Melbourne's $1.09 Million Property Market Threshold
In Melbourne, Australia, a home valued at $1.09 million or more places an owner in the top 25 percent of the market, comprising approximately 415,000 properties; this range includes both modest renovated homes and multi-million dollar mansions.
Melbourne's $1.09 Million Property Market Threshold
In Melbourne, Australia, a home valued at $1.09 million or more places an owner in the top 25 percent of the market, comprising approximately 415,000 properties; this range includes both modest renovated homes and multi-million dollar mansions.
Progress
44% Bias Score
Australian Home Sellers Shift to Private Sales Amid Market Slowdown
Facing a buyer's market, Australian home sellers are increasingly choosing private treaty sales over auctions, a trend fueled by high interest rates and a surplus of unsold properties, particularly noticeable in Sydney and Melbourne where auction listings have decreased.
Australian Home Sellers Shift to Private Sales Amid Market Slowdown
Facing a buyer's market, Australian home sellers are increasingly choosing private treaty sales over auctions, a trend fueled by high interest rates and a surplus of unsold properties, particularly noticeable in Sydney and Melbourne where auction listings have decreased.
Progress
44% Bias Score
Record $51.5 Million House Sale Exposes Australia's Housing Divide
A Point Piper mansion sold for $51.5 million in March 2024, exceeding the price of a typical capital city home by 51 times and the cheapest house by 2,710 times, highlighting the vast disparity in the Australian housing market.
Record $51.5 Million House Sale Exposes Australia's Housing Divide
A Point Piper mansion sold for $51.5 million in March 2024, exceeding the price of a typical capital city home by 51 times and the cheapest house by 2,710 times, highlighting the vast disparity in the Australian housing market.
Progress
64% Bias Score
Surf Coast House Prices Soar, Then Correct
Fueled by pandemic lockdowns, Australian Surf Coast and Bellarine Peninsula house prices soared over five years; Anglesea's median rose 67.4% to $1,467,500, while others exceeded $1 million, but have since seen a market correction due to higher interest rates and taxes.
Surf Coast House Prices Soar, Then Correct
Fueled by pandemic lockdowns, Australian Surf Coast and Bellarine Peninsula house prices soared over five years; Anglesea's median rose 67.4% to $1,467,500, while others exceeded $1 million, but have since seen a market correction due to higher interest rates and taxes.
Progress
48% Bias Score
Melbourne Commercial Property Market Shows Distress Amidst Price Corrections
Multiple Melbourne commercial properties are for sale, including a Queen Street office building with a significantly reduced price of \$45-50 million from an initial \$80 million listing, and an East Burwood office building facing a substantial loss in value due to its owner's financial collapse.
Melbourne Commercial Property Market Shows Distress Amidst Price Corrections
Multiple Melbourne commercial properties are for sale, including a Queen Street office building with a significantly reduced price of \$45-50 million from an initial \$80 million listing, and an East Burwood office building facing a substantial loss in value due to its owner's financial collapse.
Progress
44% Bias Score
Victorian Coastal Property Prices Show Wide Variation
Victorian coastal home buyers can find properties under $1 million in towns like Tootgarook, Rosebud, and several on the Bellarine Peninsula, offering a stark contrast to more expensive areas such as Sorrento and the Surf Coast, where prices reach over $2 million; this reflects varying demand and lo...
Victorian Coastal Property Prices Show Wide Variation
Victorian coastal home buyers can find properties under $1 million in towns like Tootgarook, Rosebud, and several on the Bellarine Peninsula, offering a stark contrast to more expensive areas such as Sorrento and the Surf Coast, where prices reach over $2 million; this reflects varying demand and lo...
Progress
44% Bias Score
Victorian Property Investor Exodus Amidst Rising Costs
Increased land tax and stricter regulations in Victoria are prompting investors to sell properties, causing a 22.6% drop in new home loan commitments from May to September, impacting rental supply and potentially harming low and middle-income renters.
Victorian Property Investor Exodus Amidst Rising Costs
Increased land tax and stricter regulations in Victoria are prompting investors to sell properties, causing a 22.6% drop in new home loan commitments from May to September, impacting rental supply and potentially harming low and middle-income renters.
Progress
52% Bias Score