Commercial building steady
The value of commercial building permits in Victoria has increased in the March quarter, despite there being a fall in the state’s building industry overall.
Building Commissioner Tony Arnel says that when compared to the same period in 2008, the value of building permits in the state has decreased by 11 per cent to reach under [...]
You can profit from the next property boom!!
Property investors should be planning ahead to take advantage of the next upturn in the property cycle, that’s according to quantity surveying firm Asset Economics.
“Property booms never last but neither do property busts.”
To take advantage of the next boom, investors need to ensure they’re buying for long-term capital growth and also take in account [...]
Classic Double Fronted Slate Roofed Hawthorn Brick Victorian Residence …6 Main Rooms, 3 Bedrooms + Study
551 Punt Road SOUTH YARRA
Renovated from the ground up with an open mind and an open chequebook, this stunning home has been re-stumped and rewired with new double glazing. Featuring a stunning gourmet kitchen opening on to a large family room at the rear overlooking the back garden and entertaining area, accommodation includes three huge [...]
Investors …waiting and watching!
It’d seem the stars are aligned: low rates, population growth, low vacancy rates, strong rental market and a shortage of housing in the majority of capital cities.
Since late 2008, the number of loans to first home buyers has outweighed substantially those to existing owner-occupiers and investors as first-time buyers rush to take advantage of the [...]
House price rise bucks a global trend
The value of Aussie homes increased in the first quarter, bucking a global trend downwards, according to a recently issued report.
House and flat prices in Australia increased in value by 1.6% in the first three months of the year, helped by a scarcity of supply, lower interest rates and incentives to first-home buyers.
The slight recovery [...]
Renters, start your buying …NOW!!
Increasing rents boosted the housing component of the Consumer Price Index (CPI) by 0.9 per cent for the quarter and the overall annual increase to 5.5 per cent, that’s according to Australian Bureau of Statistics figures released this week.
The CEO of Real Estate Institute of Australia has said, “The majority of this increase in the [...]
Top growth performing suburbs …get in on the action!!
The rich list has been announced and the top performers for both houses and units were areas of NSW.
RP Data released its top price growth suburbs, recording the greatest increase in median house and unit prices during the 12 months to December 2008.
North Sydney suburbs were the standout performers for both houses and units with [...]
Cheap inner-city living …but where you ask!!??
It’s well known, buying properties within 10km of capital cities is generally a good investment, but where ARE the most affordable areas?
There’s some suburbs within 5km of capital city centres where the median unit price is $200,000 and the gross rental yield 5.33%?
You really don’t have to buy far from the city centre to [...]
About Mark Forytarz
Mark Forytarz is a Director at prestigeous Melbourne Real Estate Agency, Castran Gilbert.
Mark is an accomplished auctioneer and is the foremost authority in off-the-plan selling in Melbourne. Mark takes particular care in pricing his projects and setting up the off-the-plan sales departments, thus setting a new benchmark in Melbourne real estate! Mark’s client list reads [...]