Bell Street bingo: Which northern suburb will be next to get hip?

Brunswick is long gone. Coburg, Thornbury, Preston too. And now the cafe brigade is continuing its march north.

Melbourne’s cool kid mecca – the inner north – has become increasingly expensive and, in turn, the trendy crowd is being forced to migrate above the long-understood hipster proof fence: Bell Street. One of Melbourne’s busiest roads has for years been the great divide of the north, and routinely held property prices back by hundreds of thousands of dollars.

But even Coburg North, a suburb well above the Bell Street threshold, has soared in price and cache, with the median house price now at $767,500. CoNo, as the trendy locals apparently call it, is now out of reach of many young buyers.

Suggestions: insider view,  melbourne property market,  property growth,  smart property investment

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Property investment - The rarer the property, the greater the demand and the price


"First property buyers should look to entering the market as a town house owner in a well located property that they can potentially sell to families, couples, retirees and first home buyers. The aim is to build a portfolio of unique properties. Later, they can move on to a house. No two houses are ever identical. That is what creates demand. The rarity factor is the key. Unique aspects in terms of design and or location are what drives up the price."

Suggestions: expert advice,  melbourne property market,  jeff grochowski,  insider view

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Banks may move on interest rates independently of the RBA

"Many people fear that interest rates will go back to 7%. However, not all areas of the Australian economy are firing and while the economy is stable so it is not in the interest of the Reserve Bank of Australia to risk a recession by making it harder for businesses and people to borrow."

"Whether it is for owner occupier property or for an investment, interest rates are still attractive so people should use them for carefully selected properties in well researched locations."

Suggestions: insider view,  interest rates,  understanding the property market

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RateCity Report on Investor and Occupier Mortgages

RateCity has released a comprehensive report highlighting the issues facing home buyers and property investors when they apply for a mortgage. Here are the key points.

1. Interest rates cut across all categories, largely led by a 0.25 per cent cash rate cut in August.

2. Home loans: Now more than a year since the emergence of investor pricing and the ‘ideal borrower’ and the rate gap has continued to widen. Home loan rates have continued to trend downward after two RBA cuts in 2016, and a total of four cuts since February 2015, following a period of 18-months with rates on hold. Shorter-term fixed rates are sitting significantly lower than variable rates on average, suggesting there may be some room for rates to go lower in the easing cycle. Longer-term fixed rates are above variable, which suggests the low rates won’t last for ever.

Suggestions: interst rates,  understanding the property market,  jeff grochowski,  insider view

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Melbourne suburbs where it’s cheaper to buy than rent

This week, Paul Bird from the REIV issued a media release that put a spotlight on those Melbourne suburbs where people should consider the economics of buying as opposed to renting.

Suggestions: choosing the right location,  can i afford to invest in property,  smart property investment,  insider view

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Singles priced out of the Australian property market

Only two of Australia’s eight capital cities have a median house price that can be afforded by an average single income, new analysis by Australia’s leading financial comparison website, RateCity.com.au, shows.

Property prices on the east coast of Australia continue to rise to unattainable highs with a person looking to buy in Brisbane or Melbourne requiring an $80,866 and $96,706 salary respectively to afford a median priced house.

 “Our analysis reveals a reality that many young Australians are now living; the impossibility of affording a median-priced house on an average salary in most capital cities,” said Peter Arnold, data insights director at RateCity.com.au.

Suggestions: accrue real estate,  insider view,  smart property investment,  can i afford to invest in property,  jeff grochowski

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Melbourne residential property growth doubles Australian average: Australian Bureau of Statistics

MELBOURNE property’s price growth doubled the national average in the year to June, a new report shows — and experts say there’s more to come.

Figures released today by the Australian Bureau of Statistics show Melbourne’s average residential price increased 8.2 per cent during the 12 month period — the most of any capital city.

