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, …

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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 …

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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 …

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

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

Inaccurate figures and hasty predictions exaggerated the downturnIn 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 …

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