After the year-long trend of declines, Melbourne’s property market continued on an upward trajectory in April, reflecting the growth that was witnessed in both February and March. Our capital saw 2,960 auctions occur across April, compared to 4,993 at the same time last year, marking a decline in volume of just over 40%. Low stock volumes have continued to be
As Australia’s growing population contends with low housing supply and a tight rental market, addressing market shortage and affordability was central in this year’s federal budget. A predicted surge in migration has highlighted the need for such initiatives, with the budget estimating 1.5 million people will arrive in Australia over the next five years. The Albanese Government’s second budget also
Purchasing property is likely to be the most sizeable investment families will make in their lifetime. As average property prices climb higher, the need for a robust loan often becomes more apparent, but a deposit will still be required to help you get a foot in the door. But how much savings do you need to buy a house? And
Suburbs across Melbourne’s east are leading the rally in our city’s property prices, with some areas achieving more than 10% growth in the first three months of 2023 Real Estate Institute of Victoria figures show that Ringwood had an impressive 13.4% boost to its median price in the first quarter of 2023, and a 6.6% increase in the unit market.
Melbourne’s Eastern Suburbs offer some of the best places to live in Australia for families. The area has a mix of well-established suburbs and new communities boasting upgraded amenities and attractions, making it an ideal location for people looking for a family home. In this article, we have compiled some of the best suburbs for families to move to in
Buying a home is a momentous occasion, which can be equal parts exciting and bewildering. From determining your personal preferences to exercising important due diligence, here’s 3 tips to help you sail through the process. 1. Money matters. Have your deposit ready (that’s about 20% of a home’s purchase price). Be clear on your budget and have a pre-approved loan.
There are many times in a person’s life where they may wish that they had a crystal ball, and this is undoubtedly true when looking to sell a property. So, what are the positives about selling in the current market? If you listen to the doom and gloom presented in much of the media, you’d say they were none, but
Melbourne’s real estate market is no stranger to fluctuations. Amidst the ever-changing trends and significant growth in median prices we have seen over recent years, fixer-upper houses have captured the attention of long-term investors and first-home buyers alike. But what exactly is a fixer-upper? A fixer-upper is a property that requires significant home renovations, repairs, or updates, and as such,
Both new and established investment properties attract depreciation deductions for their owners, however, there are differences in what owners are eligible to claim. In this article, BMT Tax Depreciation outlines the differences in depreciation eligibility between new and established investment properties, which may be an important factor when deciding which type of property to invest in. Depreciation overview Depreciation is
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