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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: Property Buying Tips

The Secret Agent Report – Downsizing

We have just released our latest Secret Agent report!

It’s a difficult decision to choose to downsize your family home. The longer you’ve been living in it, the more memories it has and the more uncomfortable it will be to leave. Just because it may be easier to stay, doesn’t mean you should.

When it comes to downsizing, there are many benefits, as well as downsides. The experience can be a positive or negative one depending on a number of things. The more thought you put into weighing up the pros and cons for your situation, as well as choosing a new home, the more likely you will be happy with the final outcome.

In this report, Secret Agent aims to help you feel more confident in your decision to downsize. It will give you some insight into the experience so you can get a better idea of whether downsizing is the right move for you and how to best prepare.

Access the Downsizing report now!


The Secret Agent Report – Drift

We have just released our latest Secret Agent report!

The buying process is far less personal than what it used to be. Algorithms determine a lot of what we see when it comes to searching online – we are presented with options with little effort. By relying on smarter algorithms we miss out on both randomness and serendipity which have always played a role in human affairs. We may be able to find things more quickly but we are limiting ourselves in the act of ‘surprise’. Often we don’t know what we want until we come across it by accident.

Secret Agent believes that in the digital age we are in, random encounters are more important that ever. In this report, we will discuss the concept of drift to help explain how buying things like property can be best done by going outside the normal rules and routines of your life and embracing some randomness.

Access the Drift report now!

 


The Secret Agent Report – Healthy Occupants

We have just released our latest Secret Agent report.

In this report, Secret Agent will summarise some of the common issues within buildings that influence the health of its occupants.

We have previously discussed things like light and noise in our reports on health. This report will consider issues other than these including cramped spaces, greenery, water damage and emissions from building materials.

Access the Healthy Occupants report now!


The Secret Agent Report: Melbourne Metro Revisited

We have just released our latest Secret Agent report!

The Melbourne Metro tunnel is an initiative launched by the Victorian Government in 2015, with construction already underway. The project includes the addition of five new stations connected underground, with an expected completion in 2026.

There are clear benefits to the project, including an increased capacity of 36,000 passengers during peak periods, as well as easing overcrowding of the current city loop and the inner-city tram network.

While the social benefits are clear, the impact this project will have on properties near the construction and eventual completed infrastructure is unknown.

In this report, Secret Agent will investigate; how the construction will affect businesses, prices and buyer sentiment; what the tunnel will mean for new developments such as townhouses and apartment blocks and how the Melbourne Metro compares to other city transport systems such as the Scania region in Sweden and Montreal.

Access the Melbourne Metro: Revisited report now!


The Secret Agent Report – Downsizing: The Inner City

We have just released our latest Secret Agent report!

To downsize or to not downsize? That is the question many older Australians are asking themselves as they weigh up the benefits and disadvantages of each option.

In this report, Secret Agent revisits the subject of downsizing, with a focus on those moving from the suburbs to the inner city. 

Access the Downsizing: The Inner City report now!

Cover of The Secret Agent Report Volume 58 Downsizing The Inner City


The Secret Agent Report – Rent

We have just released our latest Secret Agent report!

In recent years, we’ve seen house prices skyrocket while rents have risen less dramatically. 

This month, Secret Agent compares rent increases and house price growth in inner Melbourne to find out to what extent yields have decreased over the last 5 years.

Access the Rent report now!


What Counts in Small Apartment Buildings

While the cost of standalone and semi-attached houses in Melbourne continue to skyrocket, apartments have only had minor price changes over the past 12 months. Further, as houses continue to become a rarity, apartment supply is steadily increasing. Many people will have to start considering apartments if they wish to live in the inner city.

For people used to living with a backyard and having adequate distance from their neighbours, moving into a high-rise apartment building is out of the question. But there is another option: boutique apartments, usually between 8 and 40 apartments spread over no more than four levels, typically built in the 1960s to 1980s. They offer a middle ground between the freedom and privacy of standalone houses, and the affordable yet crowded environment of high rise towers. Read the full post


The Perfect Ratio of Period Terrace House to Land

Diagram showing the range of ideal land to indoor area ratio in attached and freestanding terraces including an increase in sale price.

Last month, Secret Agent investigated the ‘sweet spot’ in the density of a townhouse. We found that a total indoor area that equalled or slightly exceeded the land area (i.e. 1:1 – 1:1.27) sold at a higher price than denser developments. This time we decided to see what the data says about period homes.  Read the full post


The Secret Agent Report – Terraces & Townhouses: Price Per Internal Square Metre

Diagram showing how Secret Agent's price per internal square metre index is calculated compared to the current industry standard

We have just released our latest Secret Agent report!

In this report, Secret Agent proudly presents our Price Per Square Metre Index for period homes and townhouses in inner Melbourne. This is Melbourne’s first price per square metre report based on actual internal usable space, and not land size.

Access the Terraces & Townhouses: Price Per Internal Square Metre report now!


In 2016, We Paid More for Older Apartments

Illustration showing that buyers paid 38 thousand dollars more for low-rise, older apartments in 2016 compared to newer apartments

This week, Secret Agent compares new and old apartments around inner Melbourne to see which were more valuable in 2016.

The sample included 1674 apartment sales across inner Melbourne’s suburbs and the CBD from January to December 2016. New apartments are those built from the 90s onwards, excluding any recent off-the-plan apartment sales. Old apartments include Art Deco units and flats located in 60s to 80s brick buildings. Read the full post