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Property market update: Melbourne, July 2022

 Melbourne continued its downward spiral in July,  as the property values in the city recorded deeper declines during the month. But experts are also pencilling in when a potential rebound might occur for the Victorian capital.


Australia , Yarra , New-south-wales , Frankston , Victoria , Sydney , Hobsons-bay , Kinglake , Cardinia , Melbourne , Brisbane , Queensland

Why rising interest rates WON'T make housing more affordable in Australia

Credit ratings agency Moody's Investors Service is expecting rising interest rates to make housing less affordable despite forecasts of big house price drops.

Perth , Western-australia , Australia , Oran-park , New-south-wales , Melbourne , Victoria , Brisbane , Queensland , Sydney , Adelaide , South-australia

The mistakes YOU are making with buying a home from believing hype to fearing price falls

Michael Yardney, the chief executive and founder of Metropole Property Strategists, said the worse time to buy was when there were media reports about surging prices.

Australia , Sydney , New-south-wales , Perth , Western-australia , Bondi-beach , Melbourne , Victoria , Brisbane , Queensland , Paddington , Adelaide

Finder's RBA survey: 73% of experts say rental prices will increase significantly

In another blow for Australian renters, rental prices are set to increase dramatically as the nation's borders reopen, according to experts.

Corinna , Tasmania , Australia , Monash , South-australia , Melbourne , Victoria , Sydney , New-south-wales , Bendigo , Australian , Mark-crosby

Here are 10 suburbs where property prices are rising over $50k per month

Here are 10 suburbs where property prices are rising over $50k per month
yourinvestmentpropertymag.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourinvestmentpropertymag.com.au Daily Mail and Mail on Sunday newspapers.

Cottesloe , Western-australia , Australia , Blairgowrie , Queensland , Sandy-bay , Tasmania , Sunshine-beach , Mornington , Victoria , Sydney , New-south-wales

Signs Australian housing boom may be cooling as mortgage demand suffers biggest fall in a year

Signs Australian housing boom may be cooling as mortgage demand suffers biggest fall in a year
theguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theguardian.com Daily Mail and Mail on Sunday newspapers.

Australia , Sydney , New-south-wales , Australian , Michael-yardney , Phillip-lowe , Katherine-keenan , Australian-bureau-of-statistics , Reserve-bank , South-australia , Metropole-property-strategists , ஆஸ்திரேலியா

The ONE thing that is stopping you from getting rich


Australians who aren't rich have been slammed for being too comfortable with a lower level of wealth, as the economy rebounds from the Covid recession.
The Australian Securities Exchange is on the verge of hitting a record high this week with the benchmark S&P/ASX200 on Monday morning reaching a 14-month high of 7,092.7 points.
That means the share market is only 1.5 per cent below the all-time high of 7,197 points set in February 2020 a month before the Covid shutdowns, having surged 47 per cent during the past year. 
CMC Markets chief market strategist Michael McCarthy said there was a 'very good chance' the Australian share market would a new peak this week, despite the slow vaccine rollout as investors took inspiration from healthy US earnings results.

Vaucluse , New-south-wales , Australia , Sydney , Australians , Australian , Michael-yardney , Michael-mccarthy , Commonwealth-bank , Corelogic , Australian-securities-exchange , Dailymail

The new rules you must follow to make money from property and why outer suburb houses area bad idea


Australians buying a home hoping for a future profit have been warned against investing in outer suburbs as younger people prioritise lifestyle.
Property values last month soared at the fastest pace since October 1988 with price records set in Sydney, Melbourne, Brisbane, Adelaide, Canberra and Hobart.
Buyers are piling into the market with Reserve Bank interest rates at a record low of 0.1 per cent and the big banks offering fixed-mortgage rates of less than 2 per cent.
However Brett Warren, the Brisbane director of buyer's agent Metropole Property Strategists, said property was not guaranteed to keep appreciating, and buyers had a new set of investment rules they should follow.

Australia , Oran-park , New-south-wales , Port-macquarie , Mornington , Victoria , Sydney , Blacktown , Baulkham-hills , Hawkesbury , South-gloucestershire , United-kingdom

How Australians are borrowing for home without having to save up for a mortgage deposit

How Australians are borrowing for home without having to save up for a mortgage deposit
dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.

Australia , Sydney , New-south-wales , Cronulla , Australians , Michael-yardney , Corelogic , Metropole-property-strategists , Reserve-bank , ஆஸ்திரேலியா , சிட்னி , புதியது-தெற்கு-வேல்ஸ்