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Melbourne’s unit hotspots for 2015

22 March 2015

Property experts warn unit-price growth in Melbourne could be sluggish in 2015 due to oversupply in the inner city – but some suburbs are expected to buck the trend. The pockets tipped to outperform are undergoing gentrification, have quality amenities or are areas popular with downsizers, who may be priced out of medium-density housing in [&h [...]

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Posted in Daily News, News

National rental market tightens over February: SQM Research

17 March 2015

Propertyobserver.com JESSIE RICHARDSON | 17 MARCH 2015 Vacancy rates across Australia were down last month with Melbourne and Canberra’s markets tightening the most, according to SQM Research. Meanwhile, vacancy rates continue to escalate in Darwin and Perth. The national vacancy rate was down to 2.2% with 66,094 vacancies, from 2.3%, with [...]

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Posted in Daily News, News

New fees are small change for FIRB buyers

28 February 2015

Propertobeserver.com.au Shane Oliver 26 Feb 2015 GUEST OBSERVATION If the media is to be believed, the reason the real estate market is so hot is due to foreigners, especially Chinese, turning up with blank cheques buying everything in sight. Apparently Australians are no longer able to get a foothold in the housing market because the […]

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Posted in Daily News, News

New law coming for foreigners buying secondhand properties

25 February 2015

Propertyobserver.com.au JONATHAN CHANCELLOR | 25 FEBRUARY 2015 Foreigners approved to buy established residential properties will have to pay extra when they purchase through the Foreign Investment Review Board (FIRB) under laws proposed by the federal government. A $5,000 fee will be payable on FIRB approved properties valued under $1 million, [...]

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Posted in Daily News, News

House and unit vacancy rates tighten in Melbourne

14 February 2015

Domain February 12, 2015 Christina Zhou Domain reporter Melbourne renters don’t have it as tough as other parts of the country, but it’s still a grind. New data from the Domain Group shows the city recorded a fall in vacancy rates over January, tightening to 2 per cent for houses and 3.4 per cent for […]

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Posted in Daily News, News

Melbourne’s new apartments get smaller, but price tags do not

11 February 2015

Domain 11 February 2015 New apartments in Melbourne are rapidly becoming smaller, while their price tags are not, a report by the Oliver Hume Real Estate Group shows. The average size of a one-bed apartment decreased from 47 to 44 square metres, while two-bedroom apartment sizes fell from 62 to 59 square metres in the […]

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Posted in Daily News, News

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