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In a recent interview with the Sydney Morning Herald's Jim Malo, Wendy Chamberlain calls property price guides 'a work of fiction.' If you've been on a fruitless and frustrating house-hunting expedition in Melbourne's property market, you've likely come to the conclusion that she is right. The Sydney Morning Herald article explores the correlation between price guides, actual sales prices and …
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While Melbourne and Canberra have been the only capital cities to record annual declines in their home values of -1.2% and -0.7% respectively, it appears that is about to change. RBA rate cuts in February and May have helped to boost borrowing power, with further rate cuts expected. In May, Cotality (formerly CoreLogic) research showed 38% of outer Melbourne suburbs have already recorded value …
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Whether you are approaching retirement age or you are already enjoying a retirement lifestyle, you may start to consider selling your home and moving to accommodation that will work better for you as you age. So what are the options? Downsizing A typical choice Victorians make as they age is to downsize. Selling the family home and moving into something smaller has several benefits. It can …
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People often think property investing is about building a portfolio of residential rental properties, but that is just one of several ways to generate wealth through property investment. House Flipping Although building material costs have escalated in recent years, renovating and selling properties can still be a lucrative way to make money. You just need handyperson skills or good …
Get ready to break out the beanie, gloves and scarf… there are just two weeks left before it is officially WINTER! If you've been contemplating selling your home but think you should wait until spring, here are six good reasons why selling your home in winter is actually a good idea: So don't dismiss the idea of selling in winter - unless you live by the beach or have a swimming pool it …
On the back of 0.25% property value price growth in April, industry experts are predicting a strong comeback to the Melbourne property market this year. After lagging behind most other states for the past couple of years, Melbourne property reached a median value of $781,000 in April, recording the second highest monthly price growth in the nation behind Adelaide. According to …
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Tomorrow's federal election is likely to bring about a new approach from a Coalition government or the continued rollout of the current Labor government's housing policies in the following key areas: Housing Supply Labor remain committed to their National Housing Accord target of building 1.2 million homes by 2029 as well as the continuation of their Housing Australia Future Fund …
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Economists suggest we can expect to see rising activity in the Melbourne and Sydney property markets this year, prompted by anticipated interest rate cuts. Based on the likelihood of multiple rate cuts by the Reserve Bank of Australia throughout 2025, brokers are predicting a boom in Sydney and Melbourne's property markets with renewed buyer interest across the inner to middle city suburbs. …
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Checking up on the state of the rental market this Good Friday, and the news isn't necessarily good for Victoria's property investors or renters. Since Victoria's rental property taskforce was established in March last year, online complaints to the taskforce have exceeded 500. Consumer Affairs have issued orders to un-compliant Melbourne rental providers to remedy breaches of the 130 reforms …
The REIV were finally able to report positive median price growth across Victoria's metropolitan and regional property markets during the March quarter, something Victoria hasn't experienced since December 2021. Following declines in the December 2024 quarter, March saw median house prices rise 2.7% and 1.2% respectively in metropolitan and regional Victoria. Units and apartments also rose 0.9% …
