Try this housing market quiz. Question 1. What is the change in median house prices in Sydney and Melbourne in the period September 2016 – September 2018 (the most recent quarterly data available)? View Answer Question 2. What is the change in median house rents in Sydney [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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. [...]
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 [...]
“We should have done this years ago” According to Dennis Ellis, Village Manager, Belrose Country Club, “if I had $100 for every time a new resident says that to me , I would be a wealthy man”! . His view is that “our fierce independence is a problem”, as is our unwillingness to face up [...]
