Opinion on Melbourne Residential Market for 2014 – The year 2014 has been red hot in the residential sector of Melbourne. – When comparing median house prices from those of 2013, the results are as expected, jumping a staggering $91,000 in the median housing price, with an annual growth of 16.34% for the year […]
– According to the RP Data Home Value Index, the Melbourne median house price has surged by 9.3 % over the financial year 2013/2014 and 11.7% in the year to August 2014, coming in second after Sydney and proving strong house price growth. – While major banks claimed there is no bubble in the market, […]
– Best performing capital city: Sydney, +3.9 per cent – Weakest performing capital city: Hobart, -2.8 per cent – Highest rental yields: Darwin houses with gross rental yield of 5.9 per cent and Darwin units at 6.0 per cent – Lowest rental yields: Melbourne houses with gross rental yield of 3.2 per cent and Melbourne […]
– The overall Melbourne residential market has increased in the middle eastern and south eastern suburbs such as Camberwell, Burwood, Balwyn, Doncaster, Glen Waverley and Wantirna. – The market is currently experiencing strengthening conditions with moderate to strong price growth achieved due to increased buyer interest. – Purchaser interest has been influenced by the current […]
““Safe as”…Strong fundamentals from around the nation” Here are some highlights: – Property is generally considered to be one of the safest forms of investment. – This is due to a number of fundamental reasons common to all residential property markets. – First off the property market can be very forgiving when compared to other […]
