Pain and Gain — Melbourne

Thursday, 22 March 2018 by

Over the December 2017 quarter, resales of Melbourne properties generated $5.246 billion worth of profits and $29.2 million in losses. These figures indicated that Melbourne generated 29.4% of total resale profits nationally over the quarter as well as producing 6.6% of total resales losses. Over the quarter, there were no resales at a loss in


The housing market in Melbourne stopped falling. Core Logic has released their newest housing market update for March 2018. You can also check out the local reports for Brisbane and Sydney. The Melbourne housing market recorded its third consecutive month on month decline in February, however, to date, the falls have been only slight and largely confined to the


There’s a new tax for Victorian property owners which became effective on January 1st 2018. In last year’s Victorian State Budget, a new Vacant Residential Property Tax was introduced and most property owners know nothing about it! This tax is charged at a rate of 1% of a property’s capital improved value. For example, if


For the second month in a row Melbourne dwelling values fell by -3.2% in January 2018 taking values -0.4% lower than their peak. Core Logic has released their newest housing market update for February 2018. You can check out the local report for Brisbane. After dwelling values surged 59% between February 2012 and November 2017, Housing affordability is