North Melbourne, again the star performer February 2005 RETURN
Since the mid 1990’s we have been very strong in our recommendation for property ownership in the city edge suburb of North Melbourne. We advised that the City Link, the Docklands and north/west CBD development would all contribute to higher income earners flocking to the superb, with an unquenchable thirst for new, ultra modern properties. Demand for both housing and boutique offices has been tremendous over time. As we predicted professional employment growth in the district is raging. The Real Estate Institute of Victoria has released its property statistics for the 2003/2004 financial year. The performance of North Melbourne has been no less than spectacular with the median house price rising 24.4% in the year to 30th June 2004. This is in the same period that many were questioning property in general. The factors we said would provide the growth are prevailing & having their expected effect. We are in no way surprised by the result and expect the area to continue outperforming the market in general. Lets compare the results of other high profile areas in the same period: Suburb % North Melbourne +24.4 St. Kilda -4.1 Williamstown -17.7 Carlton -19.6 Seaford -32.0 Malvern East -1.2 Port Melbourne -5.3 Yarraville +3.0 It is great to see our recommendations becoming reality and having many of our loyal clientele benefit directly from their purchases. They have adopted astute selection processes and been handsomely rewarded. This said, just picking a suburb is not the answer by itself, as this market can both delight and disappoint. We stress the need for strict selection reasoning based on our proven methods to determine the quality market sectors and the future high performing properties. For further details on recommended investment opportunities contact Jason Marston personally during business hours on 9381.9381
Since the mid 1990’s we have been very strong in our recommendation for property ownership in the city edge suburb of North Melbourne. We advised that the City Link, the Docklands and north/west CBD development would all contribute to higher income earners flocking to the superb, with an unquenchable thirst for new, ultra modern properties. Demand for both housing and boutique offices has been tremendous over time. As we predicted professional employment growth in the district is raging. The Real Estate Institute of Victoria has released its property statistics for the 2003/2004 financial year. The performance of North Melbourne has been no less than spectacular with the median house price rising 24.4% in the year to 30th June 2004. This is in the same period that many were questioning property in general. The factors we said would provide the growth are prevailing & having their expected effect. We are in no way surprised by the result and expect the area to continue outperforming the market in general. Lets compare the results of other high profile areas in the same period: Suburb % North Melbourne +24.4 St. Kilda -4.1 Williamstown -17.7 Carlton -19.6 Seaford -32.0 Malvern East -1.2 Port Melbourne -5.3 Yarraville +3.0 It is great to see our recommendations becoming reality and having many of our loyal clientele benefit directly from their purchases. They have adopted astute selection processes and been handsomely rewarded. This said, just picking a suburb is not the answer by itself, as this market can both delight and disappoint. We stress the need for strict selection reasoning based on our proven methods to determine the quality market sectors and the future high performing properties. For further details on recommended investment opportunities contact Jason Marston personally during business hours on 9381.9381