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Content Item - 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.

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

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Content Item - DANIEL ANDREW'S PROPERTY STIMULUS 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 )

Tags: melbourne property market,  latest news,  jeff grochowski

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Content Item - 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.

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

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Content Item - 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.

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

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Content Item - 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

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

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