The march of apartment living into Melbourne's outer east has gained pace over recent years, with suburbs not generally accustomed to apartment living now attaining their own share of the expanding apartment market pie.

The latest suburb to enter the fray is Bayswater, with a nine level residential building slated for 711-717 Mountain Highway. The prospective apartment project represents Bayswater's first entry into the Urban Melbourne Project Database, and enforces the growing presence of apartment projects in areas that were until a short time ago the exclusive domain of detached housing.

Hudson Bond Commercial handled 711-717 Mountain Highway's sale last…

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Renting your investment property out to family or friends can sound like an ideal situation, however it can quickly turn into a wolf in sheep’s clothing. What may seem sensible to begin with, renting to family and friends can cause problems if the right measures are not implemented.

Tenants who are overly close with their landlords will sometimes take advantage of the situation, even if it is unintentional. Whether it’s delayed rent payments or a below market value rent, friends and family members will generally feel more comfortable and may not treat your rental agreement seriously.

It can be particularly…

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Investors entering the property market need to protect themselves against overzealous rental quotes. Often the agent spruiking the proposed rental return is a sales agent and not a property manager.

To protect yourself against an unwanted and unexpected shortfall in the income on your new investment, disregard a selling agent’s rental assessment.

That’s not to say that every agent will inflate the rental estimate to make a sale. The reality is that there is an incentive to do so, though.

To get a true read on the market, have an experienced independent local property manager assess the property’s respective rental…

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Melbourne has ranked as the world's most liveable city for the sixth year in a row, but terrorism and social unrest have dragged many ratings lower.

Melbourne is the world's most liveable city, according to The Economist Intelligence Unit's Global Liveability Ranking index. It is the sixth year the city has been awarded the prize, which ranks lifestyle factors in 140 cities around the world.
 
The index ranks residents' lifestyles according to stability, healthcare, culture and environment, education and infrastructure.
 
Melbourne scored 97.5 out of 100, only one point more than second-place getter, Vienna, Austria. Adelaide was equal fifth with…

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