Beach bargains just a fairy story
CASHED-UP Melburnians keen to snatch beachfront holiday homes from struggling vendors may be in for a big disappointment.
Plunging average prices for regional seaside homes don’t tell the full story.
Valuer-General Victoria sales figures released this month by Land Victoria show median house prices rose in a third of seaside towns!
From the end of 2007 [...]
High interest rates a benefit for investors
What will happen if rates go up? In today’s low-interest-rate environment one of the common questions property investors ask is, “What happens if we buy now and interest rates skyrocket, like back in the 1980’s?”
An understandable concern and today’s historically low interest rates can’t be sustained forever because at some point the economy will [...]
A great weekend for the Melbourne auction market!!
MELBOURNE’s auction market had its highest clearance rate over the weekend since the end of the property boom in December 2007.
Of the 452 properties up for auction, 83 per cent sold and 77 properties were passed in!
However, the number of properties for auction was 126 fewer than at the same time last year!
The [...]
Variable home loans reach record levels
Home buyers are flocking back to variable rate mortgages which now account for 91% of the residential lending market, their highest proportion in four months.
Mortgage broker Mortgage Choice reported in April basic variable mortgages accounted for 48.15 per cent of all home loans approved - up nearly one per cent from March, while standard variable [...]
First homebuyers improving rental vacancies
Melbourne’s outer suburb vacancy rates have improved from 0.7 per cent to 1.8 per cent in the past six months, according to the Real Estate Institute of Victoria’s April vacancy rates.
Vacancy rates across Melbourne is reasonably steady having been between one and 1.4 per cent for 12 months. However it‘s significant that there’s a noted [...]
Commercial building steady
The value of commercial building permits in Victoria has increased in the March quarter, despite there being a fall in the state’s building industry overall.
Building Commissioner Tony Arnel says that when compared to the same period in 2008, the value of building permits in the state has decreased by 11 per cent to reach under [...]
You can profit from the next property boom!!
Property investors should be planning ahead to take advantage of the next upturn in the property cycle, that’s according to quantity surveying firm Asset Economics.
“Property booms never last but neither do property busts.”
To take advantage of the next boom, investors need to ensure they’re buying for long-term capital growth and also take in account [...]
Classic Double Fronted Slate Roofed Hawthorn Brick Victorian Residence …6 Main Rooms, 3 Bedrooms + Study
551 Punt Road SOUTH YARRA
Renovated from the ground up with an open mind and an open chequebook, this stunning home has been re-stumped and rewired with new double glazing. Featuring a stunning gourmet kitchen opening on to a large family room at the rear overlooking the back garden and entertaining area, accommodation includes three huge [...]
Investors …waiting and watching!
It’d seem the stars are aligned: low rates, population growth, low vacancy rates, strong rental market and a shortage of housing in the majority of capital cities.
Since late 2008, the number of loans to first home buyers has outweighed substantially those to existing owner-occupiers and investors as first-time buyers rush to take advantage of the [...]
House price rise bucks a global trend
The value of Aussie homes increased in the first quarter, bucking a global trend downwards, according to a recently issued report.
House and flat prices in Australia increased in value by 1.6% in the first three months of the year, helped by a scarcity of supply, lower interest rates and incentives to first-home buyers.
The slight recovery [...]