The Australian burea of Statistics has just released it’s latets long term population growth figures, projecting almost 10 million migrants over the next 50 years, which would swell Australia’s population to more than 40 million people by 2060 and more than 50 million by 2100, under dramatically higher new projections compared to their projections of just 5 years ago.
This growth is primarily due to migration. By 2060, it’s estimated that Sydney would have 8.4 million, an increase of 80 per cent from now. Melbourne would overtake Sydney, doubling its population to 8.5 million. Perth would more than double to 5.5 million people, and Brisbane to 4.8 million. Both cities would be bigger than Sydney is now.
According to an article in todays Sydney Morning Herald: Click Here To Read More
We have very limited access to a brand new off plan project in the Brisbane suburb of Nundah. This is a growth suburb with a huge amount of potentail given the new infrastructure and expected growth in employment in surrounding areas.
The Nundah Market
View The Nundah Market & Project Video
Nundah has undergone significant urban renewal over the last decade with the rejuvenation of Nundah Village, increased focus on connectivity and transport links, accessibility to employment nodes & infrastructure and amenity. Click Here To Read More
Take advantage of Brisbane’s forecast 16% growth in property prices over the next 3 years* by investing in one of Brisbane’s high growth inner city locations.
BRAND NEW OFF PLAN APARTMENTS IN INNER CITY GROWTH LOCATION – RELEASING SOON
REGISTER YOUR INTEREST BELOW FOR EARLY ACCESS!
Located in Woolloongabba, one of Brisbane’s last inner city suburb’s to undergo an urban renewal program (we have seen the very positive effects on capital and rental growth that these programs have had on other Brisbane inner city locations). Over the last 5 years this area has shown double digit rental growth every year for one and two bedroom apartments. As this area continues to become more attractive to tenants and owner occupiers as it develops we expect excellent prospects for future growth.
That’s the view of property forecaster BIS Shrapnel in their Australian Housing Outlook which they released on Tuesday.
They expect that the continuing under-supply, strong demand driven by population growth and overseas immigration will push Brisbane prices up by 16% over the next 3 years.
It’s not just BIS Shrapnel that are forecasting big growth for Brisbane in the coming years, many forecasters are suggesting that Brisbane has excellent potential for solid growth in the coming years. Click Here To Read More
Walk Score® measures the number of consumer destinations that are within walking distance of a dwelling. The scores rate from 0 – definitely a location where you would require a car, to a maximum 100 – which is a most walkable suburb; ie if you live in that location most things that you are likely to need are within walking distance.
A Higher Walk Score Gives Your Investment Property A Boost!
Not surprisingly a number of studies have now been done which confirm a strong correlation between a high Walk Score to both higher capital growth and rental growth. Click Here To Read More
As many of our investors are aware we just recently recent two new Melbourne off plan apartments. One is located in the trendy inner city suburb of Prahran, just off the popular Chapel st, known for it’s cafes, restaurants & boutiques.
Our investors often ask how our off plan apartments compare with existing property that is selling on the local market. Well here’s a great example of how our brand new apartments (that can be secured on just 10% now and no more to pay until completion in 2015) compare to an existing property that has just sold.
The property below sold in mid-September (when we launched our new Prahran apartments) it was an auction sale to the public and it sold for $642,000.
• It is 2 bedroom 1 bathroom apartments with 1 car space. Click Here To Read More
The latest RP Data statistics show that Melbourne’s house price values have risen by 4.98%.
More than 1,000 homes went to auction across Melbourne on Saturday as the spring sales begin and it was a larely successful weekend for most vendors, with an initail auction clearance rate of 76% being reported by the Real Estate Institute of Victoria.
Sydney’s clearance rates were again over 80% and whilst Melbourne is not seeing these boom figures it is seeing sustainable reulsts which have been above 70% all year. The reduced interest rates are now taking effect as more buyers enter the market and Melbourne is certainly showing the signs of being at the beginning of it’s next property cycle.
According to the R.P. Data stats, Melbourne house prices have now increased 8.6% since the last trough (compared to 7.7% for the avergae of the 5 Capital cities) and since the last property peak Melbourne is still down -3.4%, compared to Sydney which is alreday up 5%.
It looks like the ideal time for property investors to be entering the market. The signs are alreday positive but the latest figures suggest that there is still plenty of upside to be had over the few years as interest rates are expected to stay low for some time to come.
Register your details here to receive full information on our latest release off plan Melbourne apartments releasing Sept 20th 2013, available to our investor network prior to their public release.
We have some great new pre-public release projects available over the next few weeks as the property market continues to gain momentum.
Following the recent interest rate drop the flow on effect is now gaining momentum as the property market shows increasing signs of strength.
The latest report from RP Data shows that since the property market bottomed out in May last year, capital city residential home values have grown a cumulative 7%, suggesting that the market is well past it’s ‘recovery’ stage and is now heading in to a growth stage.
Further adding to these figures are the latest combined capital city auction clearance rates which hit 71.5% last week, their highest rate since the week ending 2 May 2010, so people are buying and they are buying now.
We have had a very solid first half of the year with projects that we have launched now fully sold out, many in record time.
We are currently working with vendors to source new stock in:
Melbourne, Brisbane & Sydney.
Our new Melbourne projects will be the first opportunity.
New Pre-Public Release Melbourne Projects – Don’t Miss Out As These Will Go Quickly:
In two weeks time we will have some brand new off plan opportunities, all new to the market projects that we will have for an exclusive period prior to their public release. These projects are particularly well located and offer excellent investment potential.
Melbourne Inner City Suburbs: Click Here To Read More
The Economist Intelligence Unit liveability ranking has just been released and Melbourne has been announced the winner, from 140 cities, providing the best living conditions for the third year in a row.
The top 10 cities in the world for living conditions
As you can see, Australian cities faired very well, Melbourne at number 1, Adelaide in equal 5th position, Sydney at number 7 and Perth came in at number 9. Brisbane ranked 20th, which is still a great result out of 140 cities.
Melbourne shared the number one spot last year with Vancouver, which has slipped back to number 3 this year.
How the Global Livability Report works:
According to The Economists Intelligence Unit web site:
The Economist Intelligence Unit’s liveability rating quantifies the challenges that might be presented to an individual’s lifestyle in 140 cities worldwide. Each city is assigned a score for over 30 qualitative and quantitative factors across five broad categories:
• Culture and environment
The categories are compiled and weighted to provide an overall rating of 1–100, where 1 is considered intolerable and 100 is considered ideal
As you can see from the criteria above, an investment property in a location that is scoring well according to this scale is likely to be a property that will have solid ongoing demand which will ensure good rental returns and excellent long term capital growth.
Why not check out our available investment properties in Melbourne now.
In a speech titled “Economic Policy after the Booms”, that Reserve Bank Governor Glenn Stevens delivered yesterday, he reiterated that inflation would be no bar to a cut in interest rates if needed to support the economy, while highlighting the challenges ahead as a long boom in mining investment came to an end.
Time to hop off the piggy bank and leverage high yielding investment properties using a bit of your cash plus the banks low interest money!
Westpac economists are amongst many of the economists that are tipping a rate cut in August, infact Westpac are tipping an August cut, followed by more cuts in November & February, with the official cash rate getting down to 2.0% by the March quarter 2014
If you have a look at the ASX 30 Day Interbank Cash Rate Futures, you can see that the market agrees and has factored in low rates through to Dec 2014. Link to ASX 30 Day Interbank Cash Rate Futures: Click Here Click Here To Read More