How much house prices exceed fair value?, Australian house prices are now more than a third overvalued, with many areas seeing worsening conditions, new analysis reveals. However, prices are unlikely to return to fair value unless substantial new housing developments are built, experts suggest. Nationwide, house prices are 34 percent above fair value, according to AMP chief economist Shane...
Unique family home features its own salon, You can touch up your roots without leaving the house at this unique property for sale in Melbourne’s south-west. Interestingly, not many homes feature their own in-house hairdresser, but a family home in Werribee is one of the few. The four-bedroom house is currently on the market for $1,450,000–$1,595,000. It is situated within an estate of 50...
Public housing to be renovated after disaster, Melbourne’s postwar public housing towers are undergoing a significant transformation following a sewage failure in 2022. Victorian Premier Jacinta Allan and Minister for Housing Harriet Shing unveiled the initial concept designs for the redevelopment. The major revamp will involve replacing 60-year-old red brick buildings in Carlton, which are...
For those looking to embrace the best of city living, Aria Melbourne is the newest development that offers a perfect blend of a prime location and contemporary luxury in the heart of the vibrant arts precinct. Melbourne homes near Botanic Gardens attract buyers, Melbourne is globally recognized for its dynamic arts, culture, and culinary scenes. The arts and gardens precinct serves as an ideal base...
Homebuyers prohibited from entering house until 2053, A prestigious home recently sold for $1.4 million less than its estimated value due to a strange contract clause. This unusual deal took place in the Russian Hill neighborhood of San Francisco, involving a periwinkle-blue 1920s house. The house sold for just $US488,000 ($753,000), a fraction of the $US1.4 million ($2.1 million) price...
Suburb where sharehouse room costs $570, In Avalon Beach, the median rent for a room has increased by over 90 percent in the past year. This suburb has been identified as having the steepest year-on-year rent increase for single rooms in sharehouses. Now, renting a single room in Avalon Beach costs an average of $570 per week, according to Flatmates.com.au data. In contrast, renting an entire...
WA seaside town surpassing national house growth, WA’s regional housing market is again outperforming the capital city, leading the way in value growth, rents, and rental yields. The latest CoreLogic Regional Market Update revealed that, although growth has slowed, WA and Queensland regions still dominate top-performing lists. These regions secured the top eight spots for quarterly value...
New data shows over 100 thriving beach towns offer houses under $1 million. Affordable beach houses: 107 coastal suburbs, The median house price in 107 regional coastal suburbs was under $1 million, showing a growth of 5% or more. This data, from PropTrack’s October 2024 analysis, highlighted a strong market performance across these beachside areas. About a third of these suburbs had median...
Where property prices may drop in 2025, Property prices in Sydney and Melbourne are forecasted to drop by up to 5 percent in the upcoming year. However, Australia-wide home prices are expected to experience a moderate rise, according to recent predictions. The average capital-city property price across Australia is anticipated to increase by 1 to 4 percent. This forecast is outlined in SQM...
Explore where millions of new homes can be built, A fresh analysis reveals that over three million medium-density homes, such as townhouses, duplexes, and triplexes, can be built. This development could take place across Australian capital cities, providing significant opportunities for growth in these urban areas. According to the CoreLogic and Archistar report, titled The Missing Middle: The...
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