Latest News & Blog
Melbourne ‘Key’ Suburbs are BOOMING! As the pool of million-dollar suburbs swells.
Dear Fellow Property Investor, The number of suburbs where homes are worth at least $1 million has jumped by 10.6 per cent to 806 since values bottomed out in February, reflecting the unexpectedly sharp rebound in the housing market, data from CoreLogic shows. While only four suburbs joined the million-dollar club for the first time, 81 have re-entered in the past 12 months, buoyed by the 4.1 per cent increase in house prices since February. Eliza Owen, CoreLogic head of research, said the pool of million-dollar homes could expand in the coming months as property prices rise. “As long as...
[NEW VIDEO]: Melbourne’s Off-The-Plan apartment prices to raise by 25% in 12 months
![[NEW VIDEO]: Melbourne’s Off-The-Plan apartment prices to raise by 25% in 12 months](https://investorsprime.com.au/wp-content/uploads/2023/09/Melbourne-Off-plan-apartments-video-image.png)
Don’t miss out, CLICK HERE to get up to date video education from Konrad Bobilak. Off-the-plan apartment prices in some Melbourne suburbs could go up by as much as 25 per cent over the next year as developers adjust pricing amid rising costs and increasing demand, property advisory firm Charter Keck Cramer says. “Prices will recalibrate upwards, and I think in about 12 months, it’s going to be across the entire Melbourne apartment market,” said Richard Temlett, Charter Keck Cramer’s national executive director. “In certain areas, depending on the developer and project, buyers can expect...
Australian Median House Prices have increased for five consecutive months!
Did you know that according to the latest CoreLogic’s national Home Value Index (HVI) rose 0.7% in July marking a fifth consecutive month of housing value recovery? The recent five consecutive increases look like this; July 2023 + 0.7% June 2023 + 1.1% May 2023 + 1.2% April 2023 + 0.5% March 2023 + 0.6% Plus inflation is tracking at 6% per annum, putting even more pressure on the currently escalating property prices! Let me ask you something… Do you have a game plan for 2023? Or will you watch savvy, educated, market-ready investors snap up all the bargains at the bottom of the Melbourne...
[NEW VIDEO]: The Importance of having a building inspection completed on your next investment property
Don’t miss out, CLICK HERE to get up to date video education from Konrad Bobilak. Choosing the right building and property inspection company can be difficult with so many options out there. From one-man bands to national franchises, every company is structured differently and makes all sorts of marketing claims. As a Melbourne homeowner it can be difficult to decide who to engage to give you the peace of mind you need for one of your biggest life decisions. We have boiled down a few key reasons as to why Landmark is your best choice. 30+ YEARS EXPERIENCE MATTERS Having a team of...
The Melbourne suburbs where rents soared up to 45 percent in 2023!
Dear Fellow Property Investors, Inner-city Melbourne renters have been slugged with the biggest rent increases in the city, with asking rents climbing as much as 45 percent in some suburbs. Experts say rents are rising at an alarming rate, while inner-city tenants say the prospect of paying more money to their landlords than they can afford keeps them up at night. Units had the biggest spike by far – rents soared by 45 percent in Melbourne’s CBD over the past 12 months to a median $580 a week, 33.8 percent in West Melbourne, and 31.4 percent in Carlton, Domain data shows. Asking rents for...
[NEW VIDEO]: How To Crunch The Numbers On Your Next Investment Property In 2023
Don’t miss out, CLICK HERE to get up to date video education from Konrad Bobilak. Dear Fellow Property Investor, One of the most important aspects of building and structuring a large residential property portfolio is to start with the end in mind. That is, you must have an exact strategy or Blue-Print that is concise and all-encompassing before you start investing in property. Many investors get into a lot of trouble because they simply never clearly articulated and mapped out a concise strategy to begin with. Or they end up buying the wrong type of property, such as a serviced apartment...
Australia’s Housing Shortage Crisis Worsens: Australia adding one person every 47 Seconds…
Dear Fellow Property Investor, A recent Domain analysis shows that Australia will need to add 497,984 dwellings to Australia’s housing stock to accommodate the 1,235,000 projected net overseas migrants projected to arrive in Australia over the four years to 2022-26: That equates to 341 new homes required every day for four years! In reality, Australia would need to build more than this level to account for homes lost through demolition. Interestingly, the ABS’ population clock shows that Australia is currently growing by one person every 47 seconds, driven by one person arriving to live...
Australia’s Home buyers refuse to surrender to RBA, as prices begin to surge!
Dear Fellow Property Investor, The Reserve Bank of Australia’s (RBA) unprecedented monetary tightening, which has seen the largest and sharpest rise in interest rates in Australian history, has done little to curb home buyer enthusiasm. CoreLogic recorded the strongest preliminary auction results in three weeks, with 73.8% of homes taken to auction nationally returning a successful result. It was also the eighth consecutive week that a preliminary clearance rate of 70% or more was recorded: Sydney recorded a preliminary clearance rate of 78.7%. This was 4.2% higher than last week’s result...
[NEW VIDEO]: The Challenges Faced By Melbourne’s New House And Land Estates (Tarneit & Truganina)
![[NEW VIDEO]: The Challenges Faced By Melbourne New House And Land Estates (Tarneit & Truganina)](https://investorsprime.com.au/wp-content/uploads/2023/06/House-and-land-trap-video-image.png)
Don’t miss out, CLICK HERE to get up to date video education from Konrad Bobilak. Tarneit, Truganina commuters call on Victorian government to 'urgently' invest in train stations. ABC Radio Melbourne - Posted Tue 1 Mar 2022 at 7:13am When Mohit Tyagi and his wife bought land in Tarneit in 2016 they were told a train station would be built a few hundred metres from their new home. Six years later, not only is construction yet to begin, there is no funding committed or concrete plans to build the train station. When the Victorian government built the Regional Rail Link it made provisions to...
A ‘Double-dip’ correction is predicted for Australian house prices…
Dear Fellow Property Investor, Did you know that new modelling from ANU’s Centre for Social Research and Methods predicts the Reserve Bank of Australia’s (RBA) most recent 0.25% rate hike will make Australia’s mortgage repayment burden the heaviest in history. Home owners will, on average, be forced to stump up a quarter of take-home pay towards mortgage repayments. Last week’s rate hike means that mortgage holders will be paying on average 50% more than they did pre-pandemic. ANU Associate Professor, Ben Phillips, said that “mortgage costs as a share of income are at their highest since...