Toggle Menu Header

Victoria

Latest Trending Popular This Month
Royal

Royal

Melbourne
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
0 Reply 8 Views 10Hr ago
Brian

Brian

Sale
If the buzz surrounding the Australian Open has you wanting to hit an ace, imagine having your own backyard tennis court to practice on. Here are the top three properties on the Gold Coast with tennis courts.IF the Australian Open has you wanting to hit an ace, imagine having your own backyard tennis court to practice on. Here are three of the best properties on the Gold Coast market with tennis courts: 1. A tropical oasis awaits at 44-48 North Point Ave, Kingscliff.Price: $6.995 million This is unique because it is the only property available with a tennis court on the beachfront between Byron Bay and the Gold Coast 2. 11-19 Hidden Court, KingsholmePrice: $1.795 million The northern Gold Coast is home to many acreage retreats so it’s no surprise to find a luxury hideaway complete with a tennis court.On top of a ridge and offerings views to Moreton Bay and Stradbroke Island is a resort-style five-bedroom property on the market at $1.795 million. 3. 1 Winchester St, SouthportAuction: February 2 The European-inspired estate features a raft of luxury features including a pool, tennis court, two gazebos and a dining pavilion. For more informationx Top three houses for sale on the Gold Coast with t... If the buzz surrounding the Australian Open has you wanting to hit an ace, imagine having your own backyard tennis court to practice on. Here are the top three properties on the Gold Coast with tennis... www.realestate.com.au
0 Reply 23 Views 7D ago
InvestAus

InvestAus

Melbourne
Melbourne, along with Sydney, emerged as 2019’s big winner in terms of property market performance after it has witnessed one of the fastest recovery cycles this year. Will the Victorian capital fare just as well in 2020? CoreLogic’s head of research Tim Lawless noted that Australia saw housing values bouncing back rapidly over the second half of the year, led by Sydney and Melbourne where values are around 9.5 per cent higher since finding a floor in May. The premium value suburbs of Melbourne and Sydney, in particular, were the biggest winners of the year. “In fact, amongst the top 10 best-performing suburbs for growth, seven were located in Sydney or Melbourne and show a median value of at least $1.1 million,” Mr Lawless highlighted. Moving forward into 2020, property markets are likely to remain in “recovery mode” as prices catch up and eventually overtake previous record highs. However, the rapid increase in capital gains may lose steam as stock levels rise, affordability declines and the labour market weakens. Still, the pace of growth will remain positive, albeit slow. Building approval may also trend higher as housing demand rises, with lower interest rates, first home buyers and property investors supporting housing demand. Details inside:x Property market update: Melbourne, December 2019 Melbourne, along with Sydney, emerged as 2019’s big winner in terms of property market performance after it has witnessed one of the fastest recovery cycles this year. Will the Victorian capital far... www.smartpropertyinvestment.com.au
0 Reply 14 Views 11D ago
No more post available
12 online
Joshua
Pankaj
Justprop Team member
Jatinder Pal Singh
Simon
and more ...