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This article was originally published by Samantha Landy on 23 MAR 2018 via realestate.com.au MELBOURNE could be on track to have its biggest ever auction week, with almost 2000 homes expected to go under the hammer. CoreLogic is tracking 1934 auctions for the city this week — just shy of the record volume of 1983 notched in late October. But CoreLogic state director for Victoria Geoff White said a new benchmark could still be set by Monday: “Typically we find there were more auctions than we tracked. So it could be a ultimately be a record.” Further figures from REIV predict 2060 auctions...

This article was originally published by SAM JACOBS on MAR 22, 2018 via businessinsider.com.au   Research from ANZ suggests China’s residential property market is buffered from a material collapse. Despite increased loan growth since 2015, China’s household debt-to-GDP ratio is still comparatively low. Analysis of loan-value-ratios suggests Chinese lenders can still absorb a significant house price correction. Much has been written about the risks posed to China’s economy by the buildup of excessive leverage. It’s an area the RBA raised concerns about in October last year, and...

This article was originally published by Michael Bleby on Mar 20 2018 via afr.com.au Home sales in Sydney and Melbourne fell last year to their lowest levels in at least four years as stock shortages kept listings low and tighter credit rules hampered investor purchases. The figures are preliminary, and likely to be revised higher as more home settlement data is recorded for transactions sealed during the quarter, but official figures showing lower transaction numbers and weaker dwelling price growth laid bare the growing risk for state governments that have become accustomed to strong...

This article was originally published by Scott Carbines on MARCH 21, 2018 via news.com.au   MANY Melburnians who bought in the right suburbs 10 years ago can now count themselves to be millionaires and among the country’s luckiest homeowners. House prices have surged over the past decade, with Kingsville, Notting Hill and Forest Hill in the nation’s top 10 for price increases in suburbs now around the $1 million median mark. Kingsville’s median house price rose the most in that category in Melbourne, growing $651,000 to $1,091,500 over that period, CoreLogic data to March collated by...

Don't miss out, CLICK HERE to get up to date video education from Konrad Bobilak. Dear Property Investor, 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...

Don't miss out, CLICK HEREto get up to date video education from Konrad Bobilak. Here is what you will learn by watching this video: You have probably heard the old saying "land appreciates, and buildings depreciate", and I must say that if I had a dollar every time I heard this phrase at a seminar, workshop, radio or read in a book I would probably have a deposit for a good investment property in one of Australia's top suburbs. Finite all-encompassing statements like these have been thrown around in property investing for decades. It's a combination of folklore, vested interests, or just...

This article was originally published by Megan Miller on March 9, 2018 via Herald Sun. MELBOURNE’S inner north, inner west and CBD continue to be strong dining destinations, but Dandenong in the southeast and Laverton in the southwest are emerging as the next hot spots. Parkdale and Coburg are also among a list of seven suburbs identified in analysis by corporate giant PwC. Analyst Jonathan Cairns-Terry said their popularity was determined by accessibility via public transport and a ripple effect as higher rents in suburbs closer to the city forced food operators further out. “Not...

This article was originally published by CHRIS TOLHURST on MAR 4, 2018 via domain.com.au A worn-out house in Beaumaris that was marketed as a new home site soared $720,000 above reserve before selling for $3.72 million at a weekend auction. The strong result for the 1940s house on a 1111-square-metre block at 2 Point Avenue, near Ricketts Point, highlights how free-title properties with development potential are faring better than some period-style homes in the current market. On Saturday, several prominent Victorian homes that were affected by restrictive council heritage overlays failed...

This article was originally published by CHRIS KOHLER | DOMAIN BUSINESS EDITOR | MAR 4, 2018 | domain.com.au For the first time in living memory, young Australians are likely to be financially worse off than their parents, and it’s the fault of the now-extinguished house price boom. The boom, which saw house prices in Sydney soar 83 per cent in the seven years following 2010, handed a generation of homeowners hundreds of thousands of dollars in real, untaxed gains – a windfall likely to drive a new long-lasting wedge between the rich and poor. Specifically, homeowners that were 35-44...

This article was originally published by Samantha Landy on Feb 20th, 2018 via news.com.au MELBOURNE’S top public schools are spurring A-grade results on the property market, with houses in their zones commanding as much as $410,000 more than those just outside. Parents are coughing up the biggest property premium to put down roots in the South Yarra Primary School catchment, according to new Real Estate Institute of Victoria figures. Camberwell High was top of the class when it came to secondary schools. REIV president Richard Simpson said while Melbourne’s secondary zones had impacted...