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Melbourne apartment buyers begin to embrace a ground-floor lifestyle
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....
More than 30 suburbs join Melbourne’s million-dollar club
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...
Rate cut to stimulate investors, worsen low stock levels: real estate agents
This article was first published via afr.com.au by Michael Bleby | Su-Lin Tan on Aug 2 2016. Image: Tuesday's rate cut- Likely to drive activity and worsen the problem of low stock levels. Michelle Smith Lower interest rates will stimulate activity in Australia's residential housing market, with cheaper money prompting more people to chase the already-limited stock of property on the market, agents say. Property listings are well down on their levels of a year ago and the central bank's decision on Tuesday to cut interest rates to a new record low 1.5 per cent will spur the...
Rate cut to spur house prices, sales
This articles was first published via The Australian August 3, 2016 by SAMANTHA HUTCHINSON Picture: Matthew Bond, at his home in Teneriffe, Brisbane, says he is considering buying an apartment at Burleigh Heads. Picture By: Lyndon Mechielsen Homeowners and potential home buyers throughout the country are capitalising on the Reserve Bank’s historic interest rate drop to buy new homes and extend their property holdings to beach houses and weekenders. Brisbane-based homeowner Matthew Bond will now cast his net to the holiday hotspot of Burleigh Heads on Queensland’s Gold Coast,...
WHAT CRASH? Property prices in Sydney and Melbourne continue to roar
This article was first published on businessinsider.com.au | DAVID SCUTT | AUG 1, 2016, 10:00 AM | Photo: Chris Ratcliffe/ Getty Images. Australian capital city house prices continued to push higher in July, according to latest data released by CoreLogic on Monday. The group’s Home Value Index rose by a further 0.8% last month, leaving capital city house prices up 6.1% from a year earlier. Not only are prices now at the highest level on record, they have now increased by 6.3% over the first seven months of 2016. According to CoreLogic, prices in Sydney,...
No end to home price growth
Image: This apartment at 93 Elizabeth Bay Road, Elizabeth Bay, sold for $5.8 million in July 2016, having been purchased for $3.51 million in July 2015. Source: afr.com This article was first published on afr.com | Aug 1 2016 Michael Bleby Su-Lin Tan Sydney and Melbourne house prices are on track for a fourth year of double digit growth as the strength of demand, and the shortage of supply, continues to confound property experts who predicted the boom would slow in 2016. When the Reserve Bank board meets on Tuesday to decide whether to cut the 1.75 per cent cash rate even...
With apartment towers booming, are once exclusive penthouses becoming passé?
This article was first published on domian.com.au Jul 29, 2016 by Emily Power Image: A double storey penthouse at the plush Queens Place apartment tower. Photo: FloodSlicer Long ago in Melbourne’s property market, before the apartment towers sprouted, the penthouse was as rare as it was expensive. Penthouses were then in short supply for prestige buyers with deep pockets and lofty desires, and concentrated in the CBD. But the apartment boom has meant plenty of penthouses, crowning new apartment developments from Malvern to Richmond and Brunswick. ...
Melbourne median house price jumps 1.5 per cent in June quarter 2016: Domain Group
This article was first published: Jul 21, 2016 Christina Zhou domain.com.au Melbourne’s house prices have hit a new record median of $740,995 after almost four years of growth, and there are no signs of relief for house hunters this year. House prices grew 1.5 per cent in the June quarter, bringing the annual rate to 7.4 per cent – the highest of all capital cities, according to Domain Group’s House Price Report, released on Thursday. The unit median price also grew 3.5 per cent over the June quarter, but just 2.7 per cent annually, to $450,933. ...
Property investors raise their bets
This article was first published by JAMES KIRBY | The Australia | 12:00AM July 23, 2016 Australian investors are concentrating their risks ever deeper in the housing market according to new data this week with almost one in 10 existing home loans now interest-only. The surge in property exposure comes as the concentration of power among the big four banks becomes ever greater with the Commonwealth Bank and its subsidiaries now controlling one in five home loans across Australia. The Melbourne Institute’s annual Household, Income and Labour Dynamics in Australia...
Melbourne’s fastest growing suburbs for house prices
First publish: domain.com.au Jul 23, 2016 by Christina Zhou Gone are the days where moving to the outer suburbs or going west presented an affordable way to buy a house. A clutch of traditional blue-collar Melbourne suburbs have clocked the strongest price growth across the city over the past year, with their house median jumping more than 20 per cent. Keysborough, 27 kilometres south-east of the CBD, is increasingly on buyers’ radar as they find themselves priced out of bayside and middle-ring suburbs. The house median has jumped 22.5 per cent over the past year...