Media & Blog 

Spring is here and Melbourne real estate is set for its annual bloom! Now you might have heard everything is awful but the truth is lot more sanguine. As ABS house price data shows, Melbourne is seeing lower growth but there’s no sign yet of a big fall.

Multi award-winning REBAA member Miriam Sandkuhler from Property Mavens has started welcoming franchisee start-ups, saving entrants the hassle of setting up a business, including all administration systems and building a brand themselves.

We have exciting news! It has been a big month at Property Mavens, starting with a rebrand complete with a new logo and updated website to coincide with our 10-year anniversary! What better way to celebrate than with a brand refresh? We would love you to check out our new look at www.propertymavens.com.au. Despite our new look, our services remain the same – our new brand just represents our everlasting values of communication, accountability and confidence. Property Mavens is always in your corner to help you make the best decisions in property. We are fierce when it comes to negotiating for our clients.

Change could be on the way In good news this month, stamp duty reform is on the agenda in Victoria, as part of a push for a broader review on property taxation policy. The Real Estate Institute of Victoria (REIV), Australian Property Institute and the Housing Industry Association (Victoria) are leading the push for change, on behalf of the wider industry. It follows a recent change in New South Wales where stamp duty will be optional for first homebuyers, who can choose to pay a property tax instead from January 2023.

There is no need to panic The property market is always topical, but over the past month, we have seen it dominate the media headlines, particularly as interest rates have risen again. At the RBA’s June meeting, the cash rate was lifted by 0.5%, so it now sits at 0.85%. The rise was bigger than expected and has been passed on by many banks, but the fact remains that interest rates are still very low. However, we have since seen many doomsayers come out, once again, and predict price falls of 20 per cent-plus as a result.

What will new housing policies mean for the market? The much anticipated Federal Election is now over, and the question everyone in now asking is what impact the result will have on the property market.

As I said in my last post, building costs in Australia have jumped 20% to 25% in a year. That is laying to ground for some significant challenges ahead.

If you’ve decided to undertake a renovation or build a new home recently, you’ve been in for a shock Across Australia, building costs are soaring, driven by a jump in the price of materials and labour.

Victoria will take centre stage in 2026 In exciting news this month, it has been announced that Victoria will host the 2026 Commonwealth Games, in just four years’ time. The event will be a new model, with events held across multiple regions. The opening ceremony will be held at the Melbourne Cricket Ground, but four regional hubs will be established in Geelong, Bendigo, Ballarat and Gippsland, each with their own athletes' village and sport program. Shepparton is also expected to hold sporting and cultural events. Apart from providing a significant boost to the economy and jobs, the Commonwealth Games will also lead to improved community infrastructure in Victoria and world-class facilities that will be attractions after the Games is over.

While we spend a lot of time talking about which property to buy, managing a rental property is just as crucial to get a great investment return.

Autumn market - how we’re travelling. And now the perennial question: How is Melbourne’s property market travelling? Half way through the autumn selling period, the answer is steady but not spectacular growth.

Interest rates- how they’re likely to affect property. For 30 years, property investors and home owners have watched interest rates track down to their lowest level on record. Now that rates are set to rise, what will the impact on the property market be?