September 2023 Newsletter
We strive to stay up to date on the latest market trends. Here are a few articles we think are worth reading.
Over the past year, the property market in Melbourne has experienced some notable trends. Firstly, housing prices have seen a steady increase, driven by a high demand for property coupled with limited supply. This surge has primarily been observed in the outer suburbs, where more affordable housing options are sought after.
Additionally, the rental market in Melbourne remains competitive, with strong demand and rising prices. The pandemic-induced shift towards remote work has resulted in increased interest in properties with home office spaces and outdoor amenities. Due to this preference, properties featuring a backyard or access to green spaces have become particularly popular.
Furthermore, sustainable housing practices and energy efficiency have gained prominence in recent years. Both buyers and renters alike are showing increased interest in properties that offer sustainable features such as solar panels, rainwater tanks, and energy-efficient appliances.
It is important to note that Melbourne's property market can be influenced by various factors, including government policies, economic conditions, and demographic changes. Therefore, it's always advisable to consult up-to-date resources such as real estate websites, news outlets, or local property market reports for the most accurate and detailed information about current trends in Melbourne's property market.
Here are a few articles making news at present that we think are worth reading:
- The Voice Movement
The Voice movement in Australia gained significant attention and support in recent years. It emerged as a response to inequality and discrimination faced by Indigenous Australians in various sectors, particularly in the country's political representation and decision-making processes. While it largely focuses on empowering and amplifying Indigenous voices, the movement encompasses a broad range of objectives, including constitutional reform, land rights, and social justice.
- The Reserve Bank
The Reserve Bank of Australia (RBA) is the country's central bank and plays a vital role in the Australian economy. Established in 1960, its main responsibilities include maintaining price stability, ensuring the stability of the financial system, and contributing to the general economic welfare of the nation. As Australia's central monetary authority, the RBA is actively involved in formulating and implementing monetary policy, managing the country's foreign exchange reserves, and overseeing the smooth operation of the payment systems. Through its actions and decisions, the RBA aims to foster economic growth, promote stability, and uphold the long-term prosperity of Australia and its citizens.
- Qantas – Good bye Mr Joyce
The Albanese government introduced new legislation to parliament last week that angered some employer lobby groups. But there was a lot going on in the news cycle, so you may have missed it. Much of the public's attention was focused on Qantas as the airline endured another one of its public relations nightmare weeks. It took attention away from the fact that the government's new industrial relations legislation and Qantas are linked in important ways. So, let's have a look how they're linked, because it's worth understanding.
COMMUNITY BULLETIN BOARD
What's new in your neighbourhood? These are a few recent updates that are happening in some of our local communities.
- Goddess: Power, Glamour, Rebellion
ACMI curated an exhibit covering the 120-year history of cinema which is focused entirely on the women in the industry. Giving credit to the female pioneers of moving pictures and the ever-groundbreaking leading ladies of today. An appreciation of feminine strength and prowess.
- Things are heating up at Kryal Castle
They have some new creatures landing soon. Come meet the little hatchlings and the full-sized fire-breathing dragons. While you're here, try your hand at axe throwing, archery or potion brewing. Don't miss the dragons performing magical feats with their trainers in the main arena, and the meet and great afterward.
Spring is blossoming right before your eyes
For two weeks every year, the cherry blossoms will open up and you can enjoy the wonder of spring blossoms. Visit the blossom festival at CherryHill to watch them bloom, enjoy a high tea or take a workshop. What better way to welcome spring.
CAUGHT OUR ATTENTION
Here are a few things that members of our team have stumbled across over the month. Whether thought-provoking, interesting or entertaining, we want to share them with you.
- According to the good news podcast, Mattel has released a four-doll sets known as the Barbie eco leadership team and a Jane Goodall Barbie doll both made from 90% recycled plastic. Mattel has said they want to be 100% recycled, recyclable or bioplastic by 2030.
- Feel better, Live More published a podcast entitled, Why Kindness is Contagious and How to Make it Spread, explaining how acts of kindness have a ripple effect. One act can positively affect many more people than the one intended recipient. Have a listen and challenge yourself to the 7 day kindness challenge.