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Rents to rise, supply to fall and renters ‘extremely concerned' about homelessness, says new report. Date: 22 Jun 23
Nearly 90 per cent of real estate agents in Victoria have had an increase in contact from landlords (residential rental providers) who are looking to recover increased costs as a result of the Victorian Government’s new and increased land tax on investment properties.And seven in 10 agents are reporting an increase in contact from rental providers looking to sell their properties, suggesting the state will see an imminent reduction of rental properties as investors leave the sector.The insigh...
Preliminary auction clearance rates hold above 70% in the face of higher interest rates and lower volume
The combined capitals hosted the quietest auction week since Easter, with six of the eight states and territories celebrating the Kings birthday long weekend. This week saw 1,040 capital city homes auctioned, down -42.7% from the 1,815 held last week and -24.6% below the 1,379 held this week last year. Capital City Auction Statistics (Preliminary) Of the 825 results collected so far, 72.4% returned a successful result. Despite remaining above the 70% mark, this week's preliminary c...
More than 40% of Australian house and unit markets record double-digit rent increase
Almost 1,700 Australian house and unit suburbs have recorded a rental increase of 10% or more in the past year, despite the pace of rental growth showing signs of easing. CoreLogic’s national rental index shows the rate of rental growth has softened slightly, with rents up 0.8% in May compared to the 0.9% and 1% increases in April and March respectively. CoreLogic Economist Kaytlin Ezzy said the slowdown in the monthly growth rate had contributed to a fall in the annual trend, which dip...
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We have partner up with ApartmentRUs to bring you the best property projects in Melbourne and Australia wide. Below are the list of apartments we have currently on sale in Melbourne. Check out https://www.apartmentsrus.online/melbourne for more detail information. Ovation @ Footscray | Montage @ Mont Albert | Toorak Rd @ Camberwell | The Warriston @ Brighton | The Docklands @ Docklands | Park Ave @ South Melbourne | Olea Homes @ Caufield North | Normanby @ Southbank | Le Papillon @ Temples...