Real Estate

Melbourne predicted as hotspot for 2025, Despite Melbourne's property market declining in price throughout 2024, a new report suggests the city will become a prime investment hub. Hotspotting, conducted by Ryder Property Research, forecasts that Melbourne will experience a rebound in 2025. This prediction comes from the Top 10 National Best Buys report, which evaluates regions based on...

Homeowners selling property below purchase price, New data shows Australian homeowners were more likely to make a profit if they sold their homes in the September quarter. However, the overall national improvement is driven by a property boom in Perth and Brisbane, masking weakness in Sydney and Melbourne. Where property owners are selling at a loss LGALoss-making sales, %Median loss,...

Who gains from build-to-rent apartments?, On the night of the last Census, over 122,000 people in Australia were reported as homeless. This issue is especially concerning for women, as they are more vulnerable to homelessness. In fact, in 2021, more than 80 percent of the increase in homelessness was attributed to women. Dan McLennan, a developer, explains, “We were determined to make a...

Landlords faced minimal consequences, renters struggled, A report revealed that many landlords faced minimal accountability for maintaining their properties, leaving tenants in poor living conditions. This negligence harmed both the health and financial wellbeing of renters, raising concerns about the lack of enforcement. Anika Legal’s “Too Hot, Too Cold, Too Costly” report focused on...

Australia's cheapest, most expensive streets revealed, There is a massive $44-million gap between Australia's cheapest and most expensive streets. Wolseley Road in Point Piper, Sydney, has been named Australia's most expensive street. It boasts a median house price of $45 million, reflecting a significant 36% increase from the 2023 median price. That price was $33 million just 12 months ago,...

First-home buyer spends $1.26M on renovation, A first-home buyer secured keys to a renovated Abbotsford home for $1,262,000 at auction on Saturday.They beat three other bidders to win the property. Four first-home buyers attended the auction at 235 Nicholson Street. The property was listed with a price guide of $1.1 million to $1.15 million. One party opened the bidding at $1.11 million, and the...

Perth home listings hit three-year high, In November, the median time to sell a house in Perth increased to 13 days, up from nine days. According to REIWA chief executive Cath Hart, the median days on market have been rising for several months. Furthermore, this change corresponds with a rise in the number of listings for sale during the same period. "New listings have reached their highest...

Buy a Chanel house for bracelet price, A Chanel-themed house has recently been listed for $175,000, which is equivalent to the price of one bracelet. This charming three-bedroom terraced house is situated in Mexborough, a town in South Yorkshire, United Kingdom. From the exterior, the house appears to be a typical English terrace, blending seamlessly into its surroundings. However, upon...

Best time to buy a home in three years, Australian consumers now believe it’s the best time to buy a home in nearly three years.This comes as the outlook stabilises for interest rates, while inflation begins to ease. The Westpac-Melbourne Institute time to buy a dwelling index surged 21.7 percent in the three months to November.However, it remains below the long-term average and still reflects...

Ben moved 28km for affordable housing, Ben Kreunen has increasingly moved further away from Melbourne over the years in search of more affordable rent.This shift comes as the rental crisis in the city has worsened, making housing prices climb significantly. "I began by living in share houses, which was more affordable," said Kreunen, reflecting on his early days.At the time, living closer to the...