MICM Property - Real Estate News

SO YOU WANT TO MOVE INTO YOUR INVESTMENT PROPERTY?

Tue, 12 Oct 2010

Over the coming months, we'll be taking an in-depth look at some of the more common property management issues that arise from time to time. We hope as property owners, you'll find them useful as a ha...

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MELBOURNE - A CITY ON THE UP.....AND UP!

Tue, 12 Oct 2010

More than 20 per cent of all new homes approved in Victoria this financial year have been in high-rise apartments, as Melbourne's population boom is making it grow not only outwards, but upwards too....

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AUSTRALIA LAGS BEHIND IN RESIDENTIAL ENERGY EFFICIENCY

Wed, 06 Oct 2010

The Australian federal government is expected to announce a national energy efficiency scheme following months of consultation with industry and numerous submissions from stakeholders. But will the sc...

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CITYTEMPO LEADING THE WAY IN THE CITY

Wed, 06 Oct 2010

CityTempo, MICM Property's newly completed apartment complex project, is a thoroughly modern and compact living arrangement integrated into the sophisticated and diverse heart of 21st Century Melbourn...

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INTEREST RATES ON HOLD - OCTOBER 2010

Tue, 05 Oct 2010

It's good news for mortgage holders with the Australian Reserve Bank officially opting to keep interest rates on hold for another month. Although there has been talk of rate rises in recent weeks,...

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RBA LEAVE INTEREST RATE UNCHANGED - SEPTEMBER 2010

Tue, 07 Sep 2010

Mortgage holders can breathe easier for another month after the Reserve Bank of Australia today announced they would not be increasing interest rates. In a sign that the Reserve Bank thinks the Aust...

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MELBOURNE RENTAL VACANCY RATES REMAIN LOW

Tue, 07 Sep 2010

Australian Property Monitors (APM) figures show the rental market in the June 2010 quarter continues with low vacancy rates, but limited rental growth. APM predicts that as leases begin to expire, a s...

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VICTORIA TO DUMP FIRE SERVICES LEVY

Tue, 07 Sep 2010

Victorian Premier John Brumby has announced that the state will abolish the insurance industry-based fire services levy (FSL).Speaking in Melbourne in an official response to the 2009 Bushfires Royal...

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HAVE YOU REALLY EXPLORED MELBOURNE's CBD?

Tue, 07 Sep 2010

One of the things most of us take for granted living in Melbourne's inner city are our range of fabulous laneways and arcades dotted throughout the CBD. But have you really toured them in detail and u...

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SAVING WATER IN HIGH-RISE SAVES EVEN MORE WATER!

Tue, 07 Sep 2010

In March 2009, Southbank Towers piloted South East Water's Fire Sprinkler Program. The good news is, the tower has reduced its fire sprinkler testing water consumption from approximately 2 million lit...

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MELBOURNE HOUSING SHORTAGE DRIVES APARTMENT BOOM

Tue, 07 Sep 2010

There's a building boom in Melbourne's apartment market and it is being driven by changing lifestyles, housing shortages and investors, according to Melbourne property experts. The growth in apartme...

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INTEREST RATES UNCHANGED - AUGUST 2010

Tue, 03 Aug 2010

Good news for home owners and investment buyers. The Reserve Bank of Australia today officially announced that interest rates will remain unchanged at 4.5%. The Reserve Bank has decided not to increas...

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ODD SPOT: A NEW CITY FOR AUSTRALIA?

Tue, 03 Aug 2010

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...

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MELBOURNE'S GROWING PAINS?

Tue, 03 Aug 2010

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 o...

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INVESTORS DRIVING UP APARTMENT PROJECTS

Tue, 03 Aug 2010

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,...

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INNER MELBOURNE REAL ESTATE MARKET HEALTHY

Tue, 03 Aug 2010

House prices in Melbourne have received all the real estate press of late. Mostly due to their 20% price rise in the year to March compared to the same period last year. In comparison, units/apartment...

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RBA KEEP INTEREST RATES ON HOLD JULY 2010

Tue, 06 Jul 2010

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 in...

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MICM GOES MOBILE!

Tue, 06 Jul 2010

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 ren...

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AUSTRALIAN REAL ESTATE COOLS, MELBOURNE THE WARMEST

Tue, 06 Jul 2010

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 bigg...

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HOME BUYERS WAITING FOR ELECTION PROMISES?

Tue, 06 Jul 2010

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,...

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MELBOURNE REAL ESTATE CLOSES IN ON OVERTAKING SYDNEY

Tue, 06 Jul 2010

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...

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INTEREST RATES UNCHANGED - JUNE 2010

Tue, 01 Jun 2010

The Reserve Bank of Australia today officially announced that interest rates would remain unchanged at the official cash rate of 4.5%. This comes as welcome relief for Australian home owners after six...

