Victoria Property Report April 2017

Size: px
Start display at page:

Download "Victoria Property Report April 2017"

Transcription

1 Victoria Property Report

2 National Overview Across Australia, the property market has been proving that there is no such thing as a single national housing market. In some states, prices are climbing rapidly; in others, the growth is slower or even stalling. The challenge for beginner investors and rentvestors, who may have limited funds to invest, is to identify those suburbs that are affordable yet have good long-term growth prospects and plenty of tenant appeal. This quarter, we aim to pinpoint those locations. WHAT IS A RENTVESTOR? A rentvestor is someone who purchases a rental property as an investment while renting another property in which to live. The challenge of affordability has caused a rise in the number of rentvestors to 3% of first home buyers nationally, according to industry research. Additionally, many a would-be first home buyer has switched from planning to be an owner-occupier to taking the first step on the property ladder as an investor. The research found that 13% of first home-buyers nationally are opting out of buying an owner-occupied home, and instead choosing to purchase an investment property while living in the family home. This figure rises to 24% in New South Wales and 20% in Victoria home to Australia s most expensive state capitals....research found that 13% of first home-buyers nationally are opting out of buying an owner-occupied home, and instead choosing to purchase an investment property while living in the family home. Other investors may be tapping into their home equity for the first time in order to become a landlord. Whatever the case, the common thread is the need to buy in an affordable location with decent capital growth prospects. And infrastructure often holds the key. PROXIMITY TO TRANSPORT IS ESSENTIAL In Sydney, our most expensive housing market, the south-west growth corridor offers affordable house and land packages that allow investors to maximise depreciation claims on newly built dwellings. This region is the beneficiary of major infrastructure projects that are reducing travel times to the CBD and creating employment opportunities. In Melbourne, pockets of value exist for investors and rentvestors willing to look beyond the city centre. Noble Park is one such suburb, close to all the services and amenities of Dandenong and well served by two train stations. 2

3 In Adelaide, the outer suburb of Seaford is an affordable alternative to neighbouring suburbs, and it ticks all the boxes for local retail outlets, an electrified rail link to the city and proximity to the beach. LOOK FOR TENANT APPEAL Hobart has been a quiet achiever recently, enjoying one of the fastest rates of capital growth across Australia. With tight vacancy rates, a controlled housing supply pipeline and the benefit of a flourishing tourism industry, suburbs worth a look include South Hobart, Moonah and Warrane, where the ripple effect of rising prices in nearby postcodes will propel values upwards. In Western Australia, locations within 10 kilometres of the Perth CBD offer potential for long-term investors. In particular, Fremantle offers the benefit of waterfront living, while Cockburn Central features excellent shopping and employment opportunities that appeal to tenants and will help to support long-term price appreciation. In Darwin, prices have cooled over recent months, but the city has longterm growth potential thanks to continued defence activity and the investment commitment of Chinese company Landbridge. In Queensland, as Brisbane spreads outwards, Ipswich offers some of the city s lowest price points, with a median house price of $250,000. Along with affordability, investors and rentvestors can enjoy the tenant appeal of proximity to public infrastructure and transport, and high rental yields of 5-6%. I invite you to read this report to discover where the best opportunities lie for investors and rentvestors around the nation. Brendon Hulcombe CEO - HERRON TODD WHITE 3

4 Victoria MELBOURNE Despite values across Melbourne rising rapidly in recent years, pockets of value with the potential for growth are still available for investors and rentvestors. NOBLE PARK Noble Park, 25 kilometres from the Melbourne CBD, is close to all the services and amenities of Dandenong, as well as Parkmore Shopping Centre in Keysborough, and Monash University. Noble Park has stayed more affordable than some of its neighbouring suburbs Springvale, Keysborough and Clayton primarily due to its reputation for having a lower socio-economic population. It has a median house price of $599,000 and median apartment price of $390,000; and annual price growth of 8% suggests it is on the right path to changing the perception of the suburb. Investors are currently enjoying rental yields of 3%. These properties are very affordable and provide a good platform for beginner investors and rentvestors to enter the market. On the plus side, Noble Park is served by two train stations Noble Park and Yarraman and is easily accessed by the Princes Highway and M1 Freeway. A recent zoning change to residential areas near the train station has created more opportunities for high-density development. This provides investors with an opportunity to buy into an asset class that hasn t previously been widely available in this suburb. DOVETON Houses are the most popular asset for Doveton investors due to the low median price of $395,000. Apartments are scarce, and the median price is an affordable $310,000. A development at Hawthorn Road, Doveton, offers eight 2-bedroom apartments, each priced around $300,000. Doveton was originally created as a housing commission estate in the 1950s and many of the original concrete construction dwellings are still standing. These properties are very affordable and provide a good platform for beginner investors and rentvestors to enter the market. Many of these original dwellings are being knocked down to make way for multiple townhouses, and as the area gentrifies, the potential capital gains on original dwellings seems promising. 4

