apartments

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Melbourne rents surge to an all-time high

Recent data indicates that Melbourne's rent have surged to an all-time high, with increases for both houses & apartments. The median asking rent for houses increased by 2.5% over the March quarter to $390 per week, according to Domain Group's rental report released on Thursday.  Unit rents also increased by some 1.4% over the quarter [...]

City’s north under pressure from upsurge in new apartment developments

Rapid expansion in construction and high-rise development in the city's CBD and inner north threatens to destroy the quality of life and amenity for many local residents alike. With no fewer than 30,000 new residents predicted to live in eight city blocks bounded by Swanston, Victoria, Queen and Lonsdale streets - local resident, architect and [...]

Melbourne inner-city apartment supply showing no signs of slowing down

The Melbourne inner-city apartment market continues to surge with new supply hitting record levels.  In fact, according to a new report from research house BIS Shrapnel, new apartments in central Melbourne have surged with almost 6,600 apartments completed in 2014. What's driving this demand? Investor demand has remained strong since 2009 following the Global Financial [...]