A global city needs world-class road and rail projects to keep up with population growth. This infrastructure helps increase productivity and helps keep Melbourne in the running for one of the world’s most livable cities. In this article, we mention three infrastructure projects that will have an impact on house
Whether you’re looking to buy your first home or your tenth home, interest rates will play a big part in your decision-making process. Back in the 1990s, borrowers were paying as much as 17 per cent interest. Fast-forward to 2000, and the average interest rate was a little over 8
The Melbourne residential property market is currently witnessing an absolute perfect storm in favour of the seller. House prices are rising, and the following factors are directly influencing market sentiment and growth. Higher Demand Record Low SupplyRecord Low-Interest Rates (2%)Stamp Duty IncentivesFirst Home Buyer IncentivesNew Construction IncentivesHigher than average savings
Buyers considering making a pre-auction offer must first understand the agent’s rules of engagement. The rules of engagement are set by the selling agent and auctioneer who is representing the owner of the home. Also known as the (vendor) Too often, buyers mistakenly assume that by making a pre-auction offer,
As we look back on the period between 2014 – 2017, we witnessed property investors flock to the market. We watched property prices in Sydney & Melbourne reach double-digit annual growth. The headlines were all about how “Investors were outbidding first home buyers” and shattering the great Australian dream for
Melbourne’s house and apartment prices have transitioned from bottoming out, to now trending in the other direction. Since the late 2017 market peak, the property market has had a tough time, but prices are now rising again. While homes are getting more expensive, the supply continues to dwindle. This is
What you need to know when downsizing your home Regardless of your lifestage – whether you’re a baby boomer, empty nester or just someone looking for a lifestyle change – the idea of selling your family home can be daunting. The memories it contains and the comfort of staying put
Many facets work together to add overall value to a suburb, including public transport, amenities and popular attractions. One often overlooked element that can add considerable value to your property: proximity to outstanding public schools. Why do excellent public schools hold such influence over a suburb’s value? It all comes
On 4 February 2019, the final report of the banking royal commission was delivered. Commissioner, Kenneth M. Hayne, made recommendations that relate specifically to the home loan mortgage industry. Importantly, the Commissioner has suggested changes that seek to strengthen existing regulations and promote cultural change. These recommendations impact everyone from
With the 2019 federal election on the horizon, changes to the negative gearing policy have become a frequent topic of discussion. Introduced in the 1980s by the Hawke government to encourage Australians to populate the housing market with rental properties, the policy did its job. Unfortunately, more than 35 years
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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