5 Rental yields in Doveton are a healthy 5.4% and capital growth is trending at 4% annually. Investors need to be aware that the suburb does not yet have a train station. CRAIGIEBURN Located 26 kilometres north of Melbourne s CBD, Craigieburn is the beneficiary of some key infrastructure projects, including the $1.7 billion Humex business park to be constructed on the Hume Highway. Humex, which will comprise 150,000 square metres of retail, office, medical, hotel and entertainment space, is due for completion in Craigieburn Leisure Centre is also nearing completion. With a median house price of $450,000 and a median apartment price of $320,000, affordability is a big factor behind Craigieburn s popularity. Despite strong price growth over the past two years, dwelling values are still well below the Melbourne median of $610,000. The Sikh temple on the Hume Highway is a drawcard for the Indian community, and other appealing factors include good rental returns, with a gross yield of 4.7%, and the generous retail amenities of Craigieburn Central. With a median house price of $450,000 and a median apartment price of $320,000, affordability is a big factor behind Craigieburn s popularity. GEELONG Grovedale, located a 10-minute drive from Geelong and 20 minutes from Torquay, holds appeal for investors and rentvestors as it is highly affordable, with a median house price of $418,750 and a median unit price of $340,000. Prices are starting to rise in response to buyer demand. As a guide, Grovedale values rose by 7.4% in 2016 compared to 3.7% for the greater Geelong area. An established suburb, Grovedale is close to the retail outlets of Waurn Ponds and Belmont, and enjoys proximity to the Geelong CBD, and nearby Deakin University and Epworth Hospital. Bus services link Grovedale with train stations in surrounding suburbs such as Marshall and Waurn Ponds. CASTLEMAINE With increasing lack of affordability in Melbourne, investors are looking beyond the state capital. Castlemaine, 120 kilometres from Melbourne and 40 kilometres from Bendigo, has been a key beneficiary of this. The median house price in Castlemaine, currently $425,000, has risen 10.2% since the end of 2015, while today s median apartment value of $337,500 is 6.25% higher than a year ago. Factors contributing to long-term capital growth in Castlemaine include ongoing upgrades to the train services to both Melbourne and Bendigo. 5

6 BALLARAT Ballarat s growth hinges largely on its proximity to Melbourne, though it does have a diverse economy, with the agricultural, food manufacturing and education sectors being key employers. Importantly, these industries are believed to have long-term sustainability. Houses continue to be the most popular choice in the Ballarat market; however, several centrally located apartments that have come onto the market have proven popular with both investors and tenants. A 3-bedroom, 1-bathroom house in Ballarat set on a 600-square-metre block tends to be priced at around $350,000. It is an affordable entry price for many investors and rentvestors, and yields are in the order of 5%. The suburbs of Soldiers Hill, Golden Point and Ballarat East are all becoming more popular because they are located near the CBD. Dwellings tend to be Victorian period homes with original features, and it is expected that developers are likely to renovate these. Investors who keep an eye on the market can pick up unrenovated character homes for under $300,000 with plenty of scope to add value through renovations. The greenfield estates of Ballarat have not experienced high capital growth, due to the increased supply of properties. The new Insignia estate in Alfredton is perhaps one development that shows promising levels of capital growth, though this is largely because of the limited number of allotments available. SHEPPARTON With a population of 67,072, the Shepparton region accounts for onequarter of Victoria s agricultural production. Property investment in the region is on the rise following the release of new land subdivisions, and many builders are offering incentives to encourage investors into the market. The availability of land means houses are more popular than apartments, and the median house value in the Shepparton area is $270,500. The Victorian State Government has made a significant investment in the regional V/Line rail network, of which Shepparton is a major hub. Additional infrastructure projects that will support the appeal and value growth of the region include the $168 million redevelopment of Shepparton Hospital, the $34 million Shepparton Art Museum project and a $21 million new sports precinct. 6

7 Local expertise. National strength. Trusted solutions. Herron Todd White is Australia s leading property valuatiuon and advisory group. For more than 45 years, we ve given our customers peace of mind and the confidence to make good-decisions for their vital property investments. Whether you are buying or selling, expert independent advice is the smartest property investment you can make. Liability limited by a scheme approved under Professional Standards Legislation. The scheme does not apply within Tasmania. Telephone admin@htw.com.au htw.com.au

Northern Territory Property Report April 2017

Northern Territory Property Report April 2017 Northern Territory Property Report National Overview Across Australia, the property market has been proving that there is no such thing as a single national housing market. In some states, prices are climbing

More information

Victoria Property Report April 2015

Victoria Property Report April 2015 Victoria Property Report National Overview This quarter, we asked Herron Todd White property experts to identify the hidden gems of Australia s residential property market locations that combine affordability

More information

South Australia Property Report October 2014

South Australia Property Report October 2014 South Australia Property Report National Overview In this edition we asked Herron Todd White property experts to identify affordable suburbs with growth potential that are suitable for both first home

More information

Northern Territory Property Report January 2014

Northern Territory Property Report January 2014 Northern Territory Property Report National Overview This quarter we look around the nation to identify affordable properties with the potential to deliver healthy long term gains suitable for first home

More information

Western Australia Property Report April 2015

Western Australia Property Report April 2015 Western Australia Property Report National Overview This quarter, we asked Herron Todd White property experts to identify the hidden gems of Australia s residential property market locations that combine

