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

Escalating inner- suburban house prices have underpinned an estimated 15% growth at the end of Melbournes CBD apartment market over the past year!

 

BIS Schrapnel have reported that in the last 18 months house prices close to the city have increased by 20% and the entry point to around $1 million for an inner eastern home, so the idea of a well positioned apartment for under $500,000 is both attractive and sensible for the investor.

 

More and more investors are looking for value in the new growth corridors to the west that still offer proximity, convenience and lifestyle of inner city living. New urban renewal is running off the back of this surge in home prices and suburbs such as Footscray, Yarraville, Braybrook and Sunshine are leading the way. Footscray in particular has shown enormous growth potential,as the older commercial and residential areas undergo change with developers changing the landscape with many new projects. The historic Albert Hotel in Essex street for example will shortly become 27 new apartments with an affordable entry point of between $380,000 and $400,000 for 2 bedroom apartments. Click here for more information.

 

The number of off the plan sales in these areas have nearly doubled this last 12 months and reflects the interest by investors, in particular with these areas.

 

Analysts predict this upturn in interest to remain in 2008 and a predictable rise in rents that we are seeing at the moment to continue. The REIV has forcast city apartment values to gain 7.5% and 11% annually over the next 3 to five years.

 

Also feeding demand for city dwellings is the strong rise in professional employment. According to Australian Bureau of Statistics, the finance, property and business services sectors are among the fastest growing employers in the city.

 

2008 presents as a quality opportunity for investors to pick up good capital growth and increasing yields. Quality projects are coming on in these close- in city areas and represent good value at their entry point.Value under $400,000 is achievable and will be quality investments in property for the future.

 

Each quarter we will try to highlight a few developments or house and land packages that we believe have merit and are worth considering. These projects have been investigated thoroughly and based on location, price, ability to rent easily and value in current market. We are happy to recommend.

 

• Footscray – 5 km from CBD. 2 and 3 bedroom apartments from $340,000

 

An exciting opportunity to get hold of prime real estate in Melbourne inner CBD. Just Released and will not last long!.

Click here or on the thumbnail image to see larger pictures of this project.

 

High quality, architect designed apartments from $380,000, only 5 kms from city and its soaring property values.

Save over $14,500 in stamp duty and register your interest in a development that will surely provide huge capital gains in the coming years as demand for quality inner city property increases.

Be quick and call Gerry O’Neill for details.

• House and Land Packages throughout Melbourne from $280,000

• Brookland Greens Estate Cranbourne - Quality 4 bedroom homes in quality new estate setting the benchmark in new homes in the area. $329,000

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.