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Melbourne Growth Area Land Market: September 2018 Quarter At the end of March 2018, the average lot price in Melbourne’s growth area land market was at $323,000 and the volume of sales were continuing to drop off from the previous quarter at just under 5000 lots, or 1650 odd lots... Continue Reading

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

Interesting article from The Age. Things still seem to be pointing in the right direction for Melbourne’s property market, with net overseas migration and interstate migration continuing to add to our strong population growth and demand for housing. For the growth area land... Continue Reading

Melbourne Growth Area Land Market: December 2017 Quarter At the end of September 2017, the average lot price in Melbourne’s growth area land market was at $288,000 and the volume of sales were just levelling off and just under 6800 lots, or 2250 lots per month. The December 2017... 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: June 2017 Quarter Only three months ago, the average lot price in Melbourne’s growth area land market was $250,000 and the volume of sales were again at record levels of nearly 6400 lots, or over 2100 lots per month. Due to sustained high demand... 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

Great achievement by UDIA VIC and the industry individuals involved. For some time it has been taking 3 weeks or more for titles to be registered after lodging a statement of compliance. Bringing that back to one week will be a great help to Melbourne’s property development... Continue Reading

With another year closing, we thought we’d take the opportunity to provide an update of what’s happening in Melbourne’s property market. Melbourne Greenfield Market Snapshot: September 2016 Quarter This time last year, the average lot price in Melbourne’s growth area land market... 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

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

We highlighted in an earlier blog about the changes to residential zoning, where the existing residential 1, 2 and 3 zones will be replaced by Neighbourhood Residential (NRZ), General Residential (GRZ) and Residential Growth (RGZ) Zones, and the potential risk to property owners... Continue Reading

Valuation by Residual Method As highlighted in part 1 of this blog, sometimes you may not have recent sales data to consider, especially if you are looking at property with development potential in growth areas. For me, comparable sales can be a good reference, but they are not... Continue Reading

          Valuation by Comparable Sales If you are considering either selling or buying property in Melbourne, you want to ensure you get the best deal, so what is the property worth? What would that ‘someone be willing to pay’? There are a few methods... Continue Reading

                  Melbourne is undergoing some major planning reform in a number of areas. As well as the reformed zoning, there is change on the way with respect to the planning permit process. The Victorian Government has been... Continue Reading

            Residential Zoning in Melbourne is changing. If your property hasn’t been re-zoned yet, it will be by the end of June 2014. Considering its wide ranging impact on Melbournians, it is a little surprising that this topic has not been as highly... Continue Reading

  Property Development  & Investment 101 – The Subdivision Process You can add value to an existing home by renovating, but converting a single lot or dwelling into multiple is generally much more financially beneficial. In simplified property development terms, the... Continue Reading

                Melbourne Property Watch Here’s some information on the current economy that seems to support that now might be just the right time for property development and property investment. Economics is another fairly complex animal... Continue Reading

                This question is one which comes up time and time again for many. It can create some great dialogue and almost always ends up with a room divided on their views. So which is the right answer? The reality is that both answers... Continue Reading

              Melbourne Property Watch Here’s an interesting view on current housing affordability. It’s a different take on first home buyers and the perceived declining affordability, suggesting it’s more a lifestyle choice for younger generations... Continue Reading

      Property Development & Investment 101 – Density and Yields I have previously summarized how the different types of property development in Melbourne are primarily dictated by planning zones. Residential property development in particular can be further... Continue Reading

If you own a property with development potential, why just sell through conventional methods when you can become a ‘passive’ property developer, essentially creating and keeping the developers profit yourself, without the stress! That’s right, you have the opportunity to unlock... Continue Reading

Melbourne’s property market appears to have bottomed out and is on the rise again, particularly since the last federal election in September this year. Many including myself have been waiting for this election to be behind us, as that is what was understood might restore some... Continue Reading

We already know that building a property portfolio is a proven method of building additional wealth. People prefer to invest in property because it’s a relatively stable and secure form of investment and provides very good leverage. The general rule based upon long-term... Continue Reading

Property Development and Investment Melbourne – Understanding Demand As mentioned in part 1, selecting the right property to develop is primarily about what people need, or the ‘demand’, plus a few other reasons. Assuming that there is no immediate personal need for a particular... Continue Reading

Property Development and Investment Melbourne – Personal Needs You may have decided that you want to develop and invest in property in Melbourne but not sure which property type and what specifics to look for. Should you look for Industrial property development, commercial,... Continue Reading

Do you own a property in Melbourne and have been approached by a developer that wants to buy your property? You may have even received an offer and thought that the offer was attractive enough to consider selling. But is this the best price you can get? You may then look for a... Continue Reading

  Similar to other states in Australia, Melbourne property development is governed by what can be a fairly complex planning system with certain controls placed at all levels of government. Melbourne has experienced some change in its planning system over more recent years.... Continue Reading

If you already own a property in Melbourne you would know that it is a proven method of creating additional wealth. You may not see it like you would see your bank account balance increasing, but property produces excellent capital growth and most of the equity you have in a... Continue Reading

Firstly, I’d like to say hi and thank you for visiting the Landeq website. Researching and undertaking property development and investment in Melbourne can be quite a daunting task, and I must say that I have personally shared that experience with property development early on in... Continue Reading