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Author: Greville Pabst, CEO, WBP Property Group

Recent studies have revealed that Australia has amongst the lowest housing affordability in the civilised world.

When compared with major property markets including the US, Canada and UK, Australian capital cities were found to have amongst the lowest levels of affordability, with Melbourne and Sydney offering less affordable housing than major international cities London and New York.

These dramatic findings follow from Australia’s notably positive performance during the GFC, which saw house prices around the country jump to record highs in the recent quarter, with no relative increase in wages. Affordability also eroded further due to recent rises in Australia’s interest rates.

Written by Greville Pabst - CEO, WBP Property Group

As concern perpetuates regarding the impact of climate change there is a growing shift in social consciousness and government policy towards the adoption of more environmentally sustainable practices and lifestyles.

The contentious topic has swept the globe with many countries establishing regulations to reduce energy emissions. In Australia we are witnessing the emergence of new regulatory policy to develop and enforce national housing energy efficiency standards.

Melbourne’s property markets are heating up again, but following a year of ups and downs, how do the experts expect the market to perform in 2010?

Come and hear what is in store for Melbourne's property markets from our panel of presenters as they discuss Australia’s business and economic landscapes and provide their perspective on residential and commercial property.

Road projects bring the surf and city closer

Written by Greville Pabst - CEO, WBP Property Group

As the weather heats up so too do buyers’ appetites for holiday and recreational property located along Victoria’s coastline.

Historically, the spring and summer seasons produce a rise in transaction and enquiry levels from buyers looking to capitalise on the lifestyle and capital growth prospects of coastal real estate. However, following the falls in the holiday market in late 2008 many buyers remain uncertain about the security of this property segment.

Houses in school zones are hot property! When comparing the 2008 list of the 519 public and private secondary colleges across Victoria with the sales data of residential property, there is a strong correlation between property values and proximity to Victoria’s best secondary colleges.

According to the VCAA, based on overall 2008 VCE enter scores, Mac. Robertson Girls’ High School in Melbourne topped the list, with popular schools Melbourne High in South Yarra, Scotch College in Hawthorn and Huntingtower School in Mount Waverly ranking within the top 20, these suburbs all of which have median values well above the Melbourne median figure.