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.
Jeff Grochowski from Accrue Real Estate discusses the lifestyle and property investment potential of Black Rock.
Brighton is probably the most well known and affluent suburb on the shores of Port Phillip Bay. It is a really good place to live. It is close to the city. The beaches are popular for locals and visitors alike.
Hampton is fast gathering a reputation as the next generation's trophy property location and it is now starting to mirror Brighton in terms of lifestyle and in some cases, property value. Nearby, Black Rock offers lower prices in an area undergoing significant urban revitalisation. Access to a very interesting beach and foreshore recreation area have made more and more investors and home seekers look at buying into the suburb.
The REIV is advising buyers to look beyond the Melbourne CBD and inner suburbs for their first property purchase.
REIV CEO Geoff White said buyers are increasingly looking for value in regional Victoria.
“New growth areas provide buyers with the opportunity to enter the property market at a more affordable rate, yet still on a main VLine service into Melbourne.”
“Many of these areas, especially towns within commuting distance of the city, are also recording solid annual price increases and are poised for future growth.”
“Investment and infrastructure initiatives by both the state and federal government are likely to deliver further capital growth in these areas.”
MELBOURNE property’s price growth doubled the national average in the year to June, a new report shows - and experts say there’s more to come.
Figures released today by the Australian Bureau of Statistics show Melbourne’s average residential price increased 8.2 per cent during the 12 month period - the most of any capital city.
Paul Bird from the REIV issued a media release that put a spotlight on those Melbourne suburbs where people should consider the economics of buying as opposed to renting.
THE mortgage belt Epping precinct in Melbourne’s outer north has been dubbed one of Australia’s best “cheapie” real estate markets.
The report, by real estate guru Terry Ryder, labels these five areas smart places to invest in property, stating that each have been boosted by affordability, job opportunities and infrastructure spending.
Year after year, Melbourne has been named in the top ten most livable cities in the World. Does that make realestate less affordable?
Each year, the list of the most popular cities in the World, draws attention to the leading locations and that focus, affects realestate prices. More people wanting to live somewhere that is very popular, leads to higher demand and that extra stimulous, leads to higher property prices.
New REIV data shows that the outer north is especially solid - Craigieburn is leading the way, with auction volumes increasing 45 per cent and sales up a significant 88 per cent over 2015 figures.
We were able to choose the investment property we liked the best and were made to feel no pressure by our consultant to buy any which one.
We are happy with its performance to date and the results we have received from our investment have been one of our most positive experiences and outcomes from Accrue.
Melbourne 27 June 2015. RealEstate.com.au has released statistics that show that Melbourne real estate continues to be in high demand, even in the traditionally quieter winter months.
You should always take interest rates into account when choosing a home loan or mortgage. Be wary that lenders may attract consumers with low rates for the first few term of a loan, but may charge much higher rates thereafter.
In a step that's rare in the real estate industry, all Accrue Real Estate clients are referred to independent experts before considering purchasing
real estate or putting in a written offer to purchase property.