Category Archives: VIC

Property Spotlight: 1050m2 Of Land & Home In Melbourne CBD

In 1897, McHenry & Gertrude England acquired the land that would become 490 St Kilda Road, Melboure and built their family home. The property was given the name “Landene” – a combination of Gertrude’s maiden name (Dene) and their family name. The first recorded sale of the land was a purchase in 1875 for £587.10, roughly $126,000 AUD accounting for

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A host of Melbourne suburbs drop below the million-dollar median mark

The Domain House Price Report for December 2018 has provided a list of the suburbs which had previously seen median home prices above $1 million dollars, which can no longer claim as such. In early 2018, the number of million-dollar suburbs was on the increase – last February saw 13 new suburbs cross this immense threshold, bringing the total count

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CoreLogic Data: Over 2018, Melbourne’s clearance rate fell by 22%

Recent data released by CoreLogic puts into tangible terms the significant downturn faced by one of Australia’s largest markets – over the course of 2018, the clearance rate of Melbourne fell by 22%. Last week, a realestate.com.au report acknowledged the existence of a real estate downturn, but labelled it overblown, suggesting that while some of the country’s larger markets are

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New report shows real estate market downturn is real, but overblown

Inaccurate figures and hasty predictions exaggerated the downturn In 2018, Sydney’s market fell by 1.48%, Melbourne by 5.93% Adelaide saw a property price increase of 1.1% A recent report from realestate.com.au has reflected on the downturn seen throughout 2018, continuing to tug on the market in 2019’s early stages, surmising that Australia is “now in the midst of a housing

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