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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: The Inside Perspective

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


The Secret Agent Report – Perceptions of Interiors

We have just released our latest Secret Agent report!

Think about that time you stepped into the modern, sleek room of a display home. You might have felt a little cold, unwelcome, like you didn’t want to dirty anything. Compare this to when you last visited your grandmother’s house. There was a sensed comfort and warmth from the moment you entered. There are times you feel at home in a friend’s house, yet other houses have you feeling more excited to go back to the comfort of your own home.

In this report, Secret Agent discusses how we perceive different kinds of room interiors. There isn’t a one size fits all rule, but our perceptions have potentially significant implications that should be considered by both buyers and vendors in property transactions.

Access the Perceptions of Interiors report now!

Cover image of The Secret Agent Report July 2017 issue, Perceptions of Interiors


Living and Working Under High Ceilings Promotes Creativity

Interior of a warehouse conversion living room with high ceilings, timber floorboards and exposed brick walls

11/109 Oxford St, Collingwood (realestate.com.au)

In real estate, high ceilings are a big selling point. “Soaring”, “towering”; these are common adjectives to describe anything above the average 2.7m ceiling. Besides being a rare feature in most properties, high ceilings are valuable also because of the psychological benefits to the people living or working under them.

High ceilings encourage us to think more freely, enhancing creative thinking.

A study conducted in Texas in 2007 found that 8-feet (2.4metre) ceilings activated confinement-related concepts, while taller 10-feet (3metre) ceilings encouraged better freedom-related tasks. In another experiment, participants in high-ceilinged rooms were able to create more abstract solutions than their low-ceilinged counterparts. Read the full post


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