Posted July 10, 2018 08:16:00 Beach house rental listings for sale and for rent are on the rise in Melbourne’s CBD.
Beach house owners are getting out the door with a bang, with listings rising at a record pace.
It’s a trend that is expected to continue into the coming months with prices increasing at an average rate of 1.8 per cent every month.
A house for sale on Airbnb in the CBD, for example, sold for $1.95 million in January 2018.
Advertisement Read moreFlats on Airbnb are a great way to get in on the local market, as there are more than 2,000 available in Melbourne.
They are popular among locals who are looking to live close to the beach, and can be rented out to groups of four for a monthly fee of $100.
“It’s a great opportunity for us to bring in new residents into the city,” says owner, Ashley Hines.
“We get to sell them their first house in the city and have an established community to draw from.”
We are looking for properties for sale to build on, and we are starting to get to the point where we are able to put more houses on the market.
“Hines rents out the home she lives in, which is a three-bedroom beach house with a balcony, at $1,995 per week.
The number of people living in Melbourne homes that are for sale is also up significantly. “
If it’s a house for rent, we can do an additional $600 or $700 for it, but I do like having an investment, so I can get into the property in a very short time,” she says.
The number of people living in Melbourne homes that are for sale is also up significantly.
In 2016, the number of homes for sale increased by 3.4 per cent.
The trend is expected the same year.
“The last year has been the busiest year since the year 2000,” says Dr Jennifer Liddell, an expert in home ownership at the University of Melbourne.
“There is a lot of interest in house prices, so that’s the way to go.”
It’s estimated that more than 100,000 people are renting properties in Melbourne every year, and that’s up from 60,000 in 2016.
Hines believes there are opportunities for local people to buy their first home in Melbourne, especially after a recent housing affordability report released by the state government.
“[The affordability report] was very positive, and it really helped people who were in need,” she said.
But if you’re looking to buy a property in Melbourne for yourself, you’re likely to find a few caveats.
For example, if you are renting a house, you will be responsible for paying for the rent and utilities, so it’s advisable to have a deposit with you, and a minimum deposit of $1 million.
Hints for people looking to sell their first property in the state and in other cities “The biggest thing for us is getting our foot in the door, so you need to be ready for it,” Liddells says.
You also need to make sure that the house is on good terms with the property owner.
“If you are not ready to sell the house, and you can’t sell it, we recommend that you go through an appraisal,” she advises.
“They’ll look at it and determine whether you’re qualified to sell it.”
You can also look to find an affordable property nearby, if the property is close to a school or a gym.
If you don’t have to worry about the cost of the property, it’s important to find someone who can rent it out.
“I like to see a great property with good property value, so we can find a house that works for us,” Lydell says.
If you’re in a position to sell your home, you can contact a property agent to find out more.
If you’ve been looking for a house but haven’t yet found one, you may be able to get an offer from a local property developer.
For more local property listings, click here.