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Tight rental markets generating big rent increases in Melbourne and Canberra

2019-04-05T02:56:52+00:00October 7th, 2018|

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 [...]

Signing a Property Lease Before the Visa Comes Through

2019-04-05T02:56:52+00:00February 21st, 2018|

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 [...]

Rising Short-term Accommodation Costs

2019-04-05T02:56:52+00:00February 21st, 2018|

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 [...]

Australian Housing Costs – Unaffordable Interstate Relocation?

2019-04-05T02:56:52+00:00October 30th, 2017|

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 [...]

Sydney & Melbourne Housing Costs

2019-04-05T02:56:52+00:00September 4th, 2017|

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 [...]

Rental yields have not kept pace with property value increases – potential increases in home rental costs.

2019-04-05T02:57:10+00:00November 17th, 2015|

As many will be aware, property prices have increased substantially in recent years, particularly in Sydney and Melbourne. However rents have not shown a similar increase. We have begun to see noticeable tightening in the availability of properties to rent & this can be expected to lead to rent increases in the period ahead.   [...]

Recent Growth in Sydney House Values is Historically “Normal”

2019-04-05T02:57:10+00:00January 23rd, 2015|

Many readers will be aware the cost of housing  in Sydney has increased rapidly in recent times. Despite a 17% increase in median house prices in Sydney in the year to September 2014, growth in capital value over the ten years since September 2004 is “only“ 6% per year.  From 2004 to 2010 prices only [...]