Because many property buyers have been put off by all the news about defects in new building developments, there is now a renewed interest in older-style apartments. Previously, we discussed the kind of information you should seek out when you buy a new apartment. But what about older apartments? It’s not as if apartments built
Having a car park next to your apartment could add as much $200,000 in value to a one-bedroom apartment in Melbourne’s inner suburbs according to recent studies. Research has found that suburbs close to the CBD are the most likely to benefit from having a parking area nearby. However, it’s safe to say that any
Melbourne’s apartment rental market could be about to reach its peak, with rents at high levels but rising at only a moderate pace. Apartments have become so popular that it now costs almost as much to rent an apartment as it does to rent a house. The median house rent was $430 a week, which
A house within close proximity of any Australian CBD can be a treasured find for city dwellers. But the cost of buying in differs dramatically from one Australian capital to the next. From Sydney to Melbourne, Brisbane to Canberra, and Adelaide to Perth, here’s what a house may set you back if you travel seven
The time has come to move out of your rental, and that means time to crack out the mop and bucket, to try and get your lease bond back. But is it worth tackling the end-of-lease clean yourself, or should you bring in a professional? The Department of Fair Trading does not hold data on
Buyers in Melbourne are becoming increasingly fond of condos; and city skyscrapers are not the only option on the menu. According to statistics from the Australian Bureau of Statistics, South Yarra and Hawthorn East were both hot spots in the year to August. There were 1332 individual units approved in South Yarra and 635 in
When it comes to investing in valuable real estate, location is everything. Now that Melbourne is finally facing a market turnaround, it’s important for locals to consider their options for neighbourhoods carefully. The suburb that you choose to create your home in today could make or break your chances of a profit in the future.
Rent prices for houses in Melbourne have fallen for the first time in 7 years, with new data showing that the median price has fallen by 2.3% to approximately $430 in the last 3 months. The fall was attributed to a larger number of transactions at the cheaper end of the market across all suburbs.
The outlook of the Australian property landscape is growing progressively brighter according to recent reports from the Domain Quarterly House Price report. The most recent data reveals that the fall in house prices around Australia, in general, is easing significantly, with house prices slipping by only 0.4% during the June quarter. This follows a fall
Property Downturn Is “Well and Truly History”, with an East Melbourne Apartment Selling $1.18 Million Above Reserve
A modest East Melbourne apartment has flown $1.18 million past reserve in a recent shock auction sale. With a very exciting first bid of $1.6 million putting the two-bedroom Art Deco pad well above its $1.47 million reserve. And the price just kept rising from there to reach a promising $2.65 million sale. The auctioneers
Sensational home price gains in Melbourne and Sydney over the last month are encouraging the national average dwelling values to move slightly higher. However, analysts are cautioning that the bump in August probably isn’t the start of a new boom. Capital home prices rose by around 1% in August, driven by 1.4% and 1.6% rises
There are a lot of terms in the real estate world that can be confusing at first. Whether you’re an owner-occupier in a home or a property investor, these are the words that you’ll need to get used to using when making the most of your investment. One particularly common term that will appear in
When home buyers and investors start out on their property journeys, they can sometimes feel a little lost and confused when deciding on which mortgage is right for them. In today’s loan market there are a huge number of mortgage options, each slightly or dramatically different from the last. When applying for each home loan,
Melbourne’s property market looks to continue in the same direction for 2019, with another year of modest price falls, red tape on borrowing money and a continuing rise of housing developments appearing in the outer Melbourne suburbs. Experts are hoping the city’s surging population will put a floor under the declines as more new residents
A fixed rate home loan means your loan repayments will be charged at the same interest rate for a given period, generally this time frame is 1 – 5 years, but longer fixed rate terms do exist. After this period, the rate will revert to a variable rate, unless you enter into another fixed-term contract.