More information

National Overview. NSW/ACT Property Report April 2017

National Overview. NSW/ACT Property Report April 2017 NSW/ACT Property Report National Overview Across Australia, the property market has been proving that there is no such thing as a single national housing market. In some states, prices are climbing rapidly;

More information

National Overview. NSW/ACT Property Report January 2014

National Overview. NSW/ACT Property Report January 2014 NSW/ACT Property Report National Overview This quarter we look around the nation to identify affordable properties with the potential to deliver healthy long term gains suitable for first home buyers and

More information

Property Report. South Australia

Property Report. South Australia Property Report National overview Today s climate of low interest rates coupled with property values that in some regions have fallen by 10% over the past 18 months, are giving first home buyers and entry

More information

Northern Territory Property Report October 2015

Northern Territory Property Report October 2015 Northern Territory Property Report National Overview Media headlines regularly focus on the challenges first home buyers face finding affordable property, and yes, in many state capitals residential property

More information

Western Australia Property Report October 2016

Western Australia Property Report October 2016 Western Australia Property Report National Overview Across Australia many home owners are undertaking or planning major home renovations inspired, perhaps, by all the renovation shows dominating our TV

More information

Victoria Property Report October 2015

Victoria Property Report October 2015 Victoria Property Report National Overview Media headlines regularly focus on the challenges first home buyers face finding affordable property, and yes, in many state capitals residential property is

More information

Northern Territory Property Report October 2016

Northern Territory Property Report October 2016 Northern Territory Property Report National Overview Across Australia many home owners are undertaking or planning major home renovations inspired, perhaps, by all the renovation shows dominating our TV

More information

Tasmania Property Report October 2015

Tasmania Property Report October 2015 Tasmania Property Report National Overview Media headlines regularly focus on the challenges first home buyers face finding affordable property, and yes, in many state capitals residential property is

More information

Western Australia Property Report January 2016

Western Australia Property Report January 2016 Western Australia Property Report National Overview As we head into 2016, two key factors are taking some of the heat out of a number of metropolitan property markets. APRA-initiated caps on investment

More information

Property Report. Western Australia

Property Report. Western Australia Property Report Western Australia National overview Taken as a whole, the Australian property market has cooled over recent months though in a market as diverse as ours, there are pockets of growth even

More information

National Overview. NSW/ACT Property Report October 2014

National Overview. NSW/ACT Property Report October 2014 NSW/ACT Property Report National Overview In this edition we asked Herron Todd White property experts to identify affordable suburbs with growth potential that are suitable for both first home buyers and

More information

Property Report. Victoria

Property Report. Victoria Property Report National overview The Australian residential property market continues to deliver a mixed bag of results. Regions supported by mining activity are experiencing strong property demand and

More information

Property Report NSW / ACT

Property Report NSW / ACT Property Report NSW / ACT National overview Today s climate of low interest rates coupled with property values that in some regions have fallen by 10% over the past 18 months, are giving first home buyers

More information

National Overview. Opting for a unit rather than a house is often a more affordable option, and inner-city apartment developments offer a combination

National Overview. Opting for a unit rather than a house is often a more affordable option, and inner-city apartment developments offer a combination Queensland Property Report National Overview The lowest home loan interest rates seen in generations, restrictions on investment lending and softer market conditions across some state capitals are creating

More information

Property Report. Victoria

Property Report. Victoria Property Report National overview Taken as a whole, the Australian property market has cooled over recent months though in a market as diverse as ours, there are pockets of growth even amid quieter conditions.

More information

Property Report NSW / ACT

Property Report NSW / ACT Property Report NSW / ACT National overview Taken as a whole, the Australian property market has cooled over recent months though in a market as diverse as ours, there are pockets of growth even amid quieter

More information

Property Report. Victoria

Property Report. Victoria Property Report Victoria Upgraders & investors reap rewards Welcome to this edition of the Westpac/ Property Report, a first hand look at how Australia s residential property market is performing on a

More information

Property Report. Victoria

Property Report. Victoria Property Report National overview Looking back over 2011 it s clear that the Australian property market was and in early 2012, still is far from homogenous. Cooler market conditions in many areas have

More information

Property Report. Queensland

Property Report. Queensland Property Report National overview Taken as a whole, the Australian property market has cooled over recent months though in a market as diverse as ours, there are pockets of growth even amid quieter conditions.

More information

Property Report. Northern Territory

Property Report. Northern Territory Property Report Northern Territory National overview The Australian residential property market continues to deliver a mixed bag of results. Regions supported by mining activity are experiencing strong

More information

Property Report. South Australia

Property Report. South Australia Property Report South Australia National overview Looking back over 2011 it s clear that the Australian property market was and in early 2012, still is far from homogenous. Cooler market conditions in

More information

Property Report. Tasmania

Property Report. Tasmania Property Report Tasmania Upgraders & investors reap rewards Welcome to this edition of the Westpac/ Property Report, a first hand look at how Australia s residential property market is performing on a

More information

Property Report. Queensland

Property Report. Queensland Property Report National overview Today s climate of low interest rates coupled with property values that in some regions have fallen by 10% over the past 18 months, are giving first home buyers and entry

