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Tag Archive 'real estate'

According to the Real Estate Institute of Victoria, there’s not a huge difference in price growth between houses and apartments, although it’s not identical. Over the past ten years, median house prices have increased by over 100%, while median apartment prices increased by around 80%. The REIV graph below provides a great visual perspective. There […]

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Melbourne’s median house price has recorded its strongest quarterly price growth since 2013 to smash the $800,000 barrier for the first time, new data from the REIV shows. The citywide median increased 7.6 per cent in the first three months of 2017 to a record high $826,000 – up more than $55,000 on December figures. […]

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Indoor plants are well and truly back in favour. Just open any interior decorating magazine and you’ll quickly notice the abundance of lush greenery scattered throughout beautifully styled homes. Not only helping to bring the outside in, indoor plants are great at purifying the air and lifting an otherwise dull or uninviting space. Fiddle Leaf […]

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The Melbourne property market is driving a national spike in $2million+ property prices. Not that long ago, $1 million guaranteed the purchase of an exceptional family home – a property where you could settle in and expect to be comfortable for life, only looking to down size when the nest became empty. Over the past […]

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REIA recently released the REIA Real Estate Market Facts for the September quarter 2016 which shows that the weighted average capital city median price increased by 1.4% for houses and 1.6% for other dwellings. “The weighted average median house price for the eight capital cities is now $712,776. Reflecting the differing fortunes of state economies, […]

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At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. In Australia, the economy is continuing its transition following the mining investment boom. Some slowing in the year-ended growth rate is likely, before it picks up again. Further increases in exports of resources are expected as completed projects […]

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The 2016 spring property market is delivering everything home sellers desire: solid price growth, high clearance rates and strong buyer demand. September quarter median house figures published by the REIV also indicate a positive and growing market. Melbourne’s median house price increased 3.25% since June to settle at $740,000. The inner and middle suburbs were […]

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Young Investors

For several years now, there has been a significant focus on how difficult it is for young people to break into the property market. Compared to 30 years ago, there’s now twice as many Australians renting, and for many Generation Y’s now in their 20’s and 30’s, buying their own home is still an unattainable […]

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With Melbourne’s population predicted to increase from 4.6 million today to 8 million by 2051, pressure is mounting on the world’s most liveable city to accommodate increased demand for housing. According to the Victoria State Government, “Apartments provide our growing population with affordable and diverse housing options, and the high number of apartment buildings being […]

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At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. In Australia, the economy is growing at a moderate rate. The large decline in mining investment is being offset by growth in other areas, including residential construction, public demand and exports. Household consumption has been growing at a […]

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