Latest News & Blog
The Melbourne Housing Market Rebound Gathers Steam!
The recovery in the housing market is gathering momentum through the first month of spring but policy makers and regulators remain relaxed about the rebound to date, according to an analyst. Property research firm CoreLogic's September home value index results revealed the national index posted the largest monthly gain since March 2017, largely driven by a strong rebound in Sydney and Melbourne where values were up 1.7 per cent over the month. CoreLogic's Hedonic Home Value Index reported that national dwelling values rose by 0.9 per cent over September. This marks the second month of...
The Melbourne Property Market Is Sizzling! Latest RP Data September Report Reveals…
Sydney and Melbourne have continued their resurgence over September, jostling for the best performing capital. They both saw dwelling values rise 1.7 per cent, taking Sydney's quarter value rise to 3.5 per cent, slightly higher than Melbourne's 3.4 per cent. Last month both saw 1.6 per cent gains. The two major capital city markets are now the best performers over the quarter, dating back to July, the first month they recorded value gains after over 18 months of declines. The bounce back in Sydney and Melbourne continues to be driven by houses which rose 1.9 per cent over September....
Latest ABS Figures Show That Property Investors Are Back In The Market, Accounting For 32% Of Mortgages In Sydney And 26% In Melbourne In September!
Sydney and Melbourne remained the best performers in September due to the increased participation of property investors, according to the latest report by CoreLogic. The two cities both reported price gains of 1.7% on a month-on-month basis. For the three months September, Sydney and Melbourne also reported the most substantial value growth at 3.5% and 3.4%, respectively. The two housing markets lifted the overall growth in dwelling values by 0.9% monthly and 1.7% quarterly. The growth in these two cities can be attributed to the strong activity by property investors. Figures from the...
Learn To Pay Off Your Home Loan In 10 Years Or Less, And Use The Savings To Build Your Very Own Property Empire In 2019!
Dear Fellow Property Investor, Here are the 2 key concepts that I will be teaching at my live Melbourne event: How to smash your current home mortgage in record time!, and How to build a property portfolio that will have the potential to replace your current job income. Interested in learning more? Then keep reading... You see, 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 while this...
The Melbourne Property Market Has Turned The Corner in 2019 & Is On the Rise Again
Don’t miss out, CLICK HERE to get up to date video education from Konrad Bobilak. Here is what you will learn by watching this video: One of the fundamental principles of investing in property in Australia is to appreciate that the market moves in distinct cycles which are characterised by periods of strong capital growth and demand for properties, through to periods of flat-lining market, following periods of distinctive falling median prices, lower demand for properties, and a decline in property prices. The general rule of thumb is that these property cycles last 7 to 10 years, and can...
Melbourne And Sydney Have Now Both Passed The Bottom Of The Property Market Cycle… So What Are You Going To Do About It?
Did you know that the latest figures from RP Data for August 2019 show that Sydney and Melbourne are on course to achieve double-digit residential price growth as early as next year, even without the boost of another rate cut, an analyst predicts. It's very evident that both the Sydney and Melbourne property markets have passed the bottom of the residential property market, with the recovery being led by the upper quartile most expensive properties in both markets. This means that if you were thinking of 'timing' the market by buying right at that very bottom...I hate to say it, but you...
Melbourne and Sydney “set for double-digit growth” in 2020!
Sydney and Melbourne are on course to achieve double-digit residential price growth as early as next year, even without the boost of another rate cut, an analyst predicts. The growth momentum that has been building in both cities since May's federal election is accelerating, says Louis Christopher, managing director of SQM Research. "I'm not ruling out a new housing boom," he said. Mr Christopher said many markers already pointed to a strong upturn, among them falling stock levels, rising auction clearance rates and surging asking prices. "We have low interest rates and loosening of...
Melbourne auctions: Clearance rate passes 80 per cent! Stand-out houses smash their reserves by as much as $225,000 amid lack of stock!
Dear Fellow Property Investor, Melbourne's auction clearance rate has jumped above the 80 per cent threshold as confident buyers jump back into the market, preliminary figures show. There were 596 auctions held in Melbourne on Saturday, a slight lift from recent weeks as winter draws to a close. By evening, Domain Group had recorded an 81.2 per cent clearance rate from 456 reported results. Housing market sentiment has been picking up since the May election result, with two cuts to interest rates and a regulatory move to let buyers borrow more money also boosting confidence. Preliminary...
These Melbourne suburbs might see house prices grow by 20% in 3 years!
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...
Melbourne property downturn over: Median house prices rise for the first time in 18 months…
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...