Author: Guest Expert
Melbourne has become one of the most fast-growing capital cities in the past few years. After Sydney, it’s typically one of the most expensive places to live in Australia. However, there are some suburbs surrounding the Melbourne CBD that are more affordable compared to others. If you’re looking to find a bargain, now is one
If we think of the bluestone in Melbourne, we may first think of the famous cobbled laneways intersecting the urban grid. Initially, these laneways were used for the collection of night soil – human excrement collected at night from buckets or privies – and they are still useful routes for collecting rubbish and recycling bins.
Compared to the previous quarter, a larger majority of home sellers in Victoria believe prices will increase within the next six months. Last quarter, 4,156 Australian vendors were surveyed with respondents in Victoria having an optimistic view of the market. These results are based on the OpenAgent Consumer Sentiment Index, a proprietary index system that
With the Melbourne property market cooling down over the past year, you might be wondering whether it’s time to purchase a house. Based on new insight into housing affordability across Australia, an individual earning the average salary in Victoria would have to put the majority of their income towards mortgage repayments to afford an average
With property staying on the market longer and prices falling, it has well and truly become a buyers’ market in Melbourne. With more properties for sale than there are buyers, it becomes harder to get the highest possible price in a timely manner. However, this doesn’t mean you can’t take actions toward improving your chances
Many areas in Melbourne are increasingly becoming a hub for young professionals. Whether you’re a young professional yourself and trying to get your foot on the property ladder, or you’re looking to purchase an investment property to rent out to young professionals, the area you buy in is an important consideration. These 5 areas are
Take a quick drive through the city or across some of the surrounding suburbs, and you will see first-hand how much development is taking place in Melbourne. Moreover, it’s not just in the city. There is significant development of the outer-residential areas as well, to the tune of thousands that didn’t even make the list