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CHANGES FOR VICTORIAN FIRST HOME BUYERS

Tue, 01 Jun 2010

Victorian first homebuyers buying newly constructed homes will have up to $4000 extra to put towards a deposit from July 1. In its 11th budget, the Victorian government has announced it will extend th...

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COUNCIL PLANNING CHANGES FOR PROPOSED NEW LOOK SOUTHBANK

Tue, 01 Jun 2010

Changes to zoning and development laws to enhance environmental sustainability are part of a proposed 30-year-plan for Southbank by the City of Melbourne. The Draft Southbank Structure Plan 2010 inclu...

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WATER SAVING - FIRE SPRINKLE PROGRAM CUTS WATER USE BY 59%

Mon, 31 May 2010

Working with South East Water, MICM Property Owners Corporation actively participated in South East Waters Fire Sprinkler Program. The program is designed to assist buildings in making adjustments t...

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OWNERS CORPORATION SECURES MANAGEMENT OF TWO MORE BUILDINGS

Mon, 31 May 2010

It's with great pleasure and excitement that we announce MICM Property's Owners Corporation has been successful in securing two additional buildings to manage within the inner-city Melbourne area. MIC...

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MELBOURNE HAS CHINA TOWN, NOW CHINA TO GET MELBOURNE TOWN

Mon, 31 May 2010

Melbournians travelling to China need no longer feel home sick. With the Chinese population moving to urban areas at an unprecedented rate, the firm Architektonic has developed a master plan to build...

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RBA INCREASE INTEREST RATES RISE BY ANOTHER .25%

Tue, 04 May 2010

The Reserve Bank of Australia today officially lifted interest rates for the third straight month. The increase of .25% to 4.5% means interest rates are now at their highest since the end of 2008. The...

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RENT RISES ACCELERATE IN MELBOURNE

Tue, 04 May 2010

Five interest rates rises in the last seven months are having an impact on Australia's rental market, with rental price growth tipped to head back towards 7-10% over 2010. Australian Property Monitors...

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MELBOURNE APARTMENTS IN STRONG DEMAND

Tue, 04 May 2010

MICM Property Sales Manager, Brett Townsend-Booth, says the company is seeing strong market and prices for properties. For example, on the weekend, a Southbank property went to auction with the vendor...

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HIGH SERVICE STANDARDS LEAD TO BUSINESS SUCCESS FOR MICM PROPERTYS OWNERS CORPORATION

Tue, 04 May 2010

It's with great pleasure and excitement that we announce MICM Property's Owners Corporation division has been awarded management of The Arkley building, Docklands. The Arkley, located at 20 Rakaia Way...

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MELBOURNE TO SURPASS SYDNEY AS AUSTRALIAS LARGEST CITY BY 2037

Tue, 04 May 2010

A 10 year fall in the percentage of migrants settling in NSW and the lowest rate of economic growth of all mainland states has Melbourne on track to overtake Sydney as Australia's biggest city, a repo...

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MELBOURNE CORPORATE APARTMENTS NEW WEBSITE IS LIVE!

Tue, 04 May 2010

MICM's brand new Corporate Apartments website is now live! MICM Property has developed a new rental service after identifying a specialist need for corporate rental services. The website specifically...

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MELBOURNE GREEN LIVING WATER SAVING UPDATE

Tue, 04 May 2010

Dorothy LeClaire (Manager, MICM Owners Corporation Managers) was one of the speakers at the recent 'Greener Apartment Living' Eco-City Forum in Melbourne. Organised by the City of Melbourne and Depart...

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INTEREST RATES RISE TO 4%

Tue, 02 Mar 2010

In bad news for Australia's borrowers, home owners now face increased mortgage repayments as the RBA officially raised interest rates by .25% to 4% this afternoon. The widely expected rate rise will a...

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REAL ESTATE LCD SCREENS NOW DISPLAYING

Thu, 11 Feb 2010

In addition to our brand new websites, we're excited to announce our LCD property display screens are now fully installed and operational across our inner city office network. Much like our websit...

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RBA OFFICIALY LEAVES INTEREST RATES ON HOLD

Tue, 02 Feb 2010

Australia's borrowers have been given a reprieve, with the Reserve Bank surprising everyone by leaving interest rates on hold - for now at least. The RBA left its key cash rate unchanged at 3.75 per c...

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MELBOURNE RECORDS HIGHEST ANNUAL GROWTH OF ALL CAPITAL CITIES

Mon, 01 Feb 2010

Melbourne houses recorded the highest annual growth rate among the state capitals, leaping 18.5 per cent to exceed the half-million dollar mark for the first time. Big gains for suburbs led by East Me...

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NEW MICM POINT COOK WEBSITE IS LIVE

Mon, 25 Jan 2010

Out with the old and in with the new.....website that is. We're pleased and very excited to announce our new MICM Point Cook website is now up and live.The new MICM Point Cook website follows on f...

