The City of Stonnington last night approved two major developments. On the ex-Ojay site at 671 Chapel Street, South Yarra, Daniel Grollo’s Build to Rent platform Home is planning a 22-storey mixed-use tower – a small portion of which (352 square metres) is for education and community space to be
Our expat clients loved it and we bought it! After contacting many selling agents and attempting to buy a property while living overseas, our clients were referred to us by a past happy buyer. In one week, we inspected five properties in Bayside & Glen Eira. We arranged a FaceTime
As a buyer’s advocate in Melbourne, the biggest question I get asked by home buyers is, “Is it the right time to purchase a property?” It’s pretty understandable, given what is currently all over the news; the unpredictable property market, the interest rate rises and high inflation. We’ve seen it.
I was asked a few questions after The Block auctions by Domain editor Jessica Dale. “With four out of the five houses, we saw what’s actually happening in the market, where buyers were a little bit hesitant and weren’t really prepared to stretch dramatically. Read through this link; https://www.domain.com.au/news/the-block-2022-5-questions-to-come-from-the-auctions-1180545/ Industry
Workers in the medical, legal and education fields are among a growing list of professionals who can save thousands of dollars when applying for a mortgage with a deposit of less than 20 per cent. A variety of different lenders offer waivers to certain professions on lenders’ mortgage insurance (LMI),
CoreLogic reported a further fall in housing values through the first month of spring, with the national Home Value Index (HVI) recording a -1.4% decline in September. Although values continue to trend lower, the rate of decline eased from a -1.6% fall in August. The loss of momentum in the
The Victorian Government has established a dedicated taskforce focused on unfair practices in the property market, including underquoting and ensuring all Victorians have fair and easier access to purchasing a property. At a time when households are struggling with cost-of-living pressures, the taskforce will work to ensure property prices are
At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 1.85 per cent. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 1.75 per cent. The Board places a high priority on the return of inflation
Melbourne was host to 628 auctions last weekend (2nd July), down from 1,000 over the previous week and 1,073 this time last year. Of the 518 results collected so far, 56.8 per cent have been successful, the lowest preliminary clearance rate the city has seen since the week ending 19th
With the constant inflation and high-interest rates in Australia this year, many aspiring homebuyers are turning sceptical as to whether they should purchase a property in the current cooling market or play a waiting game until the economy shows stability again. In real estate, situations change like the seasons, and
Acknowledgement of Country Industry Insider respectfully acknowledges the Traditional Custodians of the land of which we work, the Bunurong Boon Wurrung and Wurundjeri Woi Wurrung peoples of the Eastern Kulin Nation and pays respect to their Elders past, present and emerging.
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