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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 Melbourneâs most bulletproof markets.
www.news.com.au
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10 Views
12Hr ago
John
Sale
A HISTORIC Fingal Valley grazing property has hit the market for the first time since the original land grant in the 1820s. Cullenswood has been the home of the Legge family for two centuries including former Break O’Day Council mayor Robert Legge and his partner Jean. Colonel William Vincent Legge was born at the property in the 1840s.It is currently owned by Cullenswood Pty Ltd.Cullenswood is set on 2590ha of land across four titles and with 1300ha of arable land. The nine-bedroom homestead dates back to 1827 and was built from stone and timbers off the farm. Its gardens are home to some of the largest redwood trees in the Southern Hemisphere. Cullenswood also has its own roadside church, a local landmark dating back to 1847. Get more information fromx
Historic Cullenswood on the market for first time ...
This 2590ha Fingal Valley farm has a rich heritage and it offers everything that agriculture investors are looking for.
www.realestate.com.au
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17 Views
1D ago
Sam2018
Melbourne
Melbourne property prices have reached a record high, with metropolitan house values surpassing $850,000 for the first time.
The result comes after two consecutive quarters with growth of more than three per cent each, the Real Estate Institute of Victoria (REIV) reported.
December 2019 quarterly data revealed a 3.7 per cent increase in Melbourne house prices and 3.8 per cent growth for units – for the first time Melbourne unit values surpassed $630,000. Details inside:x
Melbourne property prices set record high after co...
Melbourne property prices have reached a record high, with metropolitan house values surpassing $850,000 fo...
www.9news.com.au
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15 Views
5D ago
Brian
Melbourne
Looking for something slimming this summer?
Australia’s thinnest skyscraper has just been completed.
Collins House measures just 11.5m wide at its narrowest point, but towers almost 185m high. The development by Golden Age Group and the Deague Group at 466 Collins St, Melbourne, is built on a 460sq m city block measuring 11.5m by 40m, meaning the 60-storey tower extends up from a site that’s about the size of a netball court. Detailed story:x
Collins House: Australia’s skinniest skyscraper ...
The first residents are squeezing into Australia’s skinniest skyscraper in Melbourne’s CBD — a 60-storey “leap of faith” built on a site smaller than a traditional suburban block.
www.realestate.com.au
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41 Views
6D ago
Royal
Melbourne
A pair of Melbourne satellite suburbs have been revealed as the Melbourne’s busiest property markets in 2019. These are the postcodes that had the most sales across the city in 2019. More homes changed hands in Pakenham (924) and Craigieburn (896) than in any other Australian postcode in 2019, new realestate.com.au data shows.This equated to more than 5.5 per cent of all homes in the fringe suburbs. Fellow affordable markets Point Cook (876 sales), Reservoir (657), Berwick (652), Tarneit (604), Werribee (602) and Sunbury (593) also had high housing turnovers last year.According to source Houses in the outer-southeastern postcode had become even cheaper over the past year, with the median shedding 6.5 per cent to hit $485,000. More detail herex
Melbourne's busiest property markets
A pair of Melbourne satellite suburbs have been revealed as the nationâs busiest property markets.
www.news.com.au
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22 Views
7D ago
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
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23 Views
7D ago
InvestAus
Melbourne
After falling more than 11% in 2018-19 the Melbourne property market has made the strongest recovery in modern history.
In a recent housing update, Westpac gave the following summary plus forecasts for the Melbourne real estate market…
Victoria’s price recovery has gained strong momentum with increases running at a double digit annual pace over the last 3mths and prices having now recovered over half of their correction.
However the detail is still more mixed with price performances uneven, turnover at low levels and listings showing a signifi cant overhang of unsold units. Read more:x
Melbourne Property Market – strong but uneven mo...
After falling more than 11% in 2018-19 the Melbourne property market has made the strongest recovery in modern history. In a recent housing update,...
propertyupdate.com.au
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19 Views
9D ago
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
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14 Views
11D ago
InvestAus
Melbourne
A gentrifying inner-city hub and a quiet "forgotten pocket" of the north are among the Melbourne suburbs set to soar in value, one of Australia's top real estate agents says.
Renowned agent John McGrath released his 2019 annual report on Wednesday and named Kensington in Melbourne's inner north-west as one of the hottest suburbs for buyers to target. Read more:x
Top five Melbourne suburbs for buyers: Famous agen...
Top real estate agent John McGrath has named the city's growth hot spots. Is your suburb on the list?
7news.com.au
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16 Views
11D ago
Royal
Melbourne
After months of decline, the Melbourne property market has recovered and stabilised for the most part of 2019. Will the new year see a significant comeback from Australia’s second-largest real estate market? According to Herron Todd White, 2019 was a year of two halves, and the May federal election was the turning point.The royal commission and the federal election had an impact on the property markets of Australia, especially Melbourne and Sydney, the biggest markets in Australia. Property was generally subdued for the most part of the year, until the third quarter, when the reductions and removal of serviceability criteria led to an uptick in the market. Median house prices in Melbourne increased greatly from the first to the third quarter of 2019.Melbourne and Sydney’s premium value suburbs emerged as the biggest winners of the year. In fact, among the top 10 best-performing suburbs for growth, seven were located in Sydney or Melbourne and showed a median value of at least $1.1 million. Read complete detail:x
Year in summary: Trends and predictions for the Me...
After months of decline, the Melbourne property market has recovered and stabilised for the most part of 2019. Will the new year see a significant comeback from Australia’s second-largest real estat...
www.smartpropertyinvestment.com.au
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46 Views
12D ago
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