,000 in June quarter amid COVID-19 crisis, the sharpest fall in Australia

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Rampant growth in Sydney, Melbourne runs out of steam

After staging stronger-than-expected price rises in the past three months, the rate of growth in Sydney and Melbourne markets eased as the year ended, with the amount of listings and the dint in affordability deterring price-sensitive buyers. In the lead up to CoreLogic's Home Value In...

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Growing concerns as markets set to surge in 2020

Home values in Australia's biggest cities are on course to record up to 14 per cent growth in 2020 as low mortgage rates and easier lending standards unleash buyer demand. But analysts warn worsening housing affor...

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Sydney and Melbourne house prices could return to peak levels sooner rather than later

Melbourne and Sydney house prices could return to peak levels over the next three years, economists are predicting. With a quicker-than-expected turnaround since the market slump between 2017 and 2019 in both capitals, pressure is now increasing on those looking to g...

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House values jump 1.9 per cent in a month in Sydney and Melbourne

House values in Sydney and Melbourne jumped by 1.9 per cent in September as other capital city property markets struggled to gain traction on the back of the Reserve Bank's cuts in official interest rates. <...

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Frasers Property Buys 43-Hectare Land Parcel in Melbourne

Frasers Property has purchased a 43-hectare land parcel from a private syndicate in Melbourne&rsquo;s west for $27.5 million. Frasers Property has purchased a 43-...

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Residents Complain of ‘Cracking’ in Melbourne’s Tallest Tower

Residents of Melbourne's partially completed super-skyscraper Australia 108 have expressed concerns over the structural integrity of the building, claiming to have experienced loud cracking sounds among a number of other defects. https://i.postimg.cc/C...

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Melbourne property downturn over: Median house prices rise for first time in 18 months

Melbourne&rsquo;s biggest property downturn since the 1980s appears to be at an end, with the latest figures showing a rise in both house and unit prices for the first time in 18 months. first-para...

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Modest recovery’ forecast for Melbourne market in 2020

There&rsquo;s a light at the end of the tunnel in Melbourne&rsquo;s property market, which has shown positive signs in recent weeks as it shivers through wintry conditions. post-c...

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Melbourne Lot Sales Slump, Prices ‘Overvalued’

Developer value-add incentives like rebates and low deposit terms have had little effect on Melbourne&rsquo;s land market, with lot sales for the March quarter down 59.5 per cent from 2018. https://i.postimg.cc/1zfpJF3q/85a8c797-0b1c-4890-8075-cae0b745...

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Rental Conditions Favour Tenants in These Capitals..

It's now more expensive to rent a house in Hobart than Melbourne, with rents rising in the Tasmanian capital 7.1 per cent over the quarter. ory-cell ory-cell...

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Melbourne Suburban Rail Loop Moves Ahead

Initial site investigations for Melbourne's $50 billion Suburban Rail Loop will start in the second half of 2019 with specific station locations for the underground network yet to be finalised. https://i.postimg.cc/MT86XgRZ/245b1665-94d4-44f9-8e44-eaf0...

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Regional Australia is big winner in the Federal Budget

There was very little directly related to housing in this year&rsquo;s Federal Budget, however regional Australia is the clear winner. There was very little directly related to housing in this yea...

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Australia’s Population Becoming More Diverse

Migration data which was recently released by the ABS showed that as of June 2018, an estimated 17,650,130 residents of Australia were born in Australia. post-content single-post-p...

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Geelong Has Once Again Achieved Australia’s Highest Regional Results

Dwelling sales were down in four of the five Queensland regions over the year to November 2018 with the Wide Bay region the only location to see an increase in home ...

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Rents Across Australia Rise Over The First Quarter Of 2019

The first CoreLogic Quarterly Rental Review for 2019, which tracks median rents and rental yields across Australia, shows that national weekly rents have risen by ...

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Dahua strikes $140m deal to buy Point Cook site from land bankers

Dahua has bought one of the last large parcels of land in Point Cook. &nbsp; Related Posts ...

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Sydney house prices to fall 5.1 pc, but surge on Central Coast: Moody's

Sydney house prices will fall 5.1 per cent this year, and then tread water in 2019 with only a 0.6 per cent gain, according to forecasts by Moody&rsquo;s Analytics and Corelogic. However,&nbsp;the correction in NSW&nbsp;won&rsquo;t be uniform with more affordable areas like the Central...

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$50b underground train network for Melbourne’s suburbs announced by Premier

MASSIVE $50bn pledge to connect all of Melbourne&rsquo;s rail lines with an underground loop hasn&rsquo;t been inspected by Victoria&rsquo;s ind...

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Victorian Government Pledges $5 Billion for Airport Rail Link

Construction of the long-awaited Melbourne airport rail link could start within four years after the Victorian Labor government promised to match a $5 billion funding&nbsp;pledge commitment from the federal government. Victorian Premie...

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Developer Backs Innovative Build-to-Rent-to-Buy Model

Impeded by an uninviting property tax landscape, the build-to-rent sector has been stagnant in Australia despite the increasing viability of the model as home ownership rates continue to plunge. More than 40 per cent of Australians now rent by choice and the proportion...

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Melbourne Airport Inks Deal for $100m Medical Marijuana Facility

Melbourne airport will soon be home to Australia&rsquo;s largest st...

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Melbourne Apartment Market Looking Up

Melbourne&rsquo;s apartment market&nbsp;has not been immune to commentary about oversupply, however a new report suggests that current supply is balancing out demand in the inner-city apartment market with median prices growing steadily in the past six months....

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