Suggestions: melbourne property market,  choosing the right location,  expert advice,  insider view

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Finding realestate in Melbourne the highly ranked livable city

Year after year, Melbourne has been named in the top ten most livable cities in the World. Does that make realestate less affordable?
Each year, the list of the most popular cities in the World, draws attention to the leading locations and that focus, affects realestate prices. More people wanting to live somewhere that is very popular, leads to higher demand and that extra stimulous, leads to higher property prices.

Suggestions: melbourne property market,  expert advice,  choosing the right location,  insider view

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Top 10 questions to ask tenants

These questions can help you screen tenants before taking the time to check up on references and will give you an insight into each individual, letting identify potential issues before they arise.

Suggestions: getting help in property investment,  property management insights,  protecting your investment,  insider view

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Top of the class: school zones boost prices in 2016

In 2016, the median house price of properties with more than two-bedrooms in desirable public school zones is significantly higher than the median price of similar homes that border the zone.

Suggestions: find the right investment property,  melbourne property market

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Accrue Real Estate is not your ordinary Melbourne property agent

Anyone can walk into a real estate agency and pick a property from the window. Anyone can pay full price, or pay high stamp duty, or pay high legal fees or buy in a location that historically has not seen strong demand. People who buy without advice may be wasting money and not even know it.
Do you know which suburb, street or project is available when buyers think location, location, location?

Suggestions: accruerealestate,  property market,  smart property investment,  becoming a first time investor

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Property prices in Sydney and Melbourne continue to roar

Australian capital city house prices continued to push higher in July, according to latest data released by CoreLogic on Monday.

The group’s Home Value Index rose by a further 0.8% last month, leaving capital city house prices up 6.1% from a year earlier.

Suggestions: property growth,  melbourne property market,  getting a head start in property

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Brexit to boost property's safe-haven status

Brexit will boost Australia's residential property market as the UK decision to leave the European Union will increase perceptions of the market's safe-haven status, observers say.



Suggestions: property market,  expert advice,  property growth

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BUYING PROPERTY OFF THE PLAN

Buying off the plan involves a little bit of insight and a whole lot of imagination. At the end of the day, you might end up with a brand new property for a great price.

Suggestions: can i afford to invest in property,  getting a head start in property,  melbourne property market,  property investment legals

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Melbourne’s north runs hot as winter sets in

New REIV data shows that the outer north is especially solid - Craigieburn is leading the way, with auction volumes increasing 45 per cent and sales up a significant 88 per cent over 2015 figures.

Suggestions: melbourne property market,  property growth,  choosing the right location

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THE IMPORTANCE OF LOCATION IN A REAL ESTATE INVESTMENT DECISION

"Location, location, location" is an over used but often little understood summary of what to think about when buying real estate. What does "location" mean?

Suggestions: how to invest in property,  find the right investment property,  becoming a first time investor,  understanding the property market

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MARKET PRICE IS NOT THE SAME AS PROPERTY VALUE

Most property buyers will need a bank loan to buy a home or investment property. Knowing how the banks work makes it easier to qualify for a home loan.

Suggestions: can i afford to invest in property,  becoming a first time investor,  property management insights,  getting the right property advice,  understanding the property market

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MELBOURNE PROPERTY IN DEMAND

Melbourne 27 June 2015. RealEstate.com.au has released statistics that show that Melbourne real estate continues to be in high demand, even in the traditionally quieter winter months.

Suggestions: melbourne property market,  choosing the right location

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Negative gearing is still useful for property investment

With a federal election looming, Australians are increasingly unsure about whether to use negative gearing as a PAYE taxation reduction strategy.

Suggestions: understanding the property market,  melbourneproperty

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STAMP DUTY CALCULATOR

Free access to the official Vistorian Government's stamp duty calculator

Suggestions: can i afford to invest in property,  getting a head start in property

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TAX DEPRECIATION ON PROPERTY

Tax depreciation can compensate you for natural wear and tear, or help you bear the brunt of maintenance, repairs and renovations. Both new and old properties can deliver you significant savings come tax time.

Suggestions: can i afford to invest in property,  how to invest in property,  property investment legals,  buying your second property

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