Welcome to the latest news from the Property Mavens team. It’s official - the market is booming. Strong demand and limited stock has led to boom conditions in spring - just as we predicted. To help our clients and friends figure out how best to prosper through property, Property Mavens has teamed up with specialist accounting group MW Partners to present a special event next week.
Welcome to the latest news from the Property Mavens team. There’s one thing which has really stood out this year – the amount of interest we are receiving from Sydney investors keen to get in to the Melbourne market. Partly that is due to Melbourne’s more affordable property prices - around 30% lower than Sydney – delivering greater scope for growth. Sydney investors have also clued in to the fact that Melbourne’s performance is more consistent - delivering better outcomes over the last decade.
Welcome to the latest news from the Property Mavens team. All the talk this week is around Scott Morrison’s first budget, the debate on the merits of negative gearing, and the economy, which is puffing along at a below par rate with plenty of mixed signals to say the least. Yet despite the negativity which pervades our TV screens and newspapers, in the world of real estate, Melbourne is performing strongly while Sydney seems to be slowing. Auction clearances have averaged around 75% in Melbourne this year – and most importantly, this rate holds up even when we see big volumes of properties hit the market.
Welcome to 2016! The first look at the market in 2016 shows Melbourne is travelling just fine thanks very much; in fact it’s performing a lot better than many expected. The first two Saturdays with a reasonable number of auctions saw clearance rates over the critical 75% mark. CoreLogic numbers show Melbourne taking over from Sydney as the nation’s best performer, with 11% growth for the year to the end of January. It’s pretty clear to see why. With a gap of $300,000 between the median house prices, our office is fielding more enquires from interstate investors who see better value and growth prospects here in Melbourne.