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Melbourne has just become bigger. Much bigger in fact. Already one of the world's largest cities by geographic size - stretching 100km’s from east to west - Victoria's Parliament voted in favour of expanding Melbourne by a further 43,600 hectares to accommodate further residents.The land, roug... read news item >>
Residential property projects launched in inner Melbourne in the six months to June 30 had an average 150 apartments, more than double the average of 61 apartments in the first six months of 2008, according to recent research.The average number of apartments in new projects in inner Melbourn... read news item >>
Here’s something a little different. A major new city to house the millions of new residents expected to come to Australia could be needed within the next 40 years, according to Treasury secretary Ken Henry. An additional 10.5 million people are expected to flock to Australia's capitals by 2056. Maj... read news item >>
Up until 2004, the median Melbourne dwelling price remained a constant 60 to 70 per cent of the Sydney median dwelling price. Since then, however, Sydney median house and unit prices have had subdued growth, while Melbourne has been one of the country's best-performing property markets, particularly... read news item >>
Good news and bad news. The bad news is Australia's property market is cooling off after a second consecutive month of single-digit gains. The good news, however, is Melbourne experienced the biggest gains of all Australian capital cities. Figures released today from the RP Data-Rismark ind... read news item >>
The Reserve Bank of Australia today officially announced interest rates will be kept on hold at 4.5% for another month meaning borrowers have another month of steady payment costs, despite mounting inflation pressure. As was widely expected, this marks the second consecutive month of unchanged rat... read news item >>
Wow. How things can change in only a short space of time. One moment Kevin Rudd is Prime Minster of Australia. The next, he is out the door and Australia has its very first female Prime Minister, Ms Julia Gillard. This raises many questions. Not least of which is what impact will this change... read news item >>
Browsing micm.com.au on your iPhone and Blackberry mobile phone just got much better! We're very excited to announce we've configured micm.com.au so that you can now search for property to buy and rent much easier and faster on your iPhone and Blackberry mobile phones. It’s all thanks to our new ded... read news item >>