More information

Investment Guide. home loans

Investment Guide. home loans Investment Guide home loans Your investment journey With the right finance solution, a property investment can build your wealth and improve your financial security. There are hundreds of thousands of

More information

RESIDENTIAL RESEARCH MARKET ACTIVITY REPORT FOR AUSTRALIAN CAPITAL CITIES & REGIONAL CENTRES

RESIDENTIAL RESEARCH MARKET ACTIVITY REPORT FOR AUSTRALIAN CAPITAL CITIES & REGIONAL CENTRES RESIDENTIAL RESEARCH MARKET ACTIVITY REPORT FOR AUSTRALIAN CAPITAL CITIES & REGIONAL CENTRES Feb-17 May-17 Aug-17 Nov-16 Feb-17 May-17 The official cash rate target remained at 1.5 on 1 August 2017. Domestic

More information

RESIDENTIAL RESEARCH A REVIEW OF KEY RESIDENTIAL INDICATORS ACROSS MAJOR AUSTRALIAN CITIES

RESIDENTIAL RESEARCH A REVIEW OF KEY RESIDENTIAL INDICATORS ACROSS MAJOR AUSTRALIAN CITIES RESIDENTIAL RESEARCH A REVIEW OF KEY RESIDENTIAL INDICATORS ACROSS MAJOR AUSTRALIAN CITIES Aug-17 Feb-18 Aug-18 Economic growth was recorded at 3.1 growth in March 2018. Unemployment across Australia was

More information

RENTAL SNAPSHOT. Monthly market report: May Media Release 01 June 2018

RENTAL SNAPSHOT. Monthly market report: May Media Release 01 June 2018 RENTAL SNAPSHOT Monthly market report: May 2018 Media Release 01 June 2018 For further information, or to organise an interview with Rent.com.au CEO Greg Bader, please contact: Daniel Paproth Media & Capital

More information

Property Report NSW / ACT

Property Report NSW / ACT Property Report NSW / ACT National overview In this edition of the Westpac Residential Property Report we take a look at opportunities available for property investors, and owner occupiers, who are prepared

More information

RESIDENTIAL RESEARCH MARKET ACTIVITY REPORT FOR AUSTRALIAN CAPITAL CITIES & REGIONAL CENTRES

RESIDENTIAL RESEARCH MARKET ACTIVITY REPORT FOR AUSTRALIAN CAPITAL CITIES & REGIONAL CENTRES RESIDENTIAL RESEARCH MARKET ACTIVITY REPORT FOR AUSTRALIAN CAPITAL CITIES & REGIONAL CENTRES Sep-16 Mar-17 Mar-17 Jun-17 Sep-16 Mar-17 The official cash rate target remained at 1.5 on 6 June 2017. Domestic

More information

City of Greater Dandenong Our Place

City of Greater Dandenong Our Place City of Greater Dandenong Our Place 2 City of Greater Dandenong Our Place Contents Greater Dandenong 4 Economic activity clusters 7 Connectivity 8 Residential property prices 10 Value of building work

More information

QUARTERLY RENTAL SNAPSHOT

QUARTERLY RENTAL SNAPSHOT QUARTERLY RENTAL SNAPSHOT Q2 2018 (Apr-Jun) Media Release 01 July 2018 For further information, or to organise an interview with Rent.com.au CEO Greg Bader, please contact: Daniel Paproth Media & Capital

More information

MONTHLY RESEARCH BULLETIN SEPTEMBER 2016

MONTHLY RESEARCH BULLETIN SEPTEMBER 2016 MONTHLY RESEARCH BULLETIN SEPTEMBER 2016 ABOUT REIV The Real Estate Institute of Victoria has been the peak professional association for the Victorian real estate industry since 1936. Over 2,000 real estate

More information

RENTAL SNAPSHOT. Monthly market report: July Media Release 01 August Rent.com.au monthly market report: July 2018 Page 1

RENTAL SNAPSHOT. Monthly market report: July Media Release 01 August Rent.com.au monthly market report: July 2018 Page 1 RENTAL SNAPSHOT Monthly market report: July 2018 Media Release 01 August 2018 For further information, please contact: Rent.com.au p: 1300 736 810 e: agents@rent.com.au Rent.com.au monthly market report:

More information

Australian home size hits 22-year low

Australian home size hits 22-year low Australian home size hits 22-year low CommSec Home Size Trends Report Economics November 16 2018 The average floor size of an Australian home (houses and apartments) has fallen to a 22-year low. Data commissioned

More information

PROPERTY. Property Prices Median Sale Price (Log Scale) $450,000

PROPERTY. Property Prices Median Sale Price (Log Scale) $450,000 Property Prices Median Sale Price (Log Scale) $450,000 $320,000 $230,000 $165,000 Units Vacant Land Houses Herron Todd White does Property Valuations Herron Todd White Cairns has a wealth of experience

More information

Price Growth. Projects 2017*** Tony Collidge PRDnationwide Hobart Principal & Real Estate Institute of Tasmania, President

Price Growth. Projects 2017*** Tony Collidge PRDnationwide Hobart Principal & Real Estate Institute of Tasmania, President HOBART HOTSPOTS 1 ST HALF 2017 HOTSPOTS METHODOLOGY This Hobart hotspot report analyses all suburbs within the Greater Hobart region, providing valuable insights and highlights of the property market in

