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The end of the housing downturn is nigh - many capital city suburbs in Australia are expected to witness stellar price growths in the next three years, according to a new forecast by Select Residential Property (SRP). Melbourne's median house price rose by 0.3 per cent in the June quarter, the first rise since December 2017. The median house price is now $818,200, which is 10 per cent below the peak reach in late 2017. Balaclava is predicted to lead the housing recovery in Melbourne. Its current median price of $1.07m is predicted to grow by 20% to $1.29m according to Select Residential...

Finally, the biggest downturn in Melbourne property prices since the 1980s looks to be at an end! Melbourne's median house price rose by 0.3 per cent in the June quarter, the first rise since December 2017. The median house price is now $818,200, which is 10 per cent below the peak reached in late 2017. Melbourne's median unit price increased by 2 per cent in the June quarter, the median unit price is now $501,000, which is 2 per cent below the 2018 peak. House and unit prices are 49 per cent and 20 per cent higher than they were in 2013. Melbourne's most expensive areas have seen the...

The market is starting to turn in both Melbourne and Sydney, and now it's entirely up to you. After steady falls of around 10%-15% or more since mid-2017 it seems that Sydney and Melbourne's house prices are starting to move higher today if the usually reliable auction clearance rates are anything to go by. According to data from Domain Holdings Australia Ltd (ASX:DHG) operated domain .com .au, Sydney saw preliminary auction clearance rates of 71% and 77% over the last two weekends respectively, with Melbourne at 65% and 74% respectively. Generally, property 'experts' reckon that...

Dear Fellow Property Investor, Property prices are now expected to increase later this year following a sharp turnaround in sentiment, according to ANZ Bank, which has shifted to a more optimistic outlook since May. According to the bank's quarterly housing report, prices across the country will bottom out in coming months and "rise modestly" through to the end of 2019 before growing about 3 per cent in 2020. Just two months ago ANZ did not expect to see house price growth in 2019. Prices in Sydney are expected to increase by between 3 per cent and 4 per cent and more than 4 per cent in...

Don’t miss out, CLICK HERE to get up to date video education from Konrad Bobilak. Dear Fellow Property Investors, One of the most important concepts that you can learn in your lifetime is how to correctly structure your personal finances, and create a system that enables you to pay off a typical 30 year principal and interest home loan in 10 years or less. And whilst this process is ‘simple’ to set up and implement, (once you know how), the vast majority of Australians still have no idea how it works, or who to turn to for the right advice on how to set this up. Whether or not you are...

Did you know that from my personal observation and involvement in the real estate market over the last 20 years, I have identified that most property investors tend to fall into the following 4 broad categories of behaviour; 1. The analytical compulsive information gatherer - usually coming from a technical industry such as engineering, science or medicine, these property investors will spend months and years conducting market due-diligence, crunching numbers and analysing charts. They tend to read lots of property books, attend workshops and frequent property investing forums and...

Don’t miss out, CLICK HERE to get up to date video education from Konrad Bobilak. If the system was really working, and by the system I am referring to the construct of, ‘go to school, study hard, get good grades, get a good job, buy a house, pay it off and eventually retire and relax with your grandchildren in the quarter-acre back yard, playing cricket or footy,’ was really working…then the stats mentioned above would be reversed and the vast majority of Australians today would be retiring with well over $1.5million dollars as a lump sum in their superannuation fund, equating to some...

Don’t miss out, CLICK HERE to get up to date video education from Konrad Bobilak. One of the most insightful and perhaps enlightening distinctions that I picked up from years of dealing with high net worth individuals is that they have figured a long time ago that; "The secret to success is to own nothing, but control everything." - Nelson Rockefeller You see one of the major differences between high net wealth individuals and the average Australian is that the wealthy have learned over time that the best way to hold assets, and to build wealth for that matter, is via trusts and corporate...

Don’t miss out, CLICK HERE to get up to date video education from Konrad Bobilak. Australian home prices are falling...Or Are They? You see, some homes are falling faster than others. AND some aren't falling at all. That's the finding of new research from CoreLogic, which found that rather than broad-based declines across the nation, it's actually only Australia's most expensive properties taking the hit at the present. "National dwelling values have fallen by 0.3% over the three months to April 2018," the group says. "While headline figures have slopped lower over the period, across the...

Don’t miss out, CLICK HERE to get up to date video education from Konrad Bobilak. A decade ago, 71 per cent of houses and 75.8 per cent of units in Australia's major capital cities sold for under $400,000. Similarly, a decade ago, only a small fraction, 3.4 per cent of houses, and 1.9 per cent of units located in the major capital cities sold for more than $1 million dollars. In mid-2016, just 10 years later, a significant percentage of suburbs joined the $1 million dollar club, with 12.4 per cent of houses, and 4.6 per cent of units exceeded the magic $1 million dollar range. What's...