By Larry Schlesinger Friday, 01 February 2013 Leading Sydney estate agent John McGrath has listed on his Facebook pagethe 10 reasons why he believes the residential market will be 5% to 10% higher by the end of 2013. 1. The Australian share market is recovering quickly, and this will generate (and replenish) great wealth for many Australians. …
Australia’s property markets turned in 2012
By Michael Yardney Friday, 07 December 2012 Australia has had a boom and gloom economy over the past year. On the one hand our economy still grew – unlike many others around the world –underpinned by a resources boom. But on the other hand, consumers and businesses were gloomy. And it was much the same …
“Melbourne will start to look like many other large international cities with high-rise apartment building dotting the landscape.”
What kind of property you should invest in as Melbourne grows by 2 million people By Michael Yardney Friday, 30 November 2012 The Victorian Baillieu government is drawing up plans for the future of Melbourne. And it’s got quite a task ahead, as Melbourne’s population is expected to increase by half again from the current …
Australian Government Department of Infrastructure and Transport. State of Australian Cities 2012. Melbourne
Population and Settlement Melbourne’s population increased from 3,521,939 in 2001 to 4,169,103 in 2011. This represents a growth rate of 1.7 per cent, above the national average of 1.5 per cent and significantly higher than Sydney’s (1.1%). Of the major cities, Melbourne experienced the largest total increase in population. Melbourne is Australia’s second …
Why some properties gain value while some stagnate: A tale of three apartments: Xavier Perronnet
By Xavier Perronnet Wednesday, 21 November 2012 One of the most common mistakes a property investor can make is to believe that all residential property investments will behave in the same way. Many people who favour direct property as an investment do so based on a misconception that it is easier to understand than other …
Consumer confidence soars to highest level since April 2011 but December rate cut still likely: Westpac
By Larry Schlesinger Wednesday, 14 November 2012 Consumer confidence soared to its highest level in more than a year-and-a-half in November but a cash rate cut is still likely on December 4, says Westpac chief economist Bill Evans. The Westpac Melbourne Institute Index of Consumer Sentiment increased by 5.2% in November from 99.2 in …