First-home buyers have a spring in their step in Melbourne property market

First-home buyers have a spring in their step in Melbourne property market

FIRST-home buyers are tipped to be a force in Melbourne’s spring property market, with conditions more favourable than they were last year. The number of loans to first-home buyers in Victoria increased 10.3 per cent over the June quarter — an annual increase of 35.5 per cent, Adelaide Bank’s latest Housing Affordability Report shows. Geelong, its suburb […]

Surging townhouse approvals as Melbourne first-home buyers think smaller

Surging townhouse approvals as Melbourne first-home buyers think smaller

VICTORIAN townhouse buyers are set to be spoiled for choice, with more than 13,500 new residences approved for development. The figure has surged from about 8000 approvals in 2014, jumping by more than 2000 approvals (19 per cent) in the past financial year, according to the RPM Real Estate Group’s latest Residential Market Review. The […]

Outsiders and locals to keep Mornington Peninsula prices steady in spring

Outsiders and locals to keep Mornington Peninsula prices steady in spring

QUICK sales, packed inspections and outsider demand should see Mornington Peninsula sellers continue do well this spring. While prices and sales in many Melbourne regions have slowed, local agents said the peninsula was a very different market and still performing strongly. Mornington and Dromana were recently listed among top-performing Melbourne suburbs for price growth, according […]

Frankston house built around historic silo sold at auction

Frankston house built around historic silo sold at auction

A FRANKSTON house built around a 130-year-old silo has sold at auction, to a family who fell for its “quirkiness, character and charm”. The buyers from Sandhurst were so keen to secure the historic home they bid on top of themselves, raising their last offer by $10,000. The sale price achieved by the three-bedroom house […]