Real Estate

/Real Estate

Tight rental markets generating big rent increases in Melbourne and Canberra

Latest capital city rental data for apartments affirms the link between vacancy rates and rent increases. It seems a logical outcome of the working of supply and demand, however this is not always the case. In the latest available data (March quarter of 2018) Melbourne, Hobart and Canberra experienced low rates of rental property availability [...]

2018-10-09T07:34:30+00:00October 7th, 2018|

Signing a Property Lease Before the Visa Comes Through

A case study Picture the scene: Geoff and Sally are on a “look-see” visit to Melbourne ahead of their planned relocation. Geoff’s new job is due to start in six weeks. They decide they like Australia and Melbourne, and fall in love with a family home costing $1,500 per week. However they aren’t the only ones [...]

2018-02-21T03:43:52+00:00February 21st, 2018|

Rising Short-term Accommodation Costs

Continuing growth in demand for short-term accommodation has resulted in upward pressure on prices. We have seen increases in recent times averaging at least 10% per year and in some cases considerably more. As a consequence budgets may need revision. Some Budgets Cannot Meet Expectations We are seeing some employers struggling to achieve acceptable standards of accommodation [...]

2018-02-21T03:00:19+00:00February 21st, 2018|

Australian Housing Costs – Unaffordable Interstate Relocation?

Volatility in sales prices in Sydney and Melbourne and greater stability in other State Capitals. Rental stability across the country except for Perth. What does this mean for employers relocating staff interstate to Sydney and Melbourne? In our August Client Alert we commented that Sydney and Melbourne rents have shown stability in recent years  despite [...]

2017-10-31T23:34:27+00:00October 30th, 2017|

Sydney & Melbourne Housing Costs

Stability in rents, volatility in sales prices. What does this mean for those relocating to Sydney and Melbourne? Sydney and Melbourne rents have shown continuing stability over the last twelve months. Sydney houses have averaged approximately 2% increase, with some areas e.g. Lower North Shore increasing by up to 5%. Melbourne houses have averaged approximately [...]

2017-09-04T05:18:31+00:00September 4th, 2017|