South Melbourne is on target to be one of the fastest growing cities in the country! The median sales price for units in South Melbourne, VIC in the last year was $575,000 based on 172 home sales. Compared to the same period five years ago, the median unit sales price for units increased 10.4% which…
If you are looking at purchasing your first property, either your first home or investment, it can be quite daunting with a whole new world of information being put before you. You’re up all night looking at locations all over the place, trying to stay within the budget you have set yourself. Sound familiar? What…
The idea of home ownership in Australia’s current economic climate seems like an unattainable fantasy for many people. More so than in recent memory, First Home Buyers are staying at home longer to save bigger deposits to combat the rising wave of property prices that have carried Sydney and Melbourne property prices to a million…
Australian real estate specialist, and ParkTrent Properties Group’s CEO, Ron Cross says the coalition’s reinstatement is a welcome boost to the property market and investors. Mr Cross believes the proposed changes to negative gearing were a short-sighted move by the Labour party. “Labour’s proposal to lower the discount on the capital gains tax from 50%…
The beginning of a new financial year is a great time to review your finances. Take a look at your bank account, and current assets, and ask yourself, is this where I want to be financially? If you answered no, then you need to start implementing changes now. Here are four reasons why investing in…
‘Rentvesting’ is an emerging property investment trend where buyers – typically young Gen Y – purchase their first property for investment purposes rather than living in it while they rent somewhere. Investing before purchasing your own home may seem like a backwards approach, as there can be a mentality that your first property purchase should…