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

Category Archives For: Secret Agent News

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!

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: EOY Review 2017

We have just released our latest Secret Agent report!

2017 saw remarkable shifts in how investors pick what to invest in and when.

This month, Secret Agent recaps the year of inner Melbourne property in 2017. We review the performance of houses, townhouses and apartments and highlight the best performing suburbs.

Access the EOY 2017 report now!

The Secret Agent Report – Elevation

We have just released our latest Secret Agent report!

This month, Secret Agent investigates how a property’s elevation above sea level influences its price.

The suburbs analysed include: Albert Park, Middle Park, Carlton North, Princes Hill, East Melbourne, South Yarra, North Melbourne, Ivanhoe, Eaglemont, Toorak, Essendon and Hawthorn.

Access the Elevation report now!

The Secret Agent Report – Artificial Intelligence in Property

We have just released our latest Secret Agent report!

This month, Secret Agent takes a closer look at artificial intelligence, with a focus on property prices in Melbourne. By examining regression and classification methods, we use machine learning to discover trends and patterns in data.

Access the Artificial Intelligence report now!

The Secret Agent Report – Co-Living

We have just released our latest Secret Agent report!

This month, Secret Agent takes a closer look at the co-living spaces that are emerging across the world. While this trend is something we have seen before, it has re-emerged in a modern form and is changing the way people think about living – and working.

Access the Co-Living 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

Investment Returns for Inner Melbourne

In Secret Agent’s latest Rent report we took a detailed look into the yield of each inner Melbourne suburb. See Table 1.

An investor should be looking to try and maximise yield when finding a rental property. However, they also need to be mindful of the relationship between yield and risk.

Often a higher yield can mean more risk, such as oversupply.

The higher yield of inner Melbourne (5.3%) reflects the greater risk premium. East Melbourne which offers a tight yield of 3.47% is the ultimate blue chip location, however the yield isn’t too attractive.

Be careful of looking solely at yield to making investment decisions. It’s possible to obtain yields above 10% in remote regional locations, but once a tenant has vacated, it may be a long time before another tenant is discovered.

Table containing investment returns of inner Melbourne suburbs

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