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Melbourne Growth Area Land Market: March 2018 Quarter At the end of December 2017, the average lot price in Melbourne’s growth area land market was at $303,000 and the volume of sales were dropping off from the previous quarter and just under 5800 lots, or 1900 odd lots per... Continue Reading

Melbourne Growth Area Land Market: September 2017 Quarter Only three months ago, the average lot price in Melbourne’s growth area land market was at $271,000 and the volume of sales were again at record levels of nearly 6800 lots, or over 2500 lots per month. The September 2017... Continue Reading

Melbourne Growth Area Land Market: March 2017 Quarter Six months ago, the average lot price in Melbourne’s growth area land market was $228,000 and the volume of sales were levelling out from new record highs of around 1800 sales per month. What was suggested at the time is that... Continue Reading

Things have progressed on a few fronts with respect to the Plan Melbourne Refresh discussion since our last post. Residential Zone Reform Review One of those fronts was the intention to review the rollout of the reformed residential zones implemented by the former Government. A... Continue Reading

Settlers Hill Estate is a 25 Hectare residential subdivision, ultimately yielding around 350 lots ranging in size from 300m2 up to 800m2. Located in a prime position in Melbourne’s northern suburb of Mernda, the estate has easy access to major freeways and arterials, public... Continue Reading

So what’s news in Melbourne’s property market at the moment? Melbourne in record home building boom, with outer suburban home and land packages leading the way  The HIA state that new dwelling starts are up more than 26 percent compared with last year, and although they expect it... Continue Reading

Richard Wynne, Victoria’s Planning Minister, recently released a discussion paper titled ‘Plan Melbourne Refresh’, following a report by the Ministerial Advisory Committee (MAC), whom were engaged to provide a review of the current Plan Melbourne document. The Minister says the... Continue Reading

Following on from part 1, the above graph has combined the two ‘primary sales indicators’ for Melbourne Metro residential property over the decade from the end of 2004 to 2014. If we analyze the graph a little more closely, you might see the correlation between sales price and... Continue Reading

Will be interesting to see how this debate pans out….. A few recent articles worth a read. Labour would re-assess negative gearing Who really uses negative gearing? Are Negative Gearing Days Numbered? Continue Reading

There is lots of information available on the performance of the property market, both historical and forecasting. Some of the leading research companies such as ABS, VGV, REIV, RPdata, CKC, NLSP, and many others do a great job in compiling the relevant data and creating useful... Continue Reading

It’s been quite some time since our last post. A little too long actually. It’s hard to believe yet another year is behind us and 2015 has arrived. Despite all the news regarding economic uncertainties (whether perceived or otherwise), Melbourne’s property market has... Continue Reading