Pros and Cons of investing in apartments
So you want to invest in real estate? Congratulations. It’s a big step and an exciting one. Real Estate has made many Australians wealthy and you could be the next real estate millionaire. With this post, we wanted to briefly touch upon the relative benefits of investing in apartments whilst also being realistic and looking
Pets & Apartments: 6 Tips to Make It Work
Pets are an important part of the family. They can become an incredibly fulfilling part of your life. But having a pet when living in an apartment presents its own set of challenges. With this article, I want to share with you 6 tips that can help make apartment living with Pets work. Speak with
5 Key Benefits of Apartments Over Other Types of Living
Photo by Bench Accounting on Unsplash Apartment living has become popular with people the world over. With space in cities becoming ever scarcer, the popularity of apartment living is not expected to dwindle any time soon. Australia’s apartment scene has exploded over the past few decades. The 2016 census report on apartment living notes that apartment occupancy surged
Melbourne Homeowners Renting Out Car Parks to Pay Their Mortgage
If you’ve ever wished you had more access to car parking spaces around your home, then you’ll know how valuable an area to park your car in can be. Currently, it seems as though people in Melbourne are beginning to take advantage of that value, by renting their car parking spaces out to help pay
How to Find the Hidden Flaws in Older Apartments
Because many property buyers have been put off by all the news about defects in new building developments, there is now a renewed interest in older-style apartments. Previously, we discussed the kind of information you should seek out when you buy a new apartment. But what about older apartments? It’s not as if apartments built
Could a Car Park Rev Up Your Property’s Price?
Having a car park next to your apartment could add as much $200,000 in value to a one-bedroom apartment in Melbourne’s inner suburbs according to recent studies. Research has found that suburbs close to the CBD are the most likely to benefit from having a parking area nearby. However, it’s safe to say that any
Increasing Popularity of City Lifestyle Generates Influx of Melbourne Property Buyers
Buyers in Melbourne are becoming increasingly fond of condos; and city skyscrapers are not the only option on the menu. According to statistics from the Australian Bureau of Statistics, South Yarra and Hawthorn East were both hot spots in the year to August. There were 1332 individual units approved in South Yarra and 635 in
Introducing the Most Popular Suburbs in Melbourne
When it comes to investing in valuable real estate, location is everything. Now that Melbourne is finally facing a market turnaround, it’s important for locals to consider their options for neighbourhoods carefully. The suburb that you choose to create your home in today could make or break your chances of a profit in the future.
Rent Prices in Melbourne Drop for First Time in 7 Years
Rent prices for houses in Melbourne have fallen for the first time in 7 years, with new data showing that the median price has fallen by 2.3% to approximately $430 in the last 3 months. The fall was attributed to a larger number of transactions at the cheaper end of the market across all suburbs.
Melbourne Property Prices Begin to Rebound
The outlook of the Australian property landscape is growing progressively brighter according to recent reports from the Domain Quarterly House Price report. The most recent data reveals that the fall in house prices around Australia, in general, is easing significantly, with house prices slipping by only 0.4% during the June quarter. This follows a fall
Property Downturn Is “Well and Truly History”, with an East Melbourne Apartment Selling $1.18 Million Above Reserve
A modest East Melbourne apartment has flown $1.18 million past reserve in a recent shock auction sale. With a very exciting first bid of $1.6 million putting the two-bedroom Art Deco pad well above its $1.47 million reserve. And the price just kept rising from there to reach a promising $2.65 million sale. The auctioneers
House Prices Surge in Melbourne and Sydney
Sensational home price gains in Melbourne and Sydney over the last month are encouraging the national average dwelling values to move slightly higher. However, analysts are cautioning that the bump in August probably isn’t the start of a new boom. Capital home prices rose by around 1% in August, driven by 1.4% and 1.6% rises
What is Strata? The Basics
There are a lot of terms in the real estate world that can be confusing at first. Whether you’re an owner-occupier in a home or a property investor, these are the words that you’ll need to get used to using when making the most of your investment. One particularly common term that will appear in
Everything You Need to Know About Home Loan Interest Rate Discounts
When home buyers and investors start out on their property journeys, they can sometimes feel a little lost and confused when deciding on which mortgage is right for them. In today’s loan market there are a huge number of mortgage options, each slightly or dramatically different from the last. When applying for each home loan,
What to Expect for the 2019 Melbourne Real Estate Market
Melbourne’s property market looks to continue in the same direction for 2019, with another year of modest price falls, red tape on borrowing money and a continuing rise of housing developments appearing in the outer Melbourne suburbs. Experts are hoping the city’s surging population will put a floor under the declines as more new residents