Real Estate articles

Will this market oversupply be different?

By Grant Müller Dire warnings of a price correction in the Melbourne CBD apartment market fail to take into account the extraordinary changes in both the developer and buyer profiles. Hocking Stuart director Scott McElroy said the last apartment oversupply in the early 2000s was controlled by local developers and funded by local banks which

Beware of the spec buyers

Watch out for speculative buyers who are starting to move into the Melbourne CBD apartment market, is the word of caution from Hocking Stuart CBD director Scott McElroy. He said the CBD market could now be divided into three categories – spec, invest or owner occupy – and the emergence of speculative buyers added an edge

Council market buy tops the list

By Alastair Taylor October has been a busy month for planning and development news in the CBD headlined by City of Melbourne’s purchase of the Munro site adjacent to Queen Victoria Market and the topping out ceremony for 567 Collins St. On Wednesday the 15th, the City of Melbourne announced it was the successful bidder

Should I buy off the plan or established?

By Grant Muller Melbourne’s booming house prices are making the CBD apartment market (and lifestyle) look more attractive every day – but are the looks deceiving? For about $500,000 you can secure a fine two-bedroom apartment in the city – and all the benefits that go with it. However, increasingly dire calls on the state

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