The latest happenings in the Melbourne property market. For our Essays and The Secret Agent Report, see our Research page.
An interesting article appeared in the Age today about Melbourne house prices over the past 12 months.
Melbourne surged 25.2% in 2007 outstripping all other Australian capital cities.
With 1000 people moving into melbourne each week demand looks likely to increase however it is doubtful 2008 will be as strong as 2007.
Queensland to me has always seemed the place where the more 'established' people among us migrate to get some warmer weather.
Currently in a boom, Queensland is growth rate is nothing short of spectaclur with great forcasts ahead, So where do you buy in this roaring state? I say you go where the Mangoes are, Tullip is only 25 km from Townsville are is surging in vale however pricing is still we below nearing towns and with an expected inflow of 20,000 migrants over the next 2 years due to the food boom this could be a good chance to profit.
Enjoy the mangoes!
Welcome to Richard Branson’s island where for a cool $60,000US a night you can indulge yourself in the luxuries that would be expected to please Sir Richard…
If only we could all have a property on an island like this!
Guests to have stayed here include the Rolling Stones & the Beatles as well as the owners of Google having their wedding on the island.
An interesting speech by the Victorian premier today stated the government’s attempts to have a ‘relief package’ for the average 1st homebuyer was succeeding…
I think that all they are succeeding 1st home buyers to do is to keep pushing the boundaries of Melbourne by building in cheap area’s which have very little public infrastructure or transport. The way our cities need to grow is internally by making our city more compact rather than keep bulldozing land which does nothing for the environment and makes our people so reliant on cars.
Which would we prefer to be like, LA or New York?