Melbourne was the second strongest performing property market in 2014, but as always the market was very fragmented. Overall, the Melbourne house market rose by 8.4 per cent but apartments only recorded a rise of 1.1 per cent as a result of high levels of supply; particularly in the inner city high rise market. The
I don’t think politicians will eliminate the negative gearing any time soon. I’ve previously written about why negative gearing should not be abolished, but recently I’ve come across another reason that gives me confidence that there won’t be any changes any time soon. Call me cynical, but when you read how many investment properties our
Melbourne’s property market continues to perform strongly with house prices now at record levels and up 19.5% over this latest growth cycle. The latest research by Onthehouse.com.au has revealed that Victoria is the second wealthiest state when it comes to residential property, with 12.4% of dwellings in the metropolitan area valued at over $1 million.
Is it time to lock in some or all of your loans into fixed rates? This is a question many property investors and home owners are asking with interest rates at the lowest they’ve been in decades and competition amongst the banks delivering us some very attractive fixed loan rates. How do you decide what’s
There are more apartments are being built in Melbourne now than at any time in the city’s history. Almost 6,000 dwellings have been completed or are set to be finished by the end of this year, nearly three times the annual average over the past decade, according to an article in the SMH who produced