Welcome to Property News – an insight into matters related to the research, acquisition and structure of investment properties.

 

This Newsletter is designed to give clients of Danber Financial Services and all people interested in investing in property, access to research and up to date information that will assist in their decision to invest in property.

 

City apartments are an attractive alternative to overpriced homes!

Remember this headline from the last issue?

 

Well it seems the cat is out of the bag and the Melbourne medium priced unit market has skyrocketed to unprecedented sales turnover in close inner city areas and fringe CBD zones up to 12Km from the city. Special projects nominated in the last issue at Footscray and Sunshine sold out in a matter of weeks by investors and owner occupiers alike. The hot spot suburbs like Footscray where quality new property can still be bought in the $300,000 to $400,000 range represent good value in the current market where prices have soared by up to 20% this last 12 months.

 

New projects by an array of developers in the pipeline will soon be made available to us for our clients to consider and as they come on board we will attempt to get the info out as soon as we can.

They include Footscray, Brunswick,Yarraville and Sunshine.

 

The House and Land market is moving again where quality 3 and 4 bedroom homes can be built for Investment in the rapidly expanding markets to the north and north west of Melbourne in suburbs such as Tarneit, Hoppers Crossing, Point Cook, Truganina and Greenvale Lakes. All packages still are in the price bracket between $300,000 and $370,000 and are emerging strong residential growth areas. The southern suburbs of Cranbourne , Rowville and Narre Warren still have some action happening in the quality estates.

 

Throughout Melbourne the rental market is strong and quality property is still very much in demand. Average rents have moved upwards some 10% and even more in some areas. There continues to be a shortage of rentals and as the next interest rate bites, this shortage is expected to increase as the market tightens.

 

2008 presents as a quality opportunity for investors to pick up good capital growth and increasing yields.

 

For more information regarding these special projects call Gerry O’Neill on 0411 696 866 or email your interest to gerry@dfs.com.au or call the Danber Financial Services office on (03) 9794 8108.