Property performance, its not the same every where! November 2005 RETURN
The fluctuating property market is again illustrating the need for prudent analysis. Over time we keep advising that certain property will outperform the market in general. These are the sectors we advise to our client base yet we must have very solid reasons to do so. After predicting a strong inner west recovery for some time now market results are documenting a dramatic performance difference in our recommended market and the areas that can under perform. One of the key elements is continuing buyer and rental demand. What creates a huge momentum of demand for us is a low interest rate environment coupled with high professional employment. These are certainly prevalent in our immediate area. Our selected markets have been solid performers in 16-17 years out of the last 22 as opposed to less than 10 good years of the 22 for most suburbs more than 15kms from the CBD. Lets run the latest figures for your consideration. $000’s September quarterly median Value Suburb 2004 2005 % change Nth Melbourne 315 406 +28.8 Ascot Vale 375 408 +8.7 Kensington 358 381 +6.4 Flemington 315 329 +4.4 Springvale 268 248 -7.5 Diamond Creek 340 290 -14.7 Ashburton 530 470 -11.3 Gladstone Park 270 275 nil It must be remembered that these figures are in a period that many analysts were predicting plummeting values in all sectors. With the gaps of performance often exceeding $50,000 it highlights the importance of having a sound strategy. We are also quite proud of our selection processes that continue to help our clientele outperform the market. Should you wish to discuss the opportunities for prudent property investment please contact Jason Marston personally on 9381.9381.
The fluctuating property market is again illustrating the need for prudent analysis. Over time we keep advising that certain property will outperform the market in general. These are the sectors we advise to our client base yet we must have very solid reasons to do so. After predicting a strong inner west recovery for some time now market results are documenting a dramatic performance difference in our recommended market and the areas that can under perform. One of the key elements is continuing buyer and rental demand. What creates a huge momentum of demand for us is a low interest rate environment coupled with high professional employment. These are certainly prevalent in our immediate area. Our selected markets have been solid performers in 16-17 years out of the last 22 as opposed to less than 10 good years of the 22 for most suburbs more than 15kms from the CBD. Lets run the latest figures for your consideration. $000’s September quarterly median Value Suburb 2004 2005 % change Nth Melbourne 315 406 +28.8 Ascot Vale 375 408 +8.7 Kensington 358 381 +6.4 Flemington 315 329 +4.4 Springvale 268 248 -7.5 Diamond Creek 340 290 -14.7 Ashburton 530 470 -11.3 Gladstone Park 270 275 nil It must be remembered that these figures are in a period that many analysts were predicting plummeting values in all sectors. With the gaps of performance often exceeding $50,000 it highlights the importance of having a sound strategy. We are also quite proud of our selection processes that continue to help our clientele outperform the market. Should you wish to discuss the opportunities for prudent property investment please contact Jason Marston personally on 9381.9381.