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The latest happenings in the Melbourne property market. For our Essays and The Secret Agent Report, see our Research page.


Category Archives For: Apartments

Melbourne, Docklands and Southbank: Capital Growth of Apartments

Secret Agent’s apartment capital growth index tracks price changes of the same apartments over time. Rather than simply using average price changes, basing the index on resales gives a better measure of true capital growth. The index tracks how apartment prices change when buying off the plan, as well as all subsequent sales of the property. This bulletin takes a closer look at apartments in Melbourne CBD, Docklands and Southbank. Note that when talking about annualised growth rate, we are referring to converting the growth rate over one quarter to an annual figure.

Since 2009, CBD and Southbank apartments have been growing in value at about the same rate, with the CBD slightly ahead for all but the first quarter of 2016 (Figure 1). Since the end of 2011, CBD apartments have grown in value by an annual average of 2.83%. while Southbank apartments by 2.60%. Over the whole time period, Docklands growth was well below the other two suburbs, averaging 1.40% over the past five years.

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The Secret Agent Report – Apartments: Capital Growth

We have just released our latest Secret Agent report!

Earlier this year, Secret Agent set about determining the true capital growth of houses and townhouses in inner Melbourne to provide investors with more accurate figures on previous growth in the local property market.

In this report, apartments get their turn as we analyse the growth in prices over the past 16 years. An updated index for the capital growth of houses and townhouses is also included.

Access the Apartments Capital Growth report now!

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New apartments: What to expect

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Key findings

  • 1 bedroom apartments will be 8% bigger on average.

  • 2 bedroom apartments remain the same size.

  • 3 bedroom apartments will be 4% smaller and remain rare.

  • Little to no 4 bedroom apartments are being proposed.

  • Most apartments meet the minimum balcony size.

Following up on our recent Supply report, Secret Agent wanted to dig deeper into what sort of apartment buildings are being proposed by developers. Using planning permit applications sent to local Melbourne councils, we sampled 1,680 proposed apartments from 34 buildings in 15 suburbs of metropolitan Melbourne.

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