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
Underquoting is exceptionally frustrating for buyers and misleading to the market. It’s a slippery slope; once an agent starts underquoting properties successfully, it’s almost impossible for them to change their ways. Most buyers are upset because they waste time and money on completing due diligence, only to have their dreams
As we head into the final months of the selling period 2023, it’s become evident on several fronts how the market is currently performing. Quality renovated and new family homes that turn the key – move straight in that are priced well, are performing very well, and are selling under
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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