More information

Project Summary. Cleaver Apartments. 14 Apartments 1 bed from $348,000 2 bed from $420,000

Project Summary. Cleaver Apartments. 14 Apartments 1 bed from $348,000 2 bed from $420,000 Project Summary Cleaver Apartments 14 Apartments 1 bed from $348,000 2 bed from $420,000 Property Address: Project Description: 5 Cleaver Terrace, Rivervale Cleaver Apartments are situated at the top end

More information

Sydney. Affordable & Liveable Property Guide

Sydney. Affordable & Liveable Property Guide Sydney Affordable & Liveable Property Guide 1st Half 2018 SYDNEY AFFORDABLE & LIVEABLE PROPERTY GUIDE 1 st HALF 2018 METHODOLOGY This guide analyses all suburbs within the greater Sydney area. The suburbs

More information

A TRIBECA AREA FACT FILE

A TRIBECA AREA FACT FILE 03 A TRIBECA AREA FACT FILE SOUTH WEST MELBOURNE FOCUS AREA: TARNEIT AREA PROFILE AREA PROFILE: This report encompasses the South West Melbourne growth precinct of Wyndham. Specifically, the demographic

More information

DEAKIN RESIDENCES - IT S YOUR HOME

DEAKIN RESIDENCES - IT S YOUR HOME ACCOMMODATION GUIDE DEAKIN RESIDENCES - IT S YOUR HOME Living on campus offers a unique opportunity to immerse yourself in the Deakin experience. Our spacious and modern residences boast a range of open

More information

Domain Rental Report September Quarter 2016

Domain Rental Report September Quarter 2016 Domain Rental Report September Quarter 2016 Dr Andrew Wilson Chief Economist for Domain.com.au Key findings House rents in Sydney, Melbourne, Brisbane, Adelaide and Darwin all remain steady Canberra is

More information

Refer to the appendices to this release for more information on the Projects.

Refer to the appendices to this release for more information on the Projects. ASX Release 20 December 2007 BLP EXPANDS INTO WESTERN AUSTRALIA Babcock & Brown Residential Land Partners (ASX: BLP) today announced the formation of a strategic partnership with Western Australian developer

More information

OVER THE PAST DECADE, BRISBANE APARTMENTS HAVE ACHIEVED AN AVERAGE ANNUAL RETURN OF 11%, OUT-PERFORMING SYDNEY AT 7.3% AND MELBOURNE AT 8.

OVER THE PAST DECADE, BRISBANE APARTMENTS HAVE ACHIEVED AN AVERAGE ANNUAL RETURN OF 11%, OUT-PERFORMING SYDNEY AT 7.3% AND MELBOURNE AT 8. INVESTMENT BROCHURE BRISBANE 11% SYDNEY 7.3% MELBOURNE 8.3% OVER THE PAST DECADE, BRISBANE APARTMENTS HAVE ACHIEVED AN AVERAGE ANNUAL RETURN OF 11%, OUT-PERFORMING SYDNEY AT 7.3% AND MELBOURNE AT 8.3%

More information

Selling with an REIQ accredited agency

Selling with an REIQ accredited agency Selling with an REIQ accredited agency REIQ REAL ESTATE INSTITUTE QUEENSLAND 2 REIQ About REIQ accredited agencies The Real Estate Institute of Queensland (REIQ) has been the state s peak professional

More information

Housing market report

Housing market report Capital city market report Prepared August Dr Andrew Wilson, Senior Economist Australian Property Monitors Buyer momentum rises through mid-winter housing markets National overview Buyer and seller momentum

More information

Australian home size hits 20-year low

Australian home size hits 20-year low Australian home size hits 20-year low CommSec Home Size Trends Report Economics November 17 2017 The average floor size of an Australian home (houses and apartments) has fallen to a 20-year low. Data commissioned

More information

City geography and economic policy. Council of Capital City Lord Mayors John Daley, CEO Parliament House, Canberra 14 September 2015

City geography and economic policy. Council of Capital City Lord Mayors John Daley, CEO Parliament House, Canberra 14 September 2015 City geography and economic policy Council of Capital City Lord Mayors John Daley, CEO Parliament House, Canberra 14 September 2015 City limits Australia s economy is increasingly dominated by services

More information

Domain.com.au House Price Report December Quarter 2015

Domain.com.au House Price Report December Quarter 2015 Domain.com.au House Price Report December Quarter 2015 Dr Andrew Wilson Senior Economist for Domain.com.au Key findings Record drop in Sydney median house prices over the December quarter Melbourne and

More information

Property Values Report Autumn Mentone Mordialloc Parkdale

Property Values Report Autumn Mentone Mordialloc Parkdale Property Values Report Autumn 2017 Mentone Mordialloc Parkdale Welcome to the Autumn edition of our Property Values Report, a summary of property sales and related information, delivered to you exclusively

More information

City deals and affordable housing

City deals and affordable housing DEPARTMENT OF THE PRIME MINISTER AND CABINET City deals and affordable housing Cities Division 1 Powerful forces at work in housing International housing market = $13 trillion Rising populations Rising

