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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: Health

The Secret Agent Report: Wildlife

We have just released our latest Secret Agent report!

There are various types of open space and not all of them are equal in terms of the value they provide. If you had to choose out of being close to Carlton cemetery versus Royal Park, which is only on the other side, most would choose Royal Park. Similarly, most would prefer to be next door to a vacant block full of neatly manicured plants compared to just a vacant block of land. Other than the obvious aesthetic differences, what else could make Royal Park more attractive to the cemetery?

Secret Agent has been pondering this question this month and has hypothesised that it is the wildlife and biodiversity that makes some of our open spaces within Melbourne so special. The more biodiversity, the more connected to nature we feel and the more we are willing to pay for property to be nearby this. It sounds like a far fetched idea but we are not the first to have thought of this. In fact it has been studied quantitatively in America.

This month, Secret Agent discusses wildlife and the potential impact it may have on property value.

Access the Wildlife report now!


Carlton North Homes Benefit from Bicycle Lanes

Drawing of a bicycle with a speech bubble containing a dollar sign next to it

Over 10,000 cyclists commute into Melbourne’s inner city every morning. Many popular routes are located along residential streets. Secret Agent wanted to find out if the presence of a bicycle lane had any impact on house sale prices within a suburb.  Read the full post


Noise: A Summary

One of the effects of urbanisation is an increasing number of people choosing to live in the inner city, particularly in high density neighbourhoods. Re-zoning has allowed many residential areas to become mixed use zones whereby apartment high rises, houses and restaurant strips exist all on the same street. In Victoria, these zones are often centred around transport hubs, nearby either tram lines or train stations. All these elements make the hustle and bustle of the city, but one might argue it’s getting a little too noisy. External noise has become a modern day pollutant that is difficult to escape, and has captured our attention.

In our Healthy Environments report, we recommended buying property that is not located on a main road or nearby train stations to avoid high levels of external noise while at home. Noise can have detrimental health effects such as cardiovascular disease, even if you think you’ve become accustomed to the low grumblings of traffic and passing trains.

We recently discovered that, in addition to poor health outcomes, external noise can negatively impact the value of property. These are some of our findings.

Read the full post