Thursday, January 23, 2014

Melbourne property is fast growing yet affordable !

Great news if you have invested in Melbourne real estate ! Despite the naysayers, Melbourne real estate has continued to grow from strength to strength. 

According to an article from credit ratings agency Fitch, Australian house prices have grown faster than those in any other major economy and are forecast to outstrip even countries recovering from the GFC in 2014. Australian house prices have more than tripled since 1997, accelerating past other countries as the crisis bit in 2009.

As a long term property investor myself, I personally feel that there is much more growth to be appreciated as the real estate market evolves to a higher density environment. It definitely is not too late to grab your slice of the pie. 

Are you an overseas or interstate investor looking to buy property in Melbourne ? What do you think about the prospects of the Melbourne real estate market ?

Tuesday, January 7, 2014

Australian Open is back !

Maria Sharapova at the practice courts
When everyone starts dusting off their old tennis racquet for a hit, or you start seeing more people on the streets decked out in tennis gear, you know its that time of the year again ... Australian Open is back !

And what a great time it is to be in Melbourne. You can just feel the buzz and atmosphere. There's a big influx of tourists, the restaurants and pubs are packed and the weather this time of year is gorgeous.

And if you are lucky, you might even spot a tennis star or two !

Here's an exclusive Melbourne Ahoy tip if you enjoy "star gazing".  Most of the tennis stars are sponsored by major retail brands and they always make an appearance at the main store. For example, my favourite player Maria Sharapova never fails to attend the Tag Heuer store function in the Melbourne CBD.

Saturday, January 4, 2014

Melbourne property prices rise in 2013

Surprise surprise, property prices haven risen again. According to the latest reports, Melbourne median property prices have risen 8.5%

Great news for existing homeowners but not so if you are in the market to buy one! The naysayers keep on predicting a CRASH in prices every year but it has not looked close to happening yet. 

So if you are in the market, go out and buy your property asap. You can't predict the future but based on almost 20 years worth of history, there is a higher chance that prices will continue to rise than it crashing. 

If you are waiting out for a price plunge before buying a home, my advice is don't hold your breath !

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