When it comes to capital growth, understanding market value is essential. But unlike the share market, where prices are transparent and constantly updated, the market value of a property is a more nuanced concept than a fixed figure. Ask any experienced real estate professional, and they’ll tell you that everyone
The Melbourne property market has just witnessed a historic moment with the rumoured sale of Coonac, an iconic Toorak estate, reportedly fetching between $125-140 million. This deal would make it the most expensive residential property ever sold in Australia, surpassing Sydney’s previous records and solidifying Toorak as the pinnacle of
Melbourne’s luxury real estate market has experienced significant activity, with notable sales and some high-end properties lingering for many months. Record-Breaking Sales A standout transaction was the sale of a Toorak mansion at 2 Macquarie Road, which sold for approximately $72 million. This sale set a new record for the
A Historical Perspective on Home Loan Interest Rates in Australia For anyone involved in real estate, understanding the historical trends in home loan interest rates is crucial for informed decision-making. Whether you’re a property buyer, investor, or professional in the property sector, the shifts in interest rates provide insight into
99 Hotham Street, East Melbourne Standing as one of East Melbourne’s most iconic homes, Halloween c.1880 is a property that seamlessly marries historic grandeur with modern sophistication. Recently transformed by renowned architects Elenberg Fraser and built to perfection by Krongold Constructions, this heritage mansion has been reimagined as the ultimate
The Mornington Peninsula has long been a sought-after destination for those looking to invest in lifestyle properties, and its popularity soared during the Covid period. But with higher interest rates, land tax changes, uncertainty in the Victorian economy, and geopolitical tensions, many clients are asking: Is now the right time to
If you’re looking to take your lifestyle to the next level—quite literally—two stunning new penthouses in Armadale are setting the standard for luxury living in Melbourne. These residences, perched atop boutique buildings, offer more than just beautiful interiors; they promise an elevated way of life. Think high-end design, panoramic city
In the year to date, Australia has faced a challenging set of economic conditions. At the moment, the economy is relatively soft, as the Reserve Bank of Australia (RBA) remains focused on reducing inflation and wage growth. “That process does look like it’s working – inflation has come down,” says
Have you heard of the reverse ripple effect? What does it mean, and how will you take advantage of it? In 2017, the Melbourne market was flying, and borrowing rates from the bank were around 4-4.5%. Fear of missing out was in play, and sellers had the advantage. Case in
As winter sets in and we approach the EOFY, I am sharing my unfiltered thoughts on the macro level of the Melbourne Property Market. A projected 6 million people will be living in Melbourne by 2031-32, and this will see us overtake Sydney as Australia’s largest capital city. Here are
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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