Melbourne identified as one of the top cities in the world in which to invest

Melbourne’s controversial Fishermans Bend urban renewal precinct has been instrumental in making the city one of the top investment hotspots in the world, according to a new global report.

It joins the US cities of Austin, New Mexico, Miami, the Dutch city of Amsterdam, Germany’s Berlin and India’s Bengalaru on the list of cities identified in Knight Frank’s 2017 Wealth Report as presenting “exciting opportunities for private property investors in 2017”.

Melbourne’s growing population, projected to overtake Sydney’s by 2036, a 24 per cent increase in the number of workers based in the inner city in the past decade and consistently high performance in liveability indexes were other reasons for its attraction for investors, the report found.

Suggestions: melbourne property market,  choosing the right location,  find the right investment property,  latest news

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Daniel Andrew's property stimulous changes will lead to higher prices

Property expert Jeff Grochowski, suggests that the Victorian Government's upcoming changes to property taxes will lead to higher prices and a housing stock reduction.

The Victorian Government has announced that from the 1st of July 2017, first home buyers will not pay stamp duty on purchases less than $600,000.00. There will be a sliding scale of stamp duty up to a limit of $750,000.00.

Further measures, aimed at addressing a housing shortage, include, a 1% levy on housing stock including apartments and houses held by investors that are intentionally being kept vacant ( There are suggestions that overseas buyers, especially Chinese residents are the main target )

Suggestions: melbourne property market,  latest news,  jeff grochowski

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Auction Summary (Victoria)

A clearance rate of 79 per cent was recorded this weekend compared to 81 per cent last weekend and 74 per cent this weekend last year. There were 1254 auctions reported to the REIV, with 992 selling and 262 being passed in, 124 of those on a vendor bid. The REIV collected 96% of auction results last week with a total of 1289 results including 14 postponed and 21 withdrawn

Suggestions: auction results,  smart property investment,  understanding the property market,  latest news

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Every metre counts: South Melbourne is our most expensive suburb - REIV

At $4 million Toorak has Melbourne’s highest median house price but South Melbourne and nine other suburbs command more by the square metre, new Real Estate Institute of Victoria data shows.

 South Melbourne, which has grown in stature in the past decade, tops the list for land value city-wide – at an impressive $11,212 per square metre. The suburb also has an impressive median house price of $1.6 million, as of September this year.

Homes in Albert Park and Carlton North also attracted top dollar by square metre, at $10,495 and $9,966 respectively.

Suggestions: latest news,  melbourne property market,  smart property investment,  jeff grochowski

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Sydney should look to Melbourne for housing solutions: REINSW

Sydney needs a better balance of new apartments, single dwelling homes and medium density developments, much like Melbourne has, according to the Real Estate Institute of New South Wales.

REINSW President John Cunningham said the NSW Government is currently reviewing its planning policies which he described as too convoluted.
“Everyone has an opinion on Sydney’s property problems, but there is a solution available which can help to create vibrant integrated communities
,” Mr Cunningham said.

Suggestions: latest news,  property market,  jeff grochowski,  expert advice

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Sydney residential vacancy rates tighten


Residential vacancy rates have tightened across the Sydney market led by Middle Sydney, according to data released by the Real Estate Institute of New South Wales.

REINSW Deputy President Brett Hunter said the August 2016 REINSW Vacancy Rate Survey saw Sydney with an overall vacancy rate of 1.8 per cent, down 0.1 per cent.

Suggestions: property market,  understanding the property market,  expert advice

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Real estate agent finding referral service facts

Internet real estate websites assist people to find investment properties or a new home. Alongside the property listings, a new type of business has emerged " Real estate agent referral websites.

How do real estate agent rating and referral sites work?

Suggestions: getting the right property advice,  expert advice,  smart property investment

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Why all the best properties never go to auction

With record low interest rates and stock shortages in Sydney and Melbourne, the market is heating up again, with a record number of property selling for $1 million or more.

But there’s a whole other list of potential dream homes you won’t even hear about if you’re focused on what real estate agents have to dish up.

Off-market sales are where savvy home buyers and investors avoid the pitfalls of buying at auction, where emotions run high and the quoted price is woefully unrealistic.

Suggestions: getting help in property investment,  expert advice,  getting a head start in property

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Accrue Real Estate urges home buyers to consider investment property first

The property market for first home buyers is challenging. Prices are very high and incomes have not kept pace with the percentage rise in property prices.

Many young Australians and even older Australians, despair at ever getting into the property market.

Suggestions: first home buyers,  can i afford to invest in property,  smart property investment

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Melbourne property market affected by negative gearing changes

In the article, written by Paul Bird, REIV Chief Executive Officer, Geoff White, said growth in Melbourne’s north was being driven by buyers seeking affordability.

Suggestions: melbourne property market,  property growth,  tax and property

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Accrue Real Estate sees benefits as RBA leaves interest rates on hold

The Reserve Bank of Australia has decided to continue with its policy of keeping mortgage rates law.

RateCity reported that the Reserve Bank may have left the cash rate unchanged at 1.75 per cent today, but market analysis indicates there’s still at least one rate cut still to come in 2016.

Suggestions: interst rates,  melbourne property market,  accruerealestate,  reserve bank

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Survey shows property investment is important to West Aussies


REIWA President Hayden Groves said that in the lead up to the Federal Election, it was important that REIWA, as an industry body, give the WA community a chance to be part of the conversation on negative gearing and property investment.

Suggestions: getting help in property investment,  property market,  negative gearing

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MAKE YOUR PROFIT WHEN BUYING A MELBOURNE PROPERTY

With expert real estate advice, buying new Melbourne property can be rewarding.

Suggestions: how to invest in property,  find the right investment property,  tax and property

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DUE DILIGENCE CHECKLIST

As of the 1st October 2014 and separate to a vendor’s obligation to provide a vendors statement changes to the Sale of Land Act now require estate agents to have the following document made available property purchasers.

Suggestions: smart property investment,  getting help in property investment,  melbourne property market,  becoming a first time investor,  property investment legals

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INDEPENDENT INVESTMENT HEALTH CHECK

Using best-practice financial health software, we show you what you can - and can't - afford to invest in.

Suggestions: can i afford to invest in property,  getting a head start in property,  becoming a first time investor,  protecting your investment,  protecting your property

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