Latest News & Blog
The Melbourne suburbs where house prices rose most over five years revealed!
Dear Fellow Property Investor, Did you know that a mix of middle and outer Melbourne suburbs can be revealed as the city’s best performing over the past five years, after the house price medians grew as much as 40 per cent in some locales. Unit prices grew the most in Mitcham, where they jumped 21.3 per cent over the five years to $752,000. It was followed by Highett (19.6 per cent to $658,000) and Brighton (17.9 per cent to $1.2 million). Melbourne’s overall median house price rose 22.1 per cent in the same period. Although it remains below its peak, the market has somewhat improved in...
Melbourne’s median house price will surge more than $110,000 to an almost $1.16m record high in the next 18 months!
Dear Fellow Property Investor, A new report is forecasting Melbourne’s median house price will surge more than $110,000 to an almost $1.16 m record high in the next 18 months – the equivalent of $200 a day. Oxford Economics Australia forecasts that the price recovery will drive Melbourne’s median $1.04 million median house to jump 110,000, or 5.5%, close to $1.157 million by mid-2026, driven by an expected resurgence in migration from both interstate and overseas. And it’s not just house prices, unit prices will also reach a new record. According to the report, Melbourne’s median unit is...
Australia’s luxury homes have outperformed the market!
Dear Fellow Property Investor, Did you know that over the past decade, luxury houses have experienced a far stronger rate of growth than the rest of the market? Median priced houses have increased by 78 per cent. In comparison, houses priced in the top five per cent have doubled. A luxury house has been a good investment over the past decade. Will this strong performance continue? A big driver of luxury house price growth is simply land value. There are only so many properties you can build in our most expensive suburbs, which tend to be located close to beaches, bays and rivers. Anything...
Melbourne Property Market Update January 2024 – By Konrad Bobilak
Don’t miss out, CLICK HERE to get up to date video education from Konrad Bobilak.
Melbourne suburbs where apartments tripled in value over 20 years revealed!
Dear Fellow Property Investor, I realise that Apartments tend to get a bad rap when it comes to property investing. And rightly so…many Melbourne suburbs such as Docklands, South Bank, and Melbourne CBD, just to name a few, have proven a complete disaster when it comes to long-term capital growth, with many apartments underperforming the rate of inflation… But did you know that according to a recent CoreLogic report, Unit [Apartments] values in Blackburn South and Mont Albert in Melbourne’s inner east, Mulgrave, Dandenong North, Noble Park, Springvale and Springvale South in the...
Bank expert predicts Melbourne and Perth will clock the greatest price growth in 2024!
Dear Fellow Property Investors, Australia is facing two more years of house price growth, with two standout markets expected to jump the most, according to a bank expert. Melbourne and Perth will clock the greatest increases in house prices this year, Bank of Queensland chief economist Peter Munckton found in his new year outlook report. Depleted listings and few options for buyers will cap how far prices can decline, Munckton wrote in the BOQ's Housing Market Update. Prices will go up this year but not by the margins seen in 2023, he predicts. Munckton is not expecting interest rate cuts...
Sought-after Melbourne suburbs where house prices rose by double digits in 2023!
Dear Fellow Property Investors, A handful of Melbourne suburbs recorded double-digit property price increases over 2023, bucking the city’s wider trend of modest growth. Melbourne’s median house price median rose 2 per cent to $1,047,000 over the 12 months to December, and its unit price grew 4 per cent to almost $580,000 in the same period, the latest Domain House Price Report showed. In the ever-popular inner north suburb of Fitzroy, however, house prices increased 16.4 per cent to a median $1.63 million last year. Unit prices in neighbouring Fitzroy North also shot up over the year, up...
National Inflation is down to 4.3% which means that rate cuts are around the corner!
Dear Fellow Property Investor, New figures show inflation has slowed to a two-year low of 4.3% leading many to speculate there will be no need for further interest rate rises. Australian Bureau of Statistics figures for November, show inflation is down from 4.9% in October. This is down from a peak of 8.4% in December 2022. The Commonwealth Bank is tipping a drop in interest rates of nearly 1 percentage point by the second half of 2024. CBA chief economist Stephen Halmarick, believes cuts will start in September 2024, dropping rates to 3.6%. He also predicts a further 75 basis point drop...
CBA and Westpac forecasts 5% rise in Melbourne house prices for 2024!
Dear Fellow Property Investor, Did you known that despite all the Scaremongering by the largely uneducated media, the Australian real estate market showed defiant resilience in 2023, with combined housing index for all capital cities growing by 8.3% for the year ending 2023! How dare it! And yes, I must admit that 2023 was a test of resilience for housing values and financial stability more broadly. The performance of the housing market has been stress tested under the pressure of climbing interest rates, stretched affordability and the transition of many mortgage holders from low fixed...
Property values in Melbourne are now rising in four out of five suburbs. Can it last?
Dear Fellow Property Investors, Property values are rising in four out of five suburbs around the country, as the property market upswing broadens despite rising interest rates. But the pace of growth has started to slow in Sydney and Melbourne, and last week’s interest rate hike casts a cloud over the outlook for the market. Values rose over the past three months in 83.1 per cent of house markets analysed and 80.6 per cent of unit markets, CoreLogic research found. Sydney recorded rises in 91.4 per cent of house markets and 87.4 per cent of unit markets over the past three months to...