House prices in some of Melbourne’s most expensive, inner-city suburbs have moved even further out of reach for those desperate to buy a home, with new data showing some areas soaring by as much as $400,000 in one year. But the price gains are welcome news to vendors hoping to take advantage of the rising Read More

Melbourne’s property market is expected to steam ahead in 2020. Experts have forecast smooth sailing this year, after weathering the banking royal commission, federal and state elections, and policy changes in the past 12 months. Real Estate Institute of Victoria president Leah Calnan said confidence returned to the market faster than expected after the “chatter Read More

Forget the downturn — Melbourne’s property values could reach record heights as early as January, with strong spring results promising good times ahead for vendors in 2020. Melbourne’s property market is on track to make a full recovery from the downturn and reach record high values by January, new research shows. Rapid improvements in house Read More

As we enter into the warmth of spring and the temperature rises, so too has buyer confidence with the latest property update signalling a steady market recovery. Overall, dwelling values in August increased across five of the eight capital cities with the exception of Adelaide, Darwin and Perth. According to CoreLogic, national housing values have Read More

Australia’s housing market downturn, already one of the longest and largest on record, has slowed in recent months. From a 1% slump in January, CoreLogic data showed prices nationally fell by a far smaller 0.5% in April. With just a few days left in the month, the group’s daily hedonic price series points to a Read More

As Australia’s second most populous city investors and homebuyers are invariably curious as to what lies ahead for Melbourne’s property market in 2020. Although national house prices were still trending lower across most states in 2019, the downturn appears to be easing, with the rate of decline slowing. Since May, we have had two crucial Read More

Melbourne’s biggest property downturn since the 1980s appears to be at an end, with the latest figures showing a rise in both house and unit prices for the first time in 18 months. Melbourne’s median house prices rose 0.3 per cent to $818,237 over the June quarter, Domain’s House Price Report for the June quarter, Read More

Going down the “dual occ” pathway has become an increasingly popular option for Melburnians. It’s a natural fit for people who want to make the most of a large, underutilised backyard or a vacant block. Dual occupancy homes or duplexes are two homes built on one parcel of land in two types of configurations; side Read More

One question we are advising clients on more frequently these days revolves around them wanting to help their children financially, but at the same time protect that money to ensure it stays in the family. Some interesting figures from 2017 pointed to family members, essentially the Bank of Mum and Dad, being the fifth largest Read More

Auction clearance rates rose strongly last week following the federal election, led by far stronger performances from the Sydney and Melbourne markets. According to data from CoreLogic, median home prices in Sydney and Melbourne also increased last week. The federal election result, along with likely rate cuts from the RBA and an easing in lending Read More