Since the start of this year, residential development sites worth more than $80 million have been exchanged, or are under negotiation – in deals expected to result in up to 10 new high-rise towers over the next five years.Read more
St Kilda Road will always be remembered as the precinct to pioneer high rise apartment living in this city. Dotted in amongst the retained mansions, and tired old office buildings, are some of the most prominent apartment towers in Melbourne – including the Kingstoun, Yve – and Melburnian.Read more
Anyone who played (or plays) the computer game Simcity would understand the predicament Melbourne planners are in right now.
On the one hand, Melbourne’s population is growing – with some more ambitious estimates suggesting by 1000 people a week. New residents are coming from interstate (particularly Sydney and Brisbane) and overseas (New Zealand, United Kingdom). Many new residents are professional, high income earning professionals who may see Melbourne’s real estate market as relatively affordable.Read more
"Quote it low, watch it go. Quote it high, watch it die”
It’s one of the oldest adages in real estate, and is effective for agents, because it exploits so many vulnerabilities owner occupiers experience when hunting for a home.Read more
On January 1 2007, tens of thousands of like-minded investors suddenly made the decision that they would invest in property – driving them to the market in droves.Read more