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My Real Estate Mate

First home buyers and the property ladder

Climbing the property ladder – it is a term used to depict a consumer’s ability to enter the market on the first rung of affordability, climb the ladder over time through capital growth and finish at the top of the ladder in the ultimate luxurious and expensive property. Property is a long term game, slow and steady wins the race however with regards to the current economic climate, the property ladder for the majority of first home buyers is...

Property Hotspots: Fashion or Affordability?

’The next property hot spot!’ is a real estate catchcry used to unveil a suburb in which there is a window of opportunity to purchase property prior to that suburb experiencing a rise in capital value. So where exactly is the next suburb ‘hot spot’ going to be? Do hot spots really exist and if they do what are the driving forces behind a particular suburb's growth in popularity? More often than not a hot spot is where an influx of population...

State of the market in Victoria: apartment demand and supply

Question: Where is the source of Victorian apartment demand? Answer: Local Victorian owner occupiers and increasingly investment demand is coming from New South Wales driven by value proposition and offshore buyers with permanent residency as well as expats are taking advantage of the recent exchange rate variance. The South-East Corridor with suburbs close to school zones and train stations such as Caulfield, Bentleigh and Glen Huntly continue...

Mo'Money Mo'Money - Where is the money coming from?

Do you have a 10% cash deposit? 90% have, 10% have not. Apartment Register has received and qualified 238 first home buyer (FHB) enquiries to date in 2015, so where or who pays for the deposit and what is the length of time taken to save for the deposit? First home buyers understand time is of essence to enter the market and it is a good time to do so. Interest rates are low, apartment supply is reasonable, product choice and quality continues...

Buyer sentiment: What the market is telling us

2015 has kicked off with an abundance of off the plan apartment enquiry on Apartment Register , across Melbourne’s inner city suburbs. Following our article on overseas buyer demand drivers , we thought it best to comment on the local market enquiry year to date. Apartment Register’s 400 enquiry sample has been 90% local owner-occupier, comprised of first home buyer (FHB) and first time off the plan buyers; the remaining 10% is local and...

My Real Estate Mate: Overseas buyers and the allure of Australia

“Fresh air and fresh produce” was the response from the managing director of a major Mainland Chinese company who enquired on Apartment Register this week when I asked him “what was the main driving motivational factor to apply for and gain residency in Australia over Canada or USA?”. Can it be that simple? Yes, it can. Overseas purchasers of property in Australia is not a recent phenomenon. We are the country of choice for many, the origination...

My Real Estate Mate summer reading series: Buying off the plan - the finished product

As crazy as it sounds, settling a new off the plan apartment requires you to be even more organised then when you purchased. It is an exciting time and you are well on your way to reap the advantages of apartment ownership, such as: Freedom and flexibility. Predictability and stability. Accumulating capital and equity. A quick recap: you have picked your apartment out with Apartment Register, signed the contract of sale and paid your 10% deposit...

My Real Estate Mate summer reading series: Buying off the plan: the nitty gritty

Calculator ready! In our third instalment of Apartment Register’s Summer Reading Series we will identify key investor considerations. You will often hear the term ‘vacancy rate’ which is a calculation based on tenanted dwelling within an area and is used as a tool to determine rental demand. A 3% vacancy rate is the point at which a market is set to be evenly balance between landlords and renters, that is equilibrium. Calculating an off the plan...

Priority pick: The Moreland set to make its mark

Sponsored
Urban Melbourne and Apartment Register present the first public opportunity for buyers to secure a prime apartment within The Moreland, a newly launched project located in the on-trend inner northern suburb of Brunswick West. Designed by local firm Peter Brown Architects, The Moreland will hold 52 dwellings with a variety of one and two bedroom apartment configurations available. Register now With ample sized apartments in mind The Moreland is...

My Real Estate Mate summer reading series: Buying off the plan - the first move

Time is of essence! Have you ever enquired for an apartment project on the Internet, only to discover by the time you speak to the real estate agent - or visit the display suite - the project is almost sold out? Apartment Register ensures our client’s receive first priority pick in new off the plan developments prior to public launch. Having said that, you need to be organised with a clearly defined apartment selection criteria and understanding...

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Development & Planning

Wednesday, June 28, 2017 - 06:15
A litmus test beckons for Reservoir as the suburb's largest apartment release becomes reality. The Plenty Residences at 830 Plenty Road has progressed to marketing, with the release of the first stage of the project's 347 dwellings across the site which sits atop the Summerhill Village Precinct.

Policy, Culture & Opinion

Wednesday, June 7, 2017 - 12:00
Two important stories which traverse both transport and housing topic areas were highlighted on Urban Melbourne this week. The news that the medium and high-density components of Williams Landing will ramp up highlight what some might gloss over but what I think is the correct 'order' of doing things: the rail station is built first, developers then piggyback off the new infrastructure second.

Visual Melbourne

Wednesday, February 22, 2017 - 07:00
Once again Melbourne has turned it on for the spectacular cultural juggernaut that is White Night. A crowd of around 600,000 took part in the all night festival of projections, performances, artworks and installations. Stealing the show again this year was the extraordinary projections upon the Royal Exhibition Building.

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Transport & Design

Wednesday, June 28, 2017 - 12:00
South Yarra’s latest development is about to strike a blow for excellent and inclusive urban realm design...and not before time. As far back as 2014 and 2015 , Urban Melbourne has highlighted the runaway success of South Yarra's Forrest Hill urban renewal precinct.

Sustainability & Environment

Thursday, June 1, 2017 - 12:00
Two of City of Melbourne's key urban design initiatives are in the starters gates, with Lord Major Robert Doyle yesterday providing further information on the pair. As of next month, the long-awaited upgrade to the southern end of Elizabeth Street will begin.