April 23, 2021
Investors taking big hits offloading empty Melbourne CBD apartments
Melbourne apartment investors are taking some big hits selling off dwellings they’ve been unable to fill with tenants since COVID hit.
Apartments
January 29, 2021
Melbourne CBD apartment rents are down and office vacancy rates are up
Inner-city Melbourne apartment rents are in freefall thanks to the COVID-led dearth of tourists and students and an exodus of renters to the suburbs and regions.
October 22, 2020
The sharks are circling Melbourne’s COVID-hit inner-city apartments
Investors are swooping in on the COVID-hit inner-city apartment market as Melbourne begins its slow exit out of restrictions.
September 25, 2020
Build-to-rent sector tipped to develop 10,000 apartments a year by 2023
The success of the build-to-rent sector is set to continue with predictions that 10,000 apartments could be developed each year by 2023.
November 22, 2019
Australians are building smaller houses and bigger apartments
Australians are increasingly moving towards apartments, now nearly half of all homes being built according to the Australian Bureau of Statistics.
November 7, 2019
Apartment shortage looms amid marketed dwelling slump
With no pipeline of new dwellings being constructed, the volume of apartments being marketed has nearly halved over the past 12 months.
September 10, 2019
Price gap widens between house and apartment in Melbourne’s favourite suburbs
The huge flood of new apartment construction in recent times has left apartment prices close to the city stagnating.
April 18, 2019
Developers are upping commissions to get new apartment sales going
Financial advisors and mortgage brokers are being offered big commissions – up to 30 per cent bigger than last year – to sell completed apartments during the downturn.
November 1, 2018
State Government to take a bigger role handling apartments with high-risk combustible cladding
Local councils will be handing over the management of Victoria’s riskiest apartment buildings with combustible cladding to the State Government.
March 28, 2017
Half of Melbourne’s off-the-plan apartment buyers selling at a loss
In sobering news for off-the-plan investors, new research has revealed more than half of new apartments bought in Melbourne and then re-sold in the last five years have been re-sold at a loss.