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MEDIAN MELBOURNE HOMES TO HIT $1M IN DECADE

Wed, 20 Jan 2010

Real estate analysts predict the median house price will be $1,166,344. According to property expert and wealth creation author Michael Yardney, the trend will be repeated in every capital city across...

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FIRST HOME BUYERS GRANT TO DOUBLE?

Fri, 15 Jan 2010

Victoria's real estate industry has put the pressure on the state government to double its first home buyers' grant. New figures for 2009 showed a record number of Victorians took advantage of the...

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MELBOURNE APARTMENT PRICES RISE 19% IN 2009

Wed, 13 Jan 2010

Melbourne's median apartment price increased strongly in the first 11 months of 2009, up 19 per cent to $440,000 according to RP DataSimilarly, Melbourne house prices soared by 17 per cent, outstrippi...

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MICM XMAS DONATION TO CHARITY

Thu, 24 Dec 2009

Instead of sending traditional Christmas cards this year, we decided to e-mail our best wishes to our customers. Rather than keep the savings, we instead made a generous donation to the Melbourne City...

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MICM ALL A FLUTTER ON TWITTER

Tue, 22 Dec 2009

We're very excited to announce our very own MICM Property Twitter page - http://twitter.com/micmproperty. In addition to our MICM Facebook page, our Twitter page will allow us to promote key Melbo...

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CHRISTMAS/NEW YEAR'S OPENING HOURS

Mon, 21 Dec 2009

Listed below are the MICM Property branch operating hours and emergency contact details for this year's festive season. MICM Head Office - 178 City RoadOur office at 178 City Road will be closed as...

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MICM PROPERTY IS ON FACEBOOK!

Tue, 15 Dec 2009

If you hadn't noticed already, MICM Property has joined the online social community. That's right, we're on Facebook! In addition to keeping you up to date on all things MICM, you can read breakin...

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MELBOURNE'S POPULATION HITS 4 MILLION

Mon, 07 Dec 2009

Melbourne's population has reached 4 million and Australia's total population has hit 22 million according to The Bureau of Statistics. Victoria's population alone jumped 112,000 in the year to March....

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INNER MELBOURNE PROPERTY PRICES RISE

Wed, 09 Dec 2009

A lack of property listings and an increase in buyer demand is pushing up the price of inner Melbourne property prices, including apartments. Apartments prices rise 4.6%The Real Estate Institute of...

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INNER CITY APARTMENTS SNAPPED UP

Fri, 04 Sep 2009

The inner city apartment market is being driven by a combination of first home buyer bonuses, increasing population and improved affordability. Inquiries are quickly turning into sales as consumers re...

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OWNERS CORPORATION LOT OWNERS OUT OF POCKET AT VCAT

Mon, 29 Jun 2009

New owners corporation (formerly body corporate) dispute resolution procedures are leaving owners out of pocket when seeking to recover outstanding debts from other lot owners, according to MICM Prope...

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PROPERTIES FOR LEASE AT 'CITYSIDE'

Tue, 30 Jun 2009

MICM Property is currently leasing the newly completed CitySide building, located at 58 Jeffcott Street, West Melbourne. CitySide is only one block from all the excitement of the Melbourne CBD as well...

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MICM PROPERTY LEADS THE WAY IN WATER CONSERVATION MANAGEMENT

Fri, 04 Sep 2009

Together with South East Water, MICM Property's Owners Corporation Department has been working with a prominent residential building in Southbank to reduce the amount of drinking water used for fire t...

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MALAYSIAN MINISTRY OF HOUSING VISITS MICM PROPERTY ON FACT FINDING MISSION

Fri, 04 Sep 2009

On the 17th of August 2009, MICM Property director, Keith Bayliss, and owners corporation department manager, Dorothy LeClaire, met with the Minister of Housing and Local Government Malaysia, Minister...

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MICM PROPERTY OPENS NEW HEAD OFFICE

Fri, 04 Sep 2009

MICM Property has completed its relocation to its new head office at the 'Southbank One' building on the corner of Power Street and City Road, Southbank. The new office will better accommodate the...

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VUE GRANDE AND CITYSIDE A LEASING SUCCESS

Fri, 04 Sep 2009

MICM Property is nearing the end of a very successful leasing campaign for two newly completed residential apartment buildings; 'CitySide' located at 58 Jeffcott Street, West Melbourne; and 'Vue Grand...

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MELBOURNE LEADS THE WAY IN HOUSE PRICE GAINS

Fri, 04 Sep 2009

House prices gained 3.3 per cent in the June 2009 quarter after four straight quarters of decline, according to figures released by the Australian Bureau of Statistics (ABS) this month The capital...

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UPDATE - IMPENDING CHANGES TO THE FIRST HOME OWNERS BOOST SCHEME

Mon, 14 Dec 2009

A cap of $750,000 on the value of homes eligible for the first home owner grant (FHOG) applies from January 1, 2010. The introduction of a cap was first announced in the 2009/10 Victorian State Budget...

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