More information

CORNER BARWON HEADS ROAD & BURVILLES ROAD, ARMSTRONG CREEK. Artist Impression

CORNER BARWON HEADS ROAD & BURVILLES ROAD, ARMSTRONG CREEK. Artist Impression CORNER BARWON HEADS ROAD & BURVILLES ROAD, ARMSTRONG CREEK Artist Impression 2 Artist Impression INTRODUCTION The Village Warralily will be the activity centre for the Armstrong Creek community, it will

More information

townhouses dandenong

townhouses dandenong townhouses dandenong 360Âștownhouses dandenong artist impression Burbank s 360 Townhouses are spread across three levels with the ground floor dedicated to car parking, the first floor to living and the

More information

RESIDENTIAL MARKET REVIEW

RESIDENTIAL MARKET REVIEW RESIDENTIAL MARKET REVIEW S E P T E M B E R Q U A R T E R 2 0 1 8 RPM REAL ESTATE GROUP IS VICTORIA S MOST SUCCESSFUL RESIDENTIAL DEVELOPMENT SALES, MARKETING AND ADVISORY AGENCY. WE SPECIALISE IN SALES

More information

Housing market report

Housing market report Capital city market report Prepared September Dr Andrew Wilson, Senior Economist Australian Property Monitors No sign of winter pause as housing markets gather strength into spring National overview Buyer

More information

MARKETING TO INSERT IMAGERY

MARKETING TO INSERT IMAGERY MARKETING TO INSERT IMAGERY Brisbane Affordable & Liveable Property Guide 2 nd Half 2018 BRISBANE AFFORDABLE & LIVEABLE PROPERTY GUIDE 2 ND HALF 2018 METHODOLOGY This Brisbane Affordability and Liveability

More information

Laying the Foundations

Laying the Foundations Laying the Foundations A Submission from the Community Housing Federation of Victoria Thank you for the opportunity to input into this important exercise in setting the objectives and identifying the needs

More information

Dual Income Property Strategy

Dual Income Property Strategy Dual Income Property Strategy Contents: WHAT IS A DUAL INCOME PROPERTY PAGE 4 ADVANTAGES PAGE 6 DISADVANTAGES PAGE 8 CASE STUDY PAGE 10 IMPORTANT CONSIDERATIONS PAGE 14 FREQUENTLY ASKED QUESTIONS PAGE

More information

Hobart. Affordable & Liveable Property Guide

Hobart. Affordable & Liveable Property Guide Hobart Affordable & Liveable Property Guide 1st Half 2018 HOBART AFFORDABLE & LIVEABLE PROPERTY GUIDE 1 st HALF 2018 METHODOLOGY This guide analyses all suburbs within the greater Hobart area. The suburbs

More information

Property Research Report: Capital growth opportunities in Morayfield, Queensland

Property Research Report: Capital growth opportunities in Morayfield, Queensland Property Research Report: Capital growth opportunities in Morayfield, Queensland www.freedom360.com.au 1300 001 070 By Todd Polke Property investor and strategic wealth coach Introduction Capital growth

More information

Sydney Apartment Market Indicators - November 2015

Sydney Apartment Market Indicators - November 2015 Sydney Apartment Market Indicators November 2015 Executive Summary As many as 61,000 new units* will complete between 2015 2017, compared to 44,500 completions between 2012 2014**. JLL adjusts supply numbers

More information

CITY OF GREATER GEELONG LGA GROWTH OVERVIEW FUTURE DEVELOPMENTS**

CITY OF GREATER GEELONG LGA GROWTH OVERVIEW FUTURE DEVELOPMENTS** Number of Sales Median Price OVERVIEW As the second largest city in Victoria, Geelong provides an alternate option for those looking for an affordable city lifestyle outside of Melbourne. Geelong has developed

More information

LOCATION. Masterclass Online. Featuring: The Suburb Selector Software

LOCATION. Masterclass Online. Featuring: The Suburb Selector Software LOCATION Masterclass Online Featuring: The Suburb Selector Software 2016 I Your Success Australia PTY LTD www.yourpropertysuccess.com.au Disclaimer: The information in these courses are based on the personal

More information

LOT 30 TREEBY ROAD ANKETELL WA 6167

LOT 30 TREEBY ROAD ANKETELL WA 6167 FREMANTLE LOT 30 TREEBY ROAD ANKETELL WA 6167 COCKBURN CITY SHOPPING PERTH CBD AUBIN GROVE TRAIN STATION PROPOSED DISTRICT SHOPPING CENTRE SATTERLEY'S HONEYWOOD DEVELOPMENT LOT 30 TREEBY ROAD PROPOSED

More information

Buxton Property Values Report Spring Albert Park Middle Park Port Melbourne South Melbourne Southbank St Kilda West

Buxton Property Values Report Spring Albert Park Middle Park Port Melbourne South Melbourne Southbank St Kilda West Albert Park Middle Park Port Melbourne South Melbourne St Kilda West Property Values Report Spring 2016 Changing buyer mix set to shape Spring property market Welcome to the Spring edition of our Property

More information

Housing market report

Housing market report Australian capital cities and Gold Coast residential property market ruary Prepared by Australian Property Monitors The housing market is up and running in with increased buyer activity and seller confidence.

