Melbourne’s median house price has officially soared past $1 million in what is a new price record for Victoria’s capital. The latest Domain House Price Report for the June quarter showed Melbourne’s house prices jumped by almost $41,000 or 4.1% over the June quarter – and 16.2% over the year – to reach a newRead More
Brisbane’s median house price climbed by double digits over the past year driven by the largest year-on-year price surge in over a decade. The latest Domain House Price Report for the June quarter revealed that Brisbane’s median house price jumped 13% over the 12 months to June in what was the largest rise in 13Read More
Negotiation is more of an art than a science. Skillful negotiation doesn’t come naturally to most of us – it’s something that needs to be learned, practiced, and perfected over time. It’s often said that it takes 10,000 hours to become an expert at anything, which means that most buyers and sellers, who only transactRead More
Across Brisbane, the portion of profit-making sales increased to 88.8% in the March 2021 quarter, up 70 basis points from the December quarter. The portion of profit-making house sales was 96.8% in the March quarter, compared to 70.1% across units. Brisbane continues to see the largest differential between profitability between house and unit sales ofRead More
Across greater Melbourne, the rate of profit-making sales fell 20 basis points in the March 2021 quarter, to 94.5%. Despite the decline, Melbourne was still the second-most profitable capital city in terms of the portion of resales achieving a nominal profit. This was behind Hobart, at 98.4%. The increase in the rate of loss-making salesRead More
