Property prices fluctuate due to various factors, such as the state of the local economy, employment opportunities and housing supply and demand. For this reason, people planning to buy a house need to keep track of market conditions to determine the current prices in their preferred locations. In Melbourne, house price growth was earlier predicted to be modest this year with a 3 percent to 5 …
Suburb Trends for Glenroy, Victoria
The suburb of Glenroy is located just 13 kilometers north of the Central Business District. It has a population of 19,664 and belongs to the local government area of the City of Moreland. In recent years, an increase in medium-density developments was noted in the area due to demand from first home buyers and young couples, the presence of residential amenities and its proximity to the CBD. …
Continue Reading about Suburb Trends for Glenroy, Victoria →
Suburb Trends for Pascoe Vale South, Victoria
Pascoe Vale is close to the Central Business District being only 9 kilometers away. It is part of the City of Moreland local government area with a population of 9,553 as of 2011. It was part of the original estate of John Pascoe Fawkner. The suburb is known as a family residential area with house ownership at 54 percent. It is also less culturally diverse compared to other suburbs in …
Continue Reading about Suburb Trends for Pascoe Vale South, Victoria →
Suburb Trends for Hadfield, Victoria
The suburb of Hadfield is situated 13 kilometers north of the CBD and is part of the City of Moreland local government area. This small community has a population of 5,366 as of 2011. Its name is believed to have been taken from Cr Rupert Hadfield who was a representative of the Broadmeadows Shire Council in the area. Those looking to move to this suburb can find affordable homes as house …
Continue Reading about Suburb Trends for Hadfield, Victoria →
Melbourne House Prices for First Half of 2015
Home values in Australian cities recorded a 3.8 percent growth in the first four months of the year owing to the strong market conditions particularly in Sydney and Melbourne. This is according to the CoreLogic RP Data Home Value Index. The index report, however, noted a drop by 0.9 percent for prices in May due to a natural correction from the previous strong month on month results. This is …
Continue Reading about Melbourne House Prices for First Half of 2015 →
Suburb Trends for Macleod, Victoria
Macleod is a suburb in Melbourne situated 14 kilometers northeast from the Central Business District. It has a population of 9,606 as of 2011. People wanting to live in Macleod have two options when buying a residential property. They can choose between houses (total of 3,495) and units (total of 1,682). As of May 2015, a three bedroom house was sold from $540,000 to $706,500. There were 39 …
Continue Reading about Suburb Trends for Macleod, Victoria →
Tips for Inspecting a Property
Before buying a residential property, it is a must to do a personal inspection. This is important so you would know the real condition of the property, areas that need repair, potential problems and if it is indeed worth your money. Potential buyers should take a step further when attending an open house and personally check the details of the different parts of the property. Spend as much …
Interest Rate Remains Steady at 2%
The Reserve Bank of Australia has retained the current cash interest rate at two percent for the second month in a row. RBA governor Glenn Stevens said it was appropriate to leave the rate as it is. He added that even with the average growth pace of the economy, the higher rates of borrowing are a positive sign. At the moment, credit is experiencing moderate growth while borrowing …
Mistakes People Make When Choosing a Buyers Advocate
Buying a residential property takes time and research and sometimes, to succeed in this process, one needs to have a professional agent. Unfortunately, not every homebuyer who hires a buyers advocate end up successful. Here are common mistakes in picking a buyers advocate you need to be aware of. Not Trusting the Agent Trust is crucial in any relationship, whether it's business or …
Continue Reading about Mistakes People Make When Choosing a Buyers Advocate →
Buying a Home in Victoria
The state of Victoria in the southeast of Australia is the smallest state and the second most populous in the country. This most urbanised state has a population of more than 5.3 million as of 2011 but the Australian Bureau of Statistics predicts the number will increase to 7.2 million by 2050. Majority or almost 90 percent of Victorians live in cities and towns and 75 percent live in …
