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Category Archives: Melbourne
Victoria economic snapshot
The Propell report on the Victorian economy has been updated and is available from the link below. 134 VIC Economic Snapshot April 2012
Posted in Australian economy, Melbourne, Victoria
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Melbourne housing market weakens
The Melbourne housing market is showing signs of weakness according to a post by Leith van Onselen in Macrobusiness (see link below) According to the article, SQM shows an increase in the number of homes for sale to 50,840 listings, … Continue reading
Forecasting house prices
Forecasting house prices is a regular occupation of Australians, but like any forecast, the future often defies us when it arrives. Over the past six months, there have been clear signs that the markets are stabilising in most places, and … Continue reading
Australian house prices up in February says rpdata
National residential prices were up +0.8% in February according to rpdata-rismark, after a fall of -1.0% in January, but remain 4.4% down on this time last year. Changes in each capital city were: Sydney +0.8% mom, median price $472,750 Melbourne … Continue reading
Industrial construction slowing
The number of new industrial constructions projects is reducing as demand softens, while rental conditions are also stabilising according to a report by JLL reported in todays AFR. Despite this, JLL report solid demand for purchasing investment property. Melbourne, with … Continue reading
Prime retail rents fall
Retail rents in some prime shopping centres fell last year, according to CBRE. In Sydney, Pitt Street Mall rents fell 6.2% to $7,560 in the last quarter of 2011 despite centre upgrades, and fell 1.4% in nearby streets. CBRE also … Continue reading
Posted in Australian real estate, Melbourne, Retail trade, Sydney
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Industrial rents up in Port of Melbourne
The Port of Melbourne is experiencing a trade boom according to CBRE, with demand increasing for warehouse and logistics centres. Melbourne distribution centres recorded a rental increase of 5% in 2011 according to CBRE, while unit estates recorded 4.3% and … Continue reading
RpData-Rismark residential price figures need caution
The RpData-Rismark median house price figures for December have been issued today, but we are hesitant to accept them at face value. Firstly, they have revised the November figures, and significantly so. Perth, for example, was reported last month as … Continue reading
Melbourne residential vacancy rates rise
In an article in todays Age it was reported that Melbourne residential vacancy rates have risen to 4.4%, up from 3.6% last year. “Melbourne’s high vacancy rate is likely to put downward pressure on rents, particularly in places such as … Continue reading
Posted in Australian real estate, Melbourne, Victoria
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Car support program good for SA, VIC
In positive news for the SA and Victorian markets, Gillard gives her support to extending support for the car industry beyond 2016, which will do much to support the markets surrounding the major car plants in Elizabeth SA and Geelong … Continue reading
Posted in Adelaide, Australian economy, Melbourne, South Australia, Victoria
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