Stay informed with the latest real estate news, market trends, and expert insights for Melbourne City. Our blog covers everything you need to know about the property market in Australia.
Home insurance should cover rebuild cost, not market value. Calculate demolition, site works, construction at current rates, professional fees, and compliance. Victorian builds average 2,000–4,500 per m². Online calculators often understate by 10–30%. Underinsurance reduces claims. Quantity surveyor assessments deliver accurate sums insured for complex or high-value homes in Australia.
Buying or selling a strata property? This guide explains Section 32 Vendor Statement requirements and how to spot building defects—fire rating issues, combustible cladding, and water ingress. Learn what disclosures matter, red flags to check, and how to protect your transaction in Victoria.
Urban apartment living improves health through proximity to hospitals, faster emergency access, and reduced travel time. Victoria’s design standards enhance ventilation, acoustics, and natural light, while on‑site gyms and wellness amenities boost activity adherence. Inner-city locations like Parkville and Southbank cut logistical burden for chronic care, elderly residents, and families.
Victoria’s new 7‑day reserve disclosure turns the final week into a strategic sprint. Verify the official reserve, recalibrate your budget, estimate the suburb premium, and lock in inspections, finance, and auction tactics. Set a firm walk‑away number and execute with discipline to avoid overpaying on auction day.
Australia’s Help to Buy shared equity scheme lets eligible first home buyers purchase with deposits from 2%, with the government contributing up to 40% (30% for existing). Learn income thresholds, city price caps, lenders, 10,000 annual places, buyback rules, and a $900k example showing reduced mortgage size and repayment mechanics.
Reserve price disclosure in Victoria requires vendors to publish minimum auction prices seven days prior, reducing underquoting and information asymmetry. Transparent reserves act as psychological anchors, reshape bidding strategies, and improve due diligence efficiency. In high-demand suburbs, competitive bidding still lifts final sale prices 10–20% above disclosed reserves, sustaining strong clearance rates.
Australia’s property market is pivoting back to metropolitan centers. Melbourne and Sydney now outpace regional areas in monthly growth, driven by improved urban affordability, reduced tree-change migration, and stronger liquidity. Regional markets still offer higher rental yields, but urban locations regain momentum with employment proximity, infrastructure, and stabilized hybrid work patterns.
Docklands Melbourne blends waterfront living with effortless city access. Enjoy free trams, a short walk to the CBD, and modern apartments packed with amenities—pools, gyms, co-working, and secure parcel hubs. Affordable prices, strong rental demand, and evolving public spaces make this vibrant precinct ideal for urban professionals and students.
International students intensify rental demand near Melbourne campuses during semester peaks, lifting prices for studios and inner-city units. Yet the bigger forces—low vacancy, limited construction, and population growth—keep affordability tight nationwide. Seasonal surges matter locally, but structural supply constraints drive Australia’s rental costs higher, requiring faster delivery of student housing and general rentals.