More information

Quarterly Review The Australian Residential Property Market and Economy

Quarterly Review The Australian Residential Property Market and Economy Quarterly Review The Australian Residential Property Released January 2018 Contents Introduction 3 Housing Market 4 Mortgage Lending 11 Housing Supply 17 Demographic Overview 20 Household Finances 22 National

More information

Residential Rental Survey

Residential Rental Survey Purpose Residential Rental Survey This survey has been prepared to assist individuals and organisations ascertain current rental levels in the state capital cities. A description of each area, its amenities

More information

CONTENTS. The QBE Australian Housing Outlook

CONTENTS. The QBE Australian Housing Outlook CONTENTS The QBE Australian Housing 2017 2020 About this report Produced by BIS Oxford Economics for QBE Lenders Mortgage Insurance. This report provides an analysis and forecast of the key drivers influencing

More information

If you've been thinking of making an Australian property investment recently, here is some critical information

If you've been thinking of making an Australian property investment recently, here is some critical information If you've been thinking of making an Australian property investment recently, here is some critical information There is an 18-20 year real estate cycle as outlined by Phil Anderson in his book The Secret

More information

Daniel House. Cutting-Edge Residential Development

Daniel House. Cutting-Edge Residential Development Daniel House Cutting-Edge Residential Development Opening Q1 2016 Daniel House About The Developer Why Invest in Liverpool Introducing Daniel House Residential Accommodation Leisure Facilities Education

More information

Update. Property Market. ljhcommercial.com.au Canberra. Canberra Industrial Market - December 2013

Update. Property Market. ljhcommercial.com.au Canberra. Canberra Industrial Market - December 2013 Industrial Market - December 2013 This is a guide to the industrial market conditions in the Australian Capital Territory, including nearby Queanbeyan across the border in New South Wales. With a population

More information

Melbourne. Affordable & Liveable Property Guide

Melbourne. Affordable & Liveable Property Guide Melbourne Affordable & Liveable Property Guide 1st Half 2018 MELBOURNE AFFORDABLE & LIVEABLE PROPERTY GUIDE 1 st HALF 2018 METHODOLOGY This guide analyses all suburbs within the greater Melbourne area.

More information

Capital growth opportunities in Cedar Grove, Brisbane

Capital growth opportunities in Cedar Grove, Brisbane Property Research Report: Capital growth opportunities in Cedar Grove, Brisbane www.freedom360.com.au 1300 001 070 By Todd Polke Property investor and strategic wealth coach Introduction South East Queensland

More information

APARTMENTS and CITIES

APARTMENTS and CITIES 2017 Multi-unit Development Conference APARTMENTS and CITIES The Heart of a 21 st Century Perth Crown Perth 1 st June 2017 Attracts 2 CPD Points #Cities17 The Heart of 21 st Century Perth You are invited

More information

Representation re: Sullivans Cove Planning Scheme /2015 Amendments - Macquarie Point Site Development: Affordable housing

Representation re: Sullivans Cove Planning Scheme /2015 Amendments - Macquarie Point Site Development: Affordable housing General Manager, Hobart City Council, GPO Box 503, Tas 7001 16 November, 2015 Representation re: Sullivans Cove Planning Scheme 1997-2/2015 Amendments - Macquarie Point Site Development: Affordable housing

More information

RP Data - Nine Rewards Consumer housing market sentiment survey Released: Thursday 24 October, 2013

RP Data - Nine Rewards Consumer housing market sentiment survey Released: Thursday 24 October, 2013 National Media Release RP Data - Nine Rewards Consumer housing market sentiment survey Released: Thursday 24 October, 2013 Housing market confidence dips in October 1,045 Australian residents respond to

More information

ECONOMIC CURRENTS. Vol. 5 Issue 2 SOUTH FLORIDA ECONOMIC QUARTERLY. Key Findings, 2 nd Quarter, 2015

ECONOMIC CURRENTS. Vol. 5 Issue 2 SOUTH FLORIDA ECONOMIC QUARTERLY. Key Findings, 2 nd Quarter, 2015 ECONOMIC CURRENTS THE Introduction SOUTH FLORIDA ECONOMIC QUARTERLY Economic Currents provides an overview of the South Florida regional economy. The report presents current employment, economic and real

More information

Residential Commentary - Perth Apartment Market

Residential Commentary - Perth Apartment Market Residential Commentary - Perth Apartment Market March 2016 Executive Summary The Greater Perth apartment market has attracted considerable interest from local and offshore developers. Projects under construction

More information

BIS Oxford Economics median house price forecasts

BIS Oxford Economics median house price forecasts BIS Oxford Economics median house price forecasts While other economists and forecasters may comment on residential house prices, few make definitive forecasts, particularly beyond the next twelve months.

More information

OFFICE MARKET REPORT. Sandton CBD, Gauteng. June 2018

OFFICE MARKET REPORT. Sandton CBD, Gauteng. June 2018 OFFICE MARKET REPORT Sandton CBD, Gauteng BROLL INSIGHT Accessibility Sandton CBD is easily accessible via Grayston Drive off the M1 and via main arterials such as William Nicol Drive and Rivonia Road.

