CoreLogic have released a fun stat this week – particularly fun if you’re a homeowner, not so much if you’re trying to become one.
Proximity to good quality schools and educational facilities is an ever-increasing factor in the value of homes and their potential for capital gain.
It is the sixth straight month that interest rates have stayed at this level.
Real estate experts are tipping suburbs in Melbourne’s west and Melbourne’s north as the ones to look out for this year.
Capital city house prices for the quarter have risen 2.3 per cent and 10.7 per cent for the last 12 months, according to the latest figures from CoreLogic.
New rules are being assessed by our Federal Government that look to give protection to property developers from foreign buyers that pull out of deals.
Melbourne’s house prices have grown consistently for the last four years and its median house price now sits at $795,447 with further moderate growth predicted for 2017.
The Government is looking at implementing a housing bond aggregator to give affordable housing providers cheap and lengthy tenor debt for the construction of new homes.
Chinese developers have again been making their presence felt, snaffling 75 per cent of Melbourne’s development sites in the back end of last year.
Despite interest rate rises from banks, November has seen a 4.9 per cent jump in lending to property investors around the nation.
