Latest News & Blog

This article was first published via domian.com.au on Aug 21, 2016 by Dr Andrew Wilson Image: Auctioneer Phillip Kingston puts 27 Augusta Street in Glen Huntly under the hammer Saturday, It sold for $2,575,000. Photo: Paul Jeffers     The Melbourne home auction market produced yet another strong result at the weekend and is primed to enter the spring selling season in its best shape for years.   Melbourne recorded a clearance rate of 77.7 per cent on Saturday, which was below the 79.7 per cent reported over the previous weekend, but higher than the 76 per cent recorded on the same...

This article was first published via theaustralian.com.au on 20th Aug 2016 by SCOTT MURDOCH Image: This replica French chateau in Brighton, a beachside suburb of Melbourne, comes with a $15.5 million price tag.   Wealthy expatriates are driving a resurgence in the top-end luxury Melbourne market where prices range sky high but agents say demand is currently unprecedented.   One of the highest priced houses on the market right now is 10 Glyndon Avenue, Brighton, a four-bedroom, four-bathroom replica French chateau that was built six years ago.   The house has been up for...

This article was first published on finder.com.au   Melbourne has been ranked as the world’s most liveable city, though the cost of actually living there hasn’t been taken into account.   The Economist Intelligence Unit annual ranking of the world’s most liveable cities has seen Melbourne come out on top for the sixth consecutive year. Adelaide ranked joint fifth place with Calgary, Canada, while Perth followed at seventh place.   Sydney slipped out of the top 10 rankings, falling four places since last year’s survey due to a “heightened perceived threat of terrorism”....

This article was first published via domain.com.au Aug 15, 2016 by Dr Andrew Wilson Image: The action heats up for the auction at 14 Benelong Street, Seaforth, on a ‘boom-time’ weekend.Photo: Brook Mitchell   Boom-time buyer momentum has returned in earnest to Sydney, with the auction market producing a remarkable result at the weekend, supercharged by lower interest rates and surging investors.   Sydney recorded its highest weekend clearance rate in more than a year and the second consecutive weekend spike since the Reserve Bank decided to cut interest rates to a record low 1.5 per cent...

This article was first published in afr.comby Nick Lenaghan Aug 14 2016 Image: This waterfront home at 35 Bonnefin Road, in Sydney's Hunters Hill, increased in value by $1.3 million in two years. Aimee Crouch   A Sydney house bought for $3.85 million two years ago sold for $5.15 million on Saturday as strong demand again outstripped measly supply in weekend auctions.   The auction of the four-bedroom home in the non-peninsula section of Hunters Hill set a local record. Nowhere is the supply crunch more apparent than in Sydney, where the volume of properties on the market is down...

This article was first published by SAMANTHA LANDY, Property reporter, Sunday Herald Sun August 13, 2016 Image: Nathan and Tahnee lived with Nathan's parents Wayne and Jayne Parle for 5 years so they could save money to buy a house. Picture: Jake Nowakowski   FIRST-home buyers are moving back in with their folks for up to six years to save for a deposit as real estate prices soar, a Sunday Herald Sun investigation found.   Buyers need almost $60,000 for the deposit, stamp duty and legal costs on a modest $400,000 home.   Only 23 Melbourne suburbs still have a median house...

This article was first published on domian.com.au on Aug 12, 2016by Paul Best. Image: JT Packer Park in Carnegie. Photo: Scott Barbour       It’s not a bad barometer of how a neighbourhood is faring in the housing market if an agency opens its doors in the suburb. But that’s exactly what happened in Carnegie, a quiet, respectable middle-ring suburb 12 kilometres south-east of the city. Local agency Gary Peer, celebrating 30 years of selling property across the south-east from offices in Caulfield North and St Kilda, recognised a market shift. Unsuccessful homebuyers in Caulfield,...

This article was first published via domain.com.au Aug 7, 2016 by Dr Andrew Wilson Image: Stephen Smith, of Marshall White, in action during the auction of the property at 17 New Street, Brighton. Photo: Craig Sillitoe         The Melbourne home auction market recorded a spike in activity on the weekend, following last week’s decision by the Reserve Bank to cut official interest rates.     Saturday’s strong 77.9 per cent result was higher than the previous weekend’s 75.7 per cent and the second-highest reported this year. The weekend result was just below the 79.5 per cent recorded...

This article was first published on domain.com.auAug 7, 2016 Christina Zhou Image: Larry Maloon, partner Kimberly, their 22-month-old daughter Savannah and their dog Fregie in the courtyard of their Malvern East apartment. Photo: Luis Ascui       Ground-floor apartments are no longer on the bottom of buyers’ wish lists as they chase a house-like lifestyle packaged in a smaller footprint.    They are becoming top choice for an ageing population and more people looking for a mid-point between a unit and a house as rising house price inches the backyard dream further out of reach....

This article and image was first published by BENN DORRINGTON, News Corp Australia Network August 4, 2016 5:20pm   STRATHMORE, Heidelberg and Parkdale are among Melbourne’s latest million-dollar suburbs, with the exclusive club swelling 52 per cent over the past year.   There were 36 new suburbs that notched a median house value of more than $1 million, taking Melbourne’s total to 102, according to CoreLogic RP Data.   SCROLL DOWN TO SEE THE FULL LIST   In 2015, there were 67 suburbs with million-dollar price tags and 53 the year before.   CoreLogic RP Data senior...