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[NEW VIDEO]: Should You Buy Real Estate Now Or Wait Until Interest Rates Fall?

Should You Buy Real Estate Now Or Wait Until Interest Rates Fall?

Don’t miss out, CLICK HERE to get up to date video education from Konrad Bobilak.   Dear Fellow Property Investor,   ANZ and the Commonwealth Bank are both forecasting a rate cut when the RBA next meets in February.   The Reserve Bank says economic management remains a "balancing act".   ANZ has joined the Commonwealth Bank in predicting an interest rate cut in February, which could provide relief to mortgage holders following a sustained rate of 4.35 per cent.   The cash rate has stayed the same since November 2023, with Reserve Bank of Australia (RBA) governor Michele Bullock saying...

[NEW VIDEO]: Melbourne Property Market Update January 2025

Melbourne Property Market Update January 2025

Don’t miss out, CLICK HERE to get up to date video education from Konrad Bobilak. Dear Fellow Property Investors, Melbourne homes are now 41% cheaper than those in Sydney, a $600,000 difference, marking the largest price gap in 20 years. Sydney has long been Australia’s most expensive city for homebuyers, but the price difference between Sydney and Melbourne has reached unprecedented levels. PropTrack’s Eleonor Creagh said that as of August, Sydney’s median house price is 70% higher than Melbourne’s, with Melbourne homes now 41% cheaper – a $600,000 difference, marking the largest price...

Melbourne suburbs where house prices grew more than their owners earned in 2024 revealed: REIV

The Melbourne Residential Property Market Update December 2022

Dear Fellow Property Investor, House prices in 25 Melbourne suburbs have out-earned their owners in the past year, surging at least $100,000 as the family home became 2024’s “most successful” property type. New Real Estate Institute of Victoria figures show while the wider city’s median house price fell by $20,000 (2.1 per cent) to $913,000 in 2024, a handful of postcodes shrugged off tough conditions. Multimillion-dollar housing markets including Deepdene, Portsea and Brighton had some of the biggest gains, rising anywhere from $255,000 to a whopping $602,000 in the past 12 months. But...

Two big banks now predict a February rate cut. Here’s how much they say you could save?

Two big banks now predict a February rate cut.

ANZ and the Commonwealth Bank are both forecasting a rate cut when the RBA next meets in February. The Reserve Bank says economic management remains a "balancing act". ANZ has joined the Commonwealth Bank in predicting an interest rate cut in February, which could provide relief to mortgage holders following a sustained rate of 4.35 per cent. The cash rate has stayed the same since November 2023, with Reserve Bank of Australia (RBA) governor Michele Bullock saying that taming inflation is a "balancing act". "With inflation coming down and employment growing, we think we remain on the...

NAB predicts 3 interest rate cuts for 2025!

NAB predicts 3 interest rate cuts for 2025!

NAB has come forward with its predictions for interest rate cuts, penning a total of three for 2025. NAB Group CEO Andrew Irvine released a statement on behalf of the major bank, saying that Aussies should expect some relief after economic troubles plagued many throughout 2024. “It’s my view that we’re at the hardest point of the economic cycle right now and things will get better from here,” Irvine said. “We’re seeing tax cuts for Australians that most are actually saving, so deposit balances are increasing in the sector, which I think is promising. And we do expect interest rates to...

Property Investors warned now is a ‘critical’ moment to secure an investment property before Christmas, while prices still remain affordable…

Melbourne renters paying almost $2,900 more a year in rent compared with 12 months ago

Dear Fellow Property Investor, Melbourne home buyers have been warned it’s a “critical moment” with just days left to secure a home before Christmas. Property experts are advising to “seize the opportunity now”, with Melbourne offering some of the most competitive deals nationally. However, experts are warning a potential interest rate in the new year will bump up prices. With 1369 properties slated for auction it is expected buyers will remain very much in control. PropTrack senior economist Paul Ryan said Melbourne’s auction clearance rate from last week sat at a steady 58 per cent,...

Home prices hit a record high as Melbourne Property Market leads growth!

Table: Melbourne Suburbs where prices rose the most September 2024

Dear Fellow Property Investor, Australian home prices have surged to new heights in October, marking the 22nd consecutive month of growth despite ongoing affordability challenges. National home prices increased by 0.26 per cent in October, with the combined capital cities now up 5.85 per cent over the past year. Melbourne emerged as the strongest performer among capital cities, with prices jumping 0.49 per cent after six months of decline. REA Group Senior Economist, Eleanor Creagh said price falls have started to reverse in Melbourne, with buyers out in force for the peak of spring...

[NEW VIDEO]: Victorian Government Slashes Stamp Duty For Off-The-Plan Townhouses on 21st October 2024

Don’t miss out, CLICK HERE to get up to date video education from Konrad Bobilak. Dear Fellow Property Investors, Victorian government's stamp duty cuts on off-the-plan apartments, units, and townhouses offer significant savings for property buyers. Learn more about eligibility, how to benefit, and why now is the prime time to buy with these expanded concessions. In a significant policy move aimed at stimulating the property market, the Victorian government has announced a major reduction in stamp duty for off-the-plan apartments, units, and townhouses. Effective from October 21, 2024,...

The Top Melbourne Suburb, where one in three Apartments are selling at a loss…

Melbourne Apartments selling for a loss

Richard Swanson faced a tough choice: sell the South Yarra investment property he had owned for six years for a loss, or hold on and hope it recovered in value. He chose to hold. That was five years ago and since then prices have only fallen further. After about 11 years, he has just sold the apartment for $156,000 less than he paid. This is the puzzle at the heart of Melbourne’s housing affordability crisis: property prices have soared over the long term, but not for all properties. There aren’t enough homes, but there are too many of the wrong type of home. Young families have...