23 Souter Crescent,Footscray.

First home buyer pays $810,000 for Footscray townhouse with ‘grand’ feel

The new home owner only inspected the house for the first time on Thursday,and made a snap decision to bid for the home. It was one of 393 auctions on Saturday.

  • Jim Malo

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Irene Cus has lived in her home in Keilor Downs for 20 years.

The affordable Melbourne suburbs where residents never want to leave

Properties in these beloved suburbs change hands only once every 20 years,and residents say it’s because everything they need is close to home.

  • Jim Malo
Hayden Morris just bought his first home in Blackburn,and said the rate cut prompted him to purchase.

The Melbourne suburbs where house prices are falling fastest right now

House values have risen slightly since the Reserve Bank cut interest rates,but buyers still have the upper hand in some areas.

  • Jim Malo
Home values are rebounding as interest rates start to fall.

Where the property market is rebounding fastest as interest rates fall

Some home owners are fielding more competition for their properties and faster price rises than others as sentiment picks up.

  • Jim Malo andElizabeth Redman
Sudhan Mistry walks his dog Cola in Fitzroy North.

How much it costs to live in Melbourne’s 10 most liveable suburbs

These suburbs have parks,shops,schools,transport and a great community feel,but home buyers might be hard-pressed to find a bargain.

  • Jim Malo andElizabeth Redman
Mortgage repayments are unaffordable for first home buyers in every city but Darwin.

First home buyers face mortgage stress in every capital city,except one

Even after saving for years,first home buyers face moving goalposts and unappealing compromises to get their foot on the ladder.

  • Jim Malo
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Energy efficient apartments,such as Nightingale’s Parklife building,will soon have a more granular rating system.

The type of home that will save you $25,000 in energy bills

A star rating system shows which homes will have lower costs over time and which are set to rise in value faster than their neighbours.

  • Jim Malo
Emmanuella Grace is hoping a series of rate cuts will allow her breathing room.

Emmanuella bought a home at the market peak. Now she has room to breathe

While the rate cut to 4.1 per cent will shave a small portion off mortgage repayments,home owners say the savings pale in comparison to the rising cost of living.

  • Jim Malo,Alexandra Middleton andElizabeth Redman
A rare window of opportunity could open for home buyers thanks to new government incentives and a cooling market.

What falling interest rates will mean for the property market

Even if the cash rate doesn’t fall on Tuesday,cuts are widely tipped this year – and some punters are already trying to get ahead of the curve.

  • Jim Malo
The changes to lending requirements are only expected to give a modest boost to borrowing capacities.

How much more money home buyers can spend on a property now

The change could be the difference for some buyers at the edge of being able to purchase,but on the flipside,it may add to demand.

  • Jim Malo