Melbourne may have become Australia’s cheapest capital city in which to rent but in its wealthiest suburbs, it’s just business as usual. Rents in some of Melbourne’s most expensive suburbs are on the rise, the latest Domain Rent Report shows, bucking the trend of rents closer to the city that have fallen by as much as 21 per cent. […]
Home owners who bought property six months ago are up to $180,000 better off than if they had invested their savings in the stock market or a term deposit, new analysis reveals. New research undertaken by Canstar shows that if a Sydneysider bought a house for the median price of $1,112,671 in March with a […]
Victoria’s building boom has soared to unprecedented levels with new figures revealing construction started on a whopping 46,287 homes in the past financial year. The data released by the Australian Bureau of Statistics this week includes 14,200 detached homes that builders commenced in the three months to June, which is also a quarterly record. The […]
A Toorak mansion renovated by international designers has become the most expensive home sold at auction in Australia, after it was snared on the weekend for more than $40 million. The sale price for 47 Lansell Road, which is understood to be at the upper end of its advertised $40 million to $44 million guide, has […]
A former beauty therapist who pockets nearly $700,000 a year in net rental income from her $20 million portfolio of 20 properties has revealed one major decision made her real estate empire possible. Helen Tarrant, whose family migrated from China to Australia when she was young with $70 to their name, said buying commercial, rather […]
Sydenham, Montmorency and Carrum are Melbourne’s most popular suburbs for house flippers, new research shows. But the time for big money gains by buying and selling quickly could be over, with the window of opportunity to buy cheap and sell again soon afterwards for a substantial profit almost closed. Ray White chief economist Nerida Conisbee […]
Australians are a lot richer than they think thanks to rising house prices and a recovering share market boosting wealth levels. While many people paying off a mortgage won’t feel rich, the statistics say otherwise with average household wealth surging by 20.3 per cent during the past year. As of June, per capita wealth stood […]
The most popular suburbs for property deals have been revealed, with new figures showing the shift to sea-change or tree-change hotspots or outer suburbs offering more space. Inner-city unit markets have also been busy, with first-home buyers taking the opportunity to purchase from investors who need the cash while the pandemic hits the economy. Although […]
The premium that Melbourne home buyers are paying to get into sought-after school zones has skyrocketed over the past year, with new data showing house prices in 38 catchments have soared by more than 20 per cent – one by an astonishing 45.7 per cent. The annual Domain School Zones Report, released on Thursday, shows the crush […]
A flood of buyers and sellers is expected to hit Melbourne’s real estate market this weekend as it springs back to life following the news in-person inspections can now go ahead. In a last-minute reprieve for the weekend market, Victorian Premier Daniel Andrews on Thursday announced private inspections could go ahead in “unoccupied” properties for […]