The richest streets in Melbourne, revealed

There is no shortage of idyllic streets, extravagant properties and exclusive postcodes in Victoria’s capital.

Before Coronavirus hit our markets, Melbourne property prices were surging with dwelling values up 12% higher to reach new highs.

Melbourne housing values suffered because of its extended lockdown, which severely impacted market activity over the past three months, with CoreLogic estimates showing a 34% drop in settled sales compared with the same period a year ago.

Although median property prices don’t come close to those over in Sydney’s most elite postcodes, the Melbourne property market rebounded in November and prices have skyrocketed

​According to Corelogic, Melbourne property values climbed 0.22% in the first 12 days of November, outperforming Sydney, Brisbane & Adelaide.​

So it’s unsurprising that recent data from the Australian Taxation Office (ATO) has revealed there are some postcodes in Victoria’s capital where residents are among some of the wealthiest in the country.… Read more

Continue Reading

The Construction Specialist Turned Conceptual Sculptor!

The Construction Specialist Turned Conceptual Sculptor!

Studio Visit

Sasha Gattermayr

Some sculptures in situ. Photo – Joe Ruckli.

She uses industrial materials like concrete, paper, plaster, timber, joint finisher and even building debris to create her sculptures. Photo – Joe Ruckli.

Hailey convinced her partner to let her have the biggest room in their house (plus the adjoining sunroom!) as her home studio. Photo – Joe Ruckli.

An example of the diversity of Hailey’s forms: on the left, a tall, spindly construction, and on the right, a mounted figurine! Photo – Sarah Poulgrain.

A crowd of ever-different, small-scale sculptures. Photo – Sarah Poulgrain.

From left: Make your own sun. Photo – Hailey Atkins. Right: Soup Opera . Photo – Bridie Gillman for Stable Artspace.

At pretty much the exact time Hailey Atkins developed an interest in art, she also became a construction specialist. Her love

Read more

Continue Reading

Plan to abolish NSW stamp duty could create more problems than it solves

All property purchasers in NSW could soon be exempt from paying stamp duty on new property purchases under a new government proposal.

While the plan may seem like a good idea to some, I’m not really convinced it will be as widely beneficial as many people think.

What is stamp duty?

Before we discuss the proposal and it’s benefits and hindrances, let’s first clarify what stamp duty actually is.

Stamp duty is a “one off” tax imposed by state and territory governments on certain transactions.

It can vary depending on the state or territory, and may be called stamp duty, transfer duty or general duty.

When buying a property, the purchaser genrerally must pay stamp duty on the transfers of land or property to their name.

Depending on the value of the property you’re buying you could be looking at forking out tens of thousands of dollars in stamp duty … Read more

Continue Reading

From Unliveable To Unbelievable!

From Unliveable To Unbelievable!

Architecture

by Amelia Barnes

Flos ‘String’ pendant light from Euroluce. Mark Tuckey ‘Tripod’ dining table. Cassina ‘412 Cab’ chairs from Cult. Photo – Eve Wilson. Styling – Larritt-Evans

 Gebrüder Thonet Vienna GmbH ‘Curve’ barstools from Space. Photo – Eve Wilson. Styling – Larritt-Evans

Cassina ‘412 Cab’ chairs from Cult. Photo – Eve Wilson. Styling – Larritt-Evans

B&B Italia Tufty-Time Sofa from Space. B&B Italian ‘Le Bambole 07’ sofa from Space. ‘Oxo’ coffee table from Mark Tuckey. Moroccan rug by Beni Ouarain from Loom. Photo – Eve Wilson. Styling – Larritt-Evans

Right: B&B Italia Tufty-Time Sofa from Space. B&B Italian ‘Le Bambole 07’ sofa from Space. ‘Oxo’ coffee table from Mark Tuckey. Moroccan rug by Beni Ouarain from Loom. Photo – Eve Wilson. Styling – Larritt-Evans.

Vibia ‘Wireflow 0300’ pendant

Read more

Continue Reading

Don’t worry about falling off a cliff – our financial markets are stable – ANZ

Don’t fear the financial cliff.

We were initially told that Australia’s economy is heading for a financial cliff when government subsidies were to be cut back from September.

Remember…home loan repayment holidays were also set to stop in September but then the banks have extended them to March for customers still suffering a cash crunch.

And now some of the property pessimists are saying we’ve just kicked the can down the road and the housing market will be in trouble next year.

Not so according to ANZ Senior Economist Felicity Emmett in the latest research bulletin by the ANZ Bank which suggests the housing sector looks to be turning a corner according to

Here’s what the research bulletin said:

Housing debt is up, but so are savings

While high housing debt may pose a risk next year in light of expected higher unemployment rates, the spike in household savings in … Read more

Continue Reading

Load More