["postcode"]=> ["suburb"]=> This upward trend in seller satisfaction across Victoria and NSW has seen seven regions leapfrog Australia’s largest build-to-rent project See the sleepy hollows that rocketed … In comparison, across the lower quartile, the figure drops $184,300 to $614,330.Melbourne was highlighted as being the “most recent city to stage a nominal recovery, with housing values surpassing the September 2017 peak last month”.Real estate lockdown: How Victoria’s restrictions are impacting landlords and tenants“Over the final quarter last year, we finally started to see some positive signs regarding the construction pipeline, which has been a long time coming. ["link"]=> The Andrews government needs to work more closely with landlord and the real estate sector to ensure more homes are available for rent.”“Coronavirus will have a larger impact. ["suburb"]=> } string(4) "2710" Even if building approvals start to pick up today, there will still be a housing shortage in the short term,” Mr Gladwell highlighted.Now is a great time to sell properties as strong demand – driven by record-low interest rates and easier lending conditions – makes the selling process quicker, Ms Calnan highlighted.“In addition, rising values in the established market and moderating prices in the land market [have] reduced the land price to house price ratio, meaning buyers are seeing more value in a block of land or a house and land package rather than an existing house.”“With vacancy rates having stayed below 3 per cent since March 2016 in Victoria, more homes are badly needed. “Assets such as childcare facilities, banks, fast-food retailers, supermarkets and service stations are expected to be in high demand.”On the economic front, the recent bushfires and coronavirus present some challenges.homes selling fast are true indications of a strong marketZooming in on Melbourne, the CoreLogic market summary showed a In dollar value, the research found that Melbourne’s median lot price declined 2.1 per cent to $308,900, which RPM’s head of communities Luke Kelly said is “partly due to a reasonable amount of unsold or overhand stock on the market”.“This might mean looking for the worst house in the best street, buying a home on a smaller block of land, or choosing a property that needs some work,” he said.Located in close proximity to the South Yarra train station, On supply and demand, Mr Gradwell said: “The demand and supply dynamic will put upward pressure on prices initially, but building approvals and construction should start to accelerate in the second half of the year.

["link"]=> string(8) "Grenfell" ["link"]=> string(9) "44.921875" string(23) "/data/nsw/2810/grenfell" There will be some rebuilding stimulus, which the federal government has already announced that will go directly to these communities,” he said.Greystar, the largest operator of rental housing in the area, has purchased two adjoining sites at a value of $400 million.WEBCAST: Brisbane off-the-back of COVID-19 Despite affordability issues, early interest and activity from investors seeking CoreLogic’s February 2020 Home Value Index has found a rebound in the pace of capital gains across the Australian housing market throughout the month, seeing the national index rise by 1.1 per cent.The company’s metro sales director Ted Dwyer and associate director Ben Baines have indicated that despite a marked decrease in activity around “trophy” assets in 2019, premium investments were still considered a lucrative investment.The firm is expected to redevelop the properties into an integrated mixed-use project comprising attractive ground floor retail, approximately 5,000 square metres of high-quality office space and over 500 rental units across two towers.“There is a strong demand for more rental properties, and sadly many families are still struggling to get a rental home,” Ms Calnan said.“Off the back of a very strong upswing in the second half of 2019 and affordability constraints, the capital growth rate may start to soften,” Ms Owen said.Property market update: Brisbane, February 2020 Victorian land sales strong despite restrictions In terms of property indicators, there have been tentatively positive numbers coming through in building approvals, which signal a positive turn from very low levels seen throughout 2019 for both apartments and detached houses.In this low vacancy environment, landlords are more likely to emerge as the big winners with competition for places heating up.Apart from leading in seller satisfaction, Victoria’s Melbourne also has the second-highest median price in Australia, giving buyers the confidence to venture to Melbourne’s fringes, which are expected to display accelerated growth moving forward.Why you should consider hiring property managerstotal number of lot sales across MelbourneThe peak in happiness was seen most significantly across the Victorian market, with the state (55 per cent) overtaking Tasmania (51 per cent) this quarter as Australia’s happiest state.Outside the city, regional Victoria homes are seeing 55 days on average. That’s the key challenge; supply can take 12-18 months to come through, and the delay could put further pressure on both housing prices and rents.Property investing 101: Go big or go home!Smart Property Investment recently reported that it is likely that Melbourne’s median house price will hit the $1 million mark by the second half of 2021.“Vacancy rates are already low, and if we’re not building enough for the remainder of the year, it’s likely the vacancy rate will continue to fall and result in continued rent increases.”Moving forward, ANZ’s associate director for property Daniel Gradwell expects a continuous improvement in terms of price growth, With new rental laws being introduced by the Victorian government, landlords are apprehensive about how the regulations will affect them, adding to the rental shortage in Victoria.Where’s worth the investment — now and over the next 5 yearsPROPERTY SHOWCASE: Executing your strategy before 2021factors that investors should consider when investing in propertyGet notifications in real-time for staying up to date with content that matters to you.Further away from the city, the average rent for regional housing was reduced to $350 per week.

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