Search Results for: melbourne
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INDUSTRY NEWS
The Block serial buyer Danny Wallis to offload his 11 Victorian properties
One of the biggest buyers on The Block, Danny Wallis, is set to sell all of Victorian investment properties, with new taxes and regulations making it untenable for the investor.
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INDUSTRY NEWS
Confidence returns as auction volumes hit a 19-month high
Vendors have been busy trying to sell their properties before the Christmas break, with capital city auction volumes surging to a 19-month high.
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INDUSTRY NEWS
Renters facing a tight changeover period as vacancy rates remain low
The traditional summer changeover period is shaping up as an incredibly challenging period for renters with the latest vacancy data showing supply remains at record low levels.
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INDUSTRY NEWS
Australia’s most viewed properties in 2023
A chapel with a graveyard, a fixer-upper with 19 bedrooms, a house from The Block, an abode with a Raffles Hotel bar and a breathtaking rural property were among the most viewed homes on Domain this year.
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INDUSTRY NEWS
What buyers want – granny flats, sheds, new homes and a study
Sydney buyers want granny flats, Melbournites are looking for new builds, while over in the west, the humble shed is high on people’s wish lists.
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INDUSTRY NEWS
Two-thirds of buyers and renters want energy-efficient homes
Increasing energy costs are leading homebuyers and renters to turn towards energy-efficient homes according to a new report.
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Celebrity Homes
Melbourne crypto king splashes $70 million on New York home
Bijan Tehrani, a Melbourne-based entrepreneur known for his crypto casino business, has acquired an iconic New York townhouse for more than $70 million.
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INDUSTRY NEWS
Sea change out, tree change in: Australians flock inland for an affordable lifestyle
Buyers are swapping the beach for the bush when it comes to relocating to more affordable regional areas, new research reveals.
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INDUSTRY NEWS
Buying beats renting in over a third of Australian homes
Rent growth over the past 12 months means it’s still cheaper to buy than rent more than one-third of Australian homes.
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INDUSTRY NEWS
Falling prices in some suburbs make it easier to buy in Sydney and Melbourne
With interest rates rising, buying conditions remain tough however, there are still locations where people can find both affordable and livable locations according to a new report.
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Elite Agent
How ethics and empathy built Daniel Harris’s real estate career
Daniel Harris’s real estate philosophy is simple.
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Elite Agent
Why further RBA interest rate hikes are less likely now than even 1 week ago
Since Australia’s Reserve Bank hiked interest rates two weeks ago, there have been two important developments – one in the United States and the other in the United Kingdom.
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INDUSTRY NEWS
Sydney’s blue-chip suburbs see values grow by more than $2 million in 10 years
The premium Sydney locations of Manly, Mosman and the Eastern Suburbs have seen home prices surge over the last decade with values up by more than $2 million.
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INDUSTRY NEWS
Listing levels back on track nationally
New listings surged in October, rising 17 per cent month-on-month nationally, according to the latest PropTrack Listings Report.
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INDUSTRY NEWS
Remote investing surges as investors head to WA
Remote investing has taken off in 2023, with the distance between where landlords live and where they invest almost doubling compared to last year.
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INDUSTRY NEWS
Property values rise in more than 80 per cent of markets
The Australian property market continues to build steam, with new data showing 82.4 per cent of house and unit suburbs recorded a jump in values in the past three months.
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INDUSTRY NEWS
Victoria’s new ‘granny flat’ reforms to boost housing supply
New secondary dwelling reforms introduced by the Victorian Government will likely boost housing supply by around half a per cent according to new research.
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INDUSTRY NEWS
DocuSign and WhatsApp collaboration to streamline property deals
DocuSign has integrated with the world’s most popular messaging platform, WhatsApp, which will enable smoother, faster real estate deals.
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INDUSTRY NEWS
“Fundamentally broken” rental market crushing low income earners
Low income earners continue to be the hardest hit from the ongoing rental crisis, with renters in Sydney, Hobart and Canberra all but priced out of the market.
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INDUSTRY NEWS
Office market declines approaching GFC level
The decline in office assets is approaching GFC levels, with the outlook for 2024 looking “rough” according to an expert.
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INDUSTRY NEWS
Secret payouts for properties stretching to centre of the Earth
In a quirky legal twist, dozens of homeowners who live above the troubled $10.8 billion West Gate Tunnel project have secretly won a multimillion-dollar compensation payout because their land titles extend to the centre of the Earth.
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Celebrity Homes
Greene with envy: Toby’s Drummoyne home hits the market
AFL star Toby Greene is selling his Drummoyne residence as he and his partner, Georgia Stirton, anticipate the arrival of their first child.
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Elite Agent
Nerida Conisbee: Regional Australia house prices return to growth
It is hard to find a capital city suburb that is not recording price growth.
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FRANCHISE NEWS
Linc Property to provide a mobile agency for Melbourne’s south east
With 17 years’ real estate experience, Victorian agent Lincoln Scott had long considered the idea of starting his own agency and now that concept has become a reality with the launch of Linc Property in Melbourne’s south east.
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INDUSTRY NEWS
National vacancy rate hits record low… again
The national vacancy rate has hit a new record low of 1.02 per cent, according to PropTrack’s latest Market Insight report.
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INDUSTRY NEWS
Immigration surge putting short-term pressure on rental markets
The flood of overseas migrants is putting the rental market under extreme pressure in the short term and the Government needs a more consistent long-term target according to an expert.
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INDUSTRY NEWS
Cup Day rate rise: RBA lifts interest rates to 4.35 per cent
The Reserve Bank of Australia has lifted interest rates for the first time in five months, hiking the cash rate 25 basis points to 4.35 per cent, which is a 12-year high.
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INDUSTRY NEWS
Auction volumes hit an 18-month high as confidence returns
Spring selling season has seen a surge in the number of vendors taking their properties to auction as confidence comes back to the market.
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INDUSTRY NEWS
Tough conditions for buyers across Queensland, South Australia and Victoria
Property buyers in parts of Queensland, South Australia and Victoria are facing the toughest buying conditions in the country, according to an expert.
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INDUSTRY NEWS
The interest ‘rates’ that stop the nation
It’s not often something steals the show on Melbourne Cup Day, but all eyes will certainly shift from the racetrack to Reserve Bank of Australia (RBA) at 2.30pm on November 7.
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INDUSTRY NEWS
Will there be rental homes for new year movers?
There's no relief yet for tenants who are struggling to find a property to rent, with the rental vacancy rate remaining at a record low 0.8 per cent.
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INDUSTRY NEWS
Investor numbers fall 27 per cent even as prices rebound
Despite the strong rebound in property prices, investors continue to exit the market spooked by higher rates according to the industry.
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INDUSTRY NEWS
From ordinary to extraordinary: The Block leaves lasting impression on property market
The 19th season of hit renovation show, The Block, may be nearing its finale, but it will leave a much longer lasting legacy on the Australian property market, according to Domain Editor Alice Stolz.
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CONTRIBUTORS
Nerida Consibee: Which suburbs do best over the summer months?
Spring is generally seen as the peak selling season.
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INDUSTRY NEWS
Rental market is ‘extremely challenged’ as listings drop and rents soar
A chronically challenged rental market, fuelled by record low supply and soaring weekly rents, is creating a self-perpetuating housing crisis where would-be first-home buyers are finding it increasingly difficult to stop renting and buy a home.
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