Media & Blog 

What property investors need to know about Budget 2022. No nasties for investors. It goes without saying, negative gearing and capital gains tax concessions were unaffected by this year’s budget.

A-grade properties are where it’s at IT’S no surprise that the heat has come out of the property market – it had to sooner or later. But while conditions are not quite as strong as what we saw last year, with some uncertainties around elections, interest rates and even global issues, there is still strong demand and buyer competition for A-grade properties, which is the only type of property we buy for our clients.

The Block Hampton; FAKE REALITY I have always been a passionate consumer advocate when it comes to real estate buying. I initiated and continued the media campaign and lobbying government against underquoting in 2014 for 2 years, to finally see legislated changes implemented in 2017 and then revised in 2019.

Melbourne will be Australia’s biggest city Melbourne is set to overtake Sydney as Australia’s biggest city by 2030 at just over 5.9 million people, with the Centre for Population Growth expecting Victoria’s capital to be the fastest growing in Australia from 2023-24 as overseas migration returns.

Regional Victoria was the big winner of 2021 PROPERTY data from the big year we experienced in 2021 is flowing in, with regional Victoria found to have reached record highs.

Wage growth and property prices - an explainer. One of the fundamental drivers of property prices is the state of the overall economy. When times are good, the price of real estate tends to move up, but when the economy is struggling, property tends to suffer.

While many home buyers and investors focus on detached houses, in an expensive market like Melbourne, sometimes the best option with a limited budget is to wade into the unit market While it’s true Melbourne unit prices often rise less (8.7% in 2021, according to CoreLogic compared to 15.1% for detached houses) those broad figures include newer units which typically underperform market. So, what type of unit should you buy if you’re an investor or an ambitious home buyer?

It is the perennial question I get asked on radio, at forums or in my office: What is the best type of property to buy? The honest answer is, the same types I’ve been buying for a decade. But some years, things change and a new option pops up as a great investment. 2022 is such a year – so let’s take a deep dive into this year’s best buys.

Miriam Sandkuhler said Ballarat Central benefited, with strong demand from tree-changers as well as local buyers. “Ballarat Central is a great place to live and residents enjoy a truly ‘walkable neighbourhood’ that’s close to the lively CBD, surrounded by parks and good schools, and near excellent transport links to Melbourne," Ms Sandkuhler said.

Property had a stellar year in 2021 with Melbourne values soaring 15.1% for the year; 22.1% nationwide. But at the end of the year, some statistics showed a slowing, leaving commentators suggesting the dream run was over. So, is it? We think that pessimism is misplaced with the market likely to record solid if somewhat unsexy growth in 2022. But there are signs you should look for to see how the market is travelling.

Here’s to 2022! We’re excited to welcome in a new year, and we hope this one will be better for all, especially Melbournians!

I have recently been engaged by clients to source, investigate and secure for them a home in the northern Melbourne suburbs. They are wanting a home that has potential for a good renovation in order to add value to their property. With the Brief and Budget locked in, I have now commenced the process of identifying suitable Investment Grade property options.