Market Tit Bits February 2006 RETURN
In 2001 24% of homes were for single occupants, predictions suggest this may rise to 31% by 2030. If this is accurate housing built in the future will alter with a trend for more compact styles to suit .
The Property Council of Victoria confirms our advice of 2005 to buy CBD/Fringe commercial property. Vacancies plummeted by 25% in the year to July 2005 & Freshwater Place in Southbank absorbed 21,082m2 alone. The market will quickly jump on the latest bandwagon as rental & sale values rise.
The State Government is considering deregulating Licensing requirements to practice Real Estate and offering it en mass to other professionals such as accountants. It would be impossible for most other professionals to grasp our industry as it demands specific skills in many areas. Having stronger requirements would help the public and the industry better.
In 2001 24% of homes were for single occupants, predictions suggest this may rise to 31% by 2030. If this is accurate housing built in the future will alter with a trend for more compact styles to suit .
The Property Council of Victoria confirms our advice of 2005 to buy CBD/Fringe commercial property. Vacancies plummeted by 25% in the year to July 2005 & Freshwater Place in Southbank absorbed 21,082m2 alone. The market will quickly jump on the latest bandwagon as rental & sale values rise.
The State Government is considering deregulating Licensing requirements to practice Real Estate and offering it en mass to other professionals such as accountants. It would be impossible for most other professionals to grasp our industry as it demands specific skills in many areas. Having stronger requirements would help the public and the industry better.