Latest Property News

Victorian House Prices Stronger

By Peter Sarmas on 3 May 2013 No Comments

The latest NAB Quarterly Australian Residential Property Survey revealed that Victorian home owners and local industry experts are optimistic about the future of the state's housing market. According to the report, which surveyed around 300 panelists nationally, Victoria's housing market is set for clearer skies ...

Melbourne ‘Standout Performer’ For First Quarter

By Catherine Cashmore on 30 Apr 2013 No Comments

A clearance rate of 71 per cent has been recorded this weekend, which is quite a jump from last week’s revised 65 per cent – though some results are still pending. The latest median house data from Australian Property Monitors has indicated a 3.6 per cent rise for Melbourne’s median house price over the quarter, taking it to $538,922. Considering most economists had tipped Melbourne as a weak market due to inflated levels of housing supply ...

Are You Really Insured?

By Greville Pabst on 29 Apr 2013 No Comments

Unforeseen events can leave home owners and investors faced with the significant financial burden of an underinsured or uninsured property.But why do so many property owners fail to protect their most valued assets? For the majority, it is simply a case of not knowing what to insure their property for ...

Rating Your Home

By Danielle King on 28 Apr 2013 No Comments

As part of the Federal Government's strategy to reduce carbon emissions, homeowners and landlords will soon be required to disclose the energy efficiency of a home at the point of sale or lease. This requirement, known as Residential Mandatory Disclosure (MD), is currently being debated and was due to be passed into law by the end of 2012 ...

Melbourne Auction Prices Fetching Above Price Guides

By Catherine Cashmore on 26 Apr 2013 No Comments

The housing market in Melbourne is starting to relax into a pattern of relative consistency. Last week’s clearance rate was reduced to 68 per cent once all results had been collected. This week, a clearance rate of 66 per cent was recorded. For the year to date we’re still holding steady at 69 per cent ...

FHOG a Double Edged Sword

By Peter Sarmas on 23 Apr 2013 No Comments

Ahead of their state budget, the Victorian Government announced changes to the First Home Owner Grant (FHOG) as well as further concessions to stamp duty. According to the government, first home owners purchasing a newly constructed house or apartment will receive a $10,000 cash grant, effective July 1 ...

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