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Melbourne‘s bulletproof suburbs where sellers are making bank

Peace of mind is essentially assured for homeowners in the Macedon Ranges, Moorabool, Melton and Wyndham, with new research identifying the fringe regions as Melbourne’s most bulletproof markets. Not one seller lost a cent on a house or unit deal in a region on Melbourne’s fringe for most of last year, and vendors in several other areas also made stellar profits. See our bulletproof suburbs. This was the case for the previous two quarters as well.Vendors in Moorabool, Melton and Wyndham enjoyed almost flawless profitmaking rates above 98 per cent in the September quarter, and those in Casey, the Mornington Peninsula, Frankston, Cardinia, Banyule and Hobsons Bay, above 97 per cent. Across greater Melbourne, 93 per cent of homes sold in the period for more than their owners originally paid.This was up from 92.2 per cent in the previous quarter, but down from 95.2 per cent a year prior. Sellers in the Casey region remarkably earned the biggest total profit by value in the September quarter: a combined $621.23 million. Those in blue-chip Boroondara made the highest median profit of $571,500 per sale. A “weak performance of unit resales” made the CBD Melbourne’s least profitable market. Almost 33 per cent of homes sold for less than the vendors paid for them, equating to a total loss of $69.85 million. Citywide, CoreLogic found Melbourne houses had a higher profitmaking rate that units, at 96.6 per cent versus 85 per cent. BULLETPROOF SUBURBS Macedon Ranges: 100% of sales made a profit / $380,000 median profit / $71.55m total value of profit.Moorabool: 98.9% / $219,500 / $54.1mMelton: 98.3% / $225,000 / $267.33mWyndham: 98.2% / $291,450 / $456.89mCasey: 97.4% / $288,500 / $621.23mMornington Peninsula: 97.4% / $321,000 / $597.86mFrankston: 97.4% / $244,000 / $327.43mCardinia: 97.4% / $235,000 / $218.33mBanyule: 97.3% / $393,500 / $253.65mHobsons Bay: 97% / $282,000 / $189.98m Source:x Bulletproof suburbs where sellers are making bank Peace of mind is essentially assured for homeowners in the Macedon Ranges, Moorabool, Melton and Wyndham, with new research identifying the fringe regions as Melbourne’s most bulletproof markets. www.news.com.au
Royal
Royal
5Hr ago 7 Views

Affordable Adelaide: Get the best of city life without the big price tag

Want to be near the city but can’t afford the CBD’s median $450 per week in rent? Relax, we’ve got you covered. Here are the 10 cheapest suburbs to rent in within 10km of town. THE city has always been a huge drawcard for renters attracted by its employment, educational and lifestyle opportunities.But living in a capital city often carries a price tag that puts it out of reach of many. In Adelaide’s case, that median price is $450 per week for houses, and $440 per week for units, according to real estate.com.au. New data from realestate.com.au reveals the 10 most affordable rental suburbs within 10km of Adelaide. And Adelaide’s northern and western suburbs dominate the list, with seven of the 10 located there. The average of the 10 SA suburbs is $348, making it the second cheapest city in the nation to live within 10km of the city.Only Western Australia is more affordable, at $328.50.In Sydney it’s a staggering $647.50, while in the NT it’s $488.80. read more detailx Affordable Adelaide: Get the best of city life wit... THE city has always been a huge drawcard for renters attracted by its employment, educational and lifestyle opportunities. www.news.com.au
Royal
Royal
5Hr ago 5 Views

Brisbane’s Cheapest rental suburbs near CBD

Revealed: Brisbane’s cheapest rental suburbs near the CBD.TIME is running out for tenants to pay cheap rent and live close to Brisbane’s CBD, with the city fast turning into a landlords’ market. Rents are on the rise and vacancies tightening in the river city, but savvy tenants still have a window of opportunity to bag a bargain close enough to the big smoke without having to sacrifice lifestyle. The most affordable suburb to rent a house within that radius in Brisbane is Rocklea, 9km south-west of the city centre, where the median weekly rent for a three-bedder is $365. There are currently 15 properties for rent in Rocklea, with the majority being freestanding houses, townhouses and units.Chermside in Brisbane’s north also offers tenants bang for buck with a median rent of $390.The suburb is also 9km from the CBD, but has a Westfield shopping centre at its doorstep, along with plenty of transport options. The latest data released by SQM Research reveals asking rents for houses in Brisbane increased 0.9 per cent in December to $473 a week – that’s 3.4 per cent higher than they were a year ago.The rental vacancy rate increased slightly during the month, but is still tight at 2.9 per cent, and lower than the 3.2 per cent recorded the same time last year. source:-x Revealed: Cheapest rental suburbs near Brisbane CB... TIME is running out for tenants to pay cheap rent and live close to Brisbane’s CBD, with the city fast turning into a landlords’ market. www.news.com.au
Royal
Royal
5Hr ago 4 Views

Ready to buy home hunters hit record high in Australia

THE number of people wanting to buy a home has hit a record high, with hundreds of potential buyers flooding through the doors of the first Brisbane open homes of 2020. Home hunters hungry to purchase property have pushed buying intentions to a record high.Data from the nation’s biggest bank reveals early signs of a positive ‘wealth effect’ in the housing market and suggests the residential construction downturn should reach a bottom mid-year. Home values in Brisbane have been slowly increasing since May, following the re-election of the Coalition government, interest rate cuts and the loosening of lending criteria by APRA. Home building in the Queensland capital is also turning a corner, up 3 per cent in the September quarter — the highest growth in the country, according to the Bureau of Statistics. more detail herex Ready-to-buy home hunters hit record high: CBA THE number of people wanting to buy a home has hit a record high, with hundreds of potential buyers flooding through the doors of the first Brisbane open homes of 2020. www.news.com.au
Royal
Royal
5Hr ago 5 Views

Secret to property investment success for real estate investors

Why real estate investors should consider multiplying their assets? Real estate investors who stop at one property will have a tough time trying to achieve their financial dreams, specialists say.Property investment is a popular pastime for more than two million Australians, but if you want it to grow you riches you need to treat it as a business instead. Here’s why.Real estate investors who stop at one property will have a tough time trying to achieve their financial dreams, specialists say. The latest Australian Taxation Office data shows 71 per cent of the nation’s 2.15 million landlords have just one property. Nineteen per cent have two properties, 6 per cent have three and less than 1 per cent – about 20,000 people – have more than six. Metropole Property Strategists CEO Michael Yardney said investors who wanted an extensive portfolio should treat it as a business rather than a hobby, and needed a business plan and finance strategy.“To obtain financial freedom an investor would need to own their own home debt-free plus have the rental income from a number of investment properties – three or more,” he said. See detail:x Secret to property investment success Real estate investors who stop at one property will have a tough time trying to achieve their financial dreams, specialists say. www.news.com.au
Royal
Royal
5Hr ago 7 Views