True, owning a $1 million house may not hold the same ‘wow’ power it did a decade ago. Median house prices in four out of the eight Australian capital cities are now above $500,000. But seven—figure sums in real estate still facinate most property investors and homeowners. Watching Australia’s steady rise suburbs with median house […]
Known for its tree-lined streets and Victorian-style houses, Malvern is arguably one of Melbourne’s best suburbs, situated just 12 kilometres southeast ofthe CBD. It’s just been listed as a hotspot by ‘WBP Property Group, and chief executive officer Greville Pabst says it’ll “outperform” the Melbourne market in the coming years due to its desirable location […]
Are we starting to see more distressed vendors than may have been reported? Australia wide, the delinquency rate has climbed from around 1.4 per cent to 1.79 per cent. It may be low in comparison to Europe and America, however it’s a figure the reserve bank should be paying close heed to because it seems […]
We’re currently in an opportunistic phase of a typical property market cycle and although I don’t expect it to last perpetually, it presents a wonderful window of possibility for homebuyers. Quality of stock is not in abundance, however there’s enough on the market to reduce the intensity of competition around each individual listing, therefore providing […]
The recent call for a first homebuyer strike from the tax reform group called Prosper Australia has received a fair amount of publicity. It’s one of those irresistible headline-grabbing stories the media loves – a little like Dick Smith’s two children per family policy. The proposal calls for first homebuyers to go on strike and […]
Buyers often want a solitary answer to the ‘golden egg’ of investment. Some experts recommend apartments, while others swear by land. However there’s no ‘one size fits all’ scenario in the world of real estate. Plans must be formulated for each individual based on long-term objectives. If you’re thinking of investment you probably fit into […]
It’s long been thought that buying the worst house in the best street is a wise plan for investment. After all it’s location that’s the most important aspect of any real estate acquisition right? Well not necessarily so – many ‘would be’ property developers enter into an acquisition only to find themselves with a plethora […]
One of the main reasons a property’s location is so important can be captured neatly in the old adage ‘you can change a house, but you can’t change its location’. However, searching for the perfect location involves more than simply looking for the worst house in the best street. It’s owner occupiers that underpin property […]
When voted into government late lastyear, Victorian Premier Ted Baillieu promised to improve the state’s planning and property sectors. Plans for new committees and policies were announced, as well as a much needed cut to the red tape. While industry experts agree there’s still a long way to go, many have welcomed the changes suggested […]
Unless we’re going to accept a life locked in our homes living via the internet, most of us value a sense of community and the amenities that go hand in hand with it. For this reason, suburbs don’t establish themselves over night. Shops, schools, public transport, nightlife, parks and other social facilities are all provided […]