More information

Bankwest Future of Business: Focus on Real Estate

Bankwest Future of Business: Focus on Real Estate Bankwest Future of Business: Focus on Real Estate 2018 Contents Key insights Industry overview What s driving industry growth? Spotlight on Australia Spotlight on Western Australia What does the future

More information

Market Commentary Brisbane CBD Office

Market Commentary Brisbane CBD Office Market Commentary Brisbane CBD Office May 2016 Executive Summary There was a relatively soft start to the year for the CBD office leasing market with net absorption of 2,614 sqm recorded in 1Q16. Just

More information

House price report. September quarter Dr Andrew Wilson Senior Economist for the Domain Group

House price report. September quarter Dr Andrew Wilson Senior Economist for the Domain Group September quarter 2014 Dr Andrew Wilson Senior Economist for the Domain Group Key findings Most capital city housing markets recorded falls in house prices over the September quarter September quarter

More information

BRISBANE HOUSING MARKET STUDY

BRISBANE HOUSING MARKET STUDY BRISBANE HOUSING MARKET 2018 STUDY Executive Summary Brisbane s residential market, especially the detached houses segment has risen steadily over the last year due to the rise in population, falling unemployment

More information

Domain House Price Report March Quarter 2016

Domain House Price Report March Quarter 2016 Domain House Price Report March Quarter 2016 Dr Andrew Wilson Chief Economist for Domain Key findings Sydney median house price drops below $1 million House and unit prices are down in Sydney, Brisbane,

More information

Toowoomba Property Factsheet

Toowoomba Property Factsheet Toowoomba Property Factsheet 1st Half 2018 OVERVIEW Located 125 kilometres west of Brisbane s CBD, Toowoomba is the main urban centre for the Toowoomba Regional area. In 2016 the labour force (59.6%) was

More information

Inner Perth Residential Market Report

Inner Perth Residential Market Report Inner Perth Residential Market Report MARCH QUARTER 2014 Inner Perth Residential Market Market Highlights While Western Australia will experience slowed short term growth as the state transitions from

More information

6.5 % p.a. Minimum investment $50,000.

6.5 % p.a. Minimum investment $50,000. AN AWARD-WINNING AUCKLAND OFFICE PROPERTY INVESTMENT OPPORTUNITY 6.5 % projected pre-tax cash return.* p.a. Minimum investment $50,000. 585 interests available. 33 CORINTHIAN DRIVE, ALBANY, AUCKLAND *

More information

Residential Commentary Sydney Apartment Market

Residential Commentary Sydney Apartment Market Residential Commentary Sydney Apartment Market April 2017 Executive Summary Sydney Apartment Market: Key Indicators 14,200 units are currently under construction in Inner Sydney with completion expected

More information

HOW TO BENEFIT BY INVESTING NEAR AUSTRALIAN UNIVERSITIES AND COLLEGES

HOW TO BENEFIT BY INVESTING NEAR AUSTRALIAN UNIVERSITIES AND COLLEGES HOW TO BENEFIT BY INVESTING NEAR AUSTRALIAN UNIVERSITIES AND COLLEGES INTRODUCTION AND OVERVIEW Many Chinese, Hong Kong and International buyers keen on an overseas education for their children are buying

More information

INVESTMENT PROPERTY PORTFOLIO

INVESTMENT PROPERTY PORTFOLIO INVESTMENT PROPERTY PORTFOLIO Can you Achieve Financial Freedom? Seek employment services research indicates that 83% of people hate their jobs! Yet so many still are following the 19th century formula

More information

EDITION 1 GEELONG REGIONAL CENTRE REVIEW GEELONG 2017 MARCH

EDITION 1 GEELONG REGIONAL CENTRE REVIEW GEELONG 2017 MARCH 2017 EDITION 1 GEELONG REGIONAL CENTRE REVIEW 2017 MARCH GEELONG GEELONG AT A GLANCE OVERVIEW MAJOR GOVERNMENT FUNDED PROJECTS National Disability Insurance Agency Headquarters / Department of Human Services

More information

We deliver solutions that maximise the value of your real estate. JLL works with you to realise opportunities and reduce your risk.

We deliver solutions that maximise the value of your real estate. JLL works with you to realise opportunities and reduce your risk. Strategic Consulting We deliver solutions that maximise the value of your real estate. JLL works with you to realise opportunities and reduce your risk. Our clients face complex challenges every day. Our

More information

MONTHLY RESEARCH BULLETIN DECEMBER 2016

MONTHLY RESEARCH BULLETIN DECEMBER 2016 MONTHLY RESEARCH BULLETIN DECEMBER 2016 ABOUT REIV The Real Estate Institute of Victoria has been the peak professional association for the Victorian real estate industry since 1936. Over 2,000 real estate

More information

RENTAL AFFORDABILITY INDEX

RENTAL AFFORDABILITY INDEX RENTAL AFFORDABILITY INDEX Key findings report May 2017 Release Aged cohorts focus All material in this report is embargoed and not for use by media until Wednesday 17 May 2017 SGS Economics and Planning

More information