What property you get for $1m in Melbourne CBD

What property you get for $1m in Melbourne CBD

Ever wondered what kind of property you can get in the Melbourne CBD for a cool $1 million ? Being a very built up area, houses are practically non-existent but there are many luxurious apartments to choose from. Here are some examples of million dollar apartments .. 1. This 3 bedroom property on St Kilda Road is listed at $995,000. 2. You can still get a three bedroom penthouse property with skyline views in Melbourne for just over a $1 million. 3. This inner city three bedroom Melbourne penthouse is on the market for $995,000 and is around the same size as what you can buy in Darwin. If you are living overseas or interstate and interested in buying or renting a particular property in Melbourne, Melbourne Ahoy can help ! We can conduct a property site visit and produce a detailed customised Property Profile report to set your mind at ease. To find out more, visit our services page...
Melbourne property market pulse check

Melbourne property market pulse check

Last weekend,  Melbourne experienced yet another strong clearance rate of 73.9 %. This was despite the relatively large number of auctions held. The Melbourne market has been doing really well this auction season so far with clearances averaging 74.4 % – compared to 66 % over the same period last year. I would attribute the good results to low interest rates, improved market sentiment and also strong interest from overseas buyers (especially for the top end of the market). There is some debate over how much property is actually being purchased by overseas buyers and that is primarily because of the lack of accurate statistics. The fact that many overseas investors are buying property through local relatives and contacts does not help. Understandably, this is something that is really hard to measure and prove. In reality, overseas investors make up only a fraction of property sales. The large bulk of purchases are in inner and outer suburban Melbourne by local families. With the property market showing strong signs of recovering from years of flat growth, this may be the upswing in the market that triggers the next cycle of sustained property growth. If you are living overseas or interstate and interested in buying or renting a particular property in Melbourne, Melbourne Ahoy can help ! We can conduct a site visit and produce a detailed customised Property Due Diligence report to set your mind at ease. To find out more, visit our services page here....

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