melbourne

/Tag:melbourne

What’s all this talk about a property bubble in Australia? Evidence may suggest otherwise.

There's been a lot of talk about a property bubble lately, but is there real evidence to support such a case? Leading economists from across Australia have weighed in with their opinions, and the overwhelming majority have predicted quite the opposite to the barrage of headlines making waves across media outlets in recent months. In [...]

New million dollar suburbs propping up

Melbourne has 17 new suburbs with a million-dollar median house price, latest data from the Valuer-General reveals. One council in particular seems to be growing steadily in value, and that's the Glen Eira council - which welcomed four new suburbs into the million-dollar club in 2014. Those include Caulfield, Bentleigh, Glen Huntly, Ormond & Caulfield [...]

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 [...]

Melbourne residential market has highest growth over past quarter

 RP Data's latest February CoreLogic Data Home Value Index results have shown that dwelling prices in Melbourne rose at a greater rate over the past three months than in any other capital city.  Along with strong auction clearance rates of late (80% over the past weekend), Melbourne's strong residential market is placing sellers in good [...]

Melbourne to Become As Dense as World’s Most Crowded Cities

Melbourne is slowly becoming denser than some of the world's most crowded cities, a leading industry report reveals.  The report produced by Oliver Hume Real Estate Group has revealed that Melbourne's increasing level of new projects and high-rise developments is putting the city ahead of the likes of Hong Kong, New York & Tokyo in [...]