Melbourne suburbs with fastest falling prices, A group of wealthy suburbs on Melbourne’s bayside have seen the biggest drop in house prices recently. Experts say the sluggish market and high interest rates are causing these price declines. CoreLogic data reveals Albert Park’s median house value dropped by 9% in the three months to October. This is the largest decrease in house prices...
Sydney suburb where no one defaults mortgage, As some Sydneysiders struggle with mortgage repayments amid the cost-of-living crisis, Clovelly stands out as an exception. In this suburb, every homeowner stays on top of their mortgage payments, despite broader economic challenges facing the city. Clovelly is home to professionals like investment bankers, and it's not uncommon for buyers to receive...
Melbourne apartment buying: key considerations and advice, With stamp duty reforms underway in Victoria, many first-time buyers and investors are now focusing on units instead. However, Anthony Webb, head of Victoria at Belle Property, notes that many buyers remain hesitant about committing to property purchases. He explains that a significant number of buyers are being priced out of houses,...
International students aren't responsible for Australia's rental crisis; limiting enrolments could harm universities, local businesses, and the economy. Overseas students aren't responsible for rental crisis, Research from the Student Accommodation Council (SAC) reveals that only 6% of renters nationwide are international students, mostly in capital cities. The government plans to cap...
New data shows buyers in Australia's two largest states prefer newly-built homes. Two states with nearly half favoring new homes Data from REA Group’s 2024 Property Seeker Report reveals that 42% of homebuyers in NSW and Victoria are considering or have purchased new homes over the past 12 months. This includes various property types such as free-standing houses, townhouses, off-the-plan...
A new waterfront development reshaping this inner-city suburb. Docklands community winning over Melbourne residents, Located on the iconic Collins St, Collins Wharf seamlessly combines the vibrant energy of city life with a peaceful waterfront lifestyle. Docklands is quickly gaining recognition for its unique fusion of modern urban living and the tranquility of waterfront...
$8M Victorian estate includes private golf course, A unique northern Victorian property with its own mini golf course is now available for sale after nearly 20 years. This stunning estate, known as Clarendon Eyre, spans approximately 260 acres in the tranquil town of Bearii. Located next to the iconic Murray River, the estate is described by the agent as a “private utopia.” The property...
Are property investors buying or selling?, More investors are currently buying properties than selling, new analysis reveals, with lower-debt investors replacing those with higher debts. According to CoreLogic's analysis, new loans to investors have consistently outpaced the number of inferred investor listings across Australia. In October, investor listings reached about 13,000, which was below...
Aussie city reaches 14-year low outlook, Sydney is sinking further into the housing crisis, while the rest of Australia is experiencing growth in building activity. According to a new report from Housing Institute Australia (HIA), there is no sign of a "near-term rebound" in home construction. HIA senior economist Matt King explained that new home building in the Sydney basin remains...
Buying an off-the-plan apartment lets you create a stylish, personalized home from the beginning Personalize an off-the-plan apartment your way, Off-the-plan apartments offer a pathway to homeownership with benefits like government concessions, stamp duty savings, and lower deposits. Additionally, these homes give you more time to save and prepare before moving in, easing the financial...
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