Market Tit Bits July 2006 RETURN
Construction in housing starts for the March quarter was up a healthy 10.6% to 39,216.
The market is still up yet housing affordability is at its lowest levels since the 1980’s according to research gurus BIS Shrapnel.
Macquarie Leisure Trust has bought into the 178 berth marina set for Victoria Harbour Docklands, continuing the growing area’s reputation as a boaties destination.
Current renovation costs are averaging over $1500m2, it is quite often cheaper to build a new home from scratch.
GIO survey suggests 70% of homeowners are under insured
Docklands provides 2 of the 3 short listed sites for the new ANZ headquarters. The 80,000m2 will equal the Rialto in size and provide another boost to our beloved inner north west.
Melbourne’s 2.25million m2 of office space almost equals Sydney in volume as do rental values for suburban sites at $225m2.
Melbourne’s industrial market hit sales of $657m in the 05/06 financial year. This is a whopping 40% surge from 04/05 levels. Cashed up Listed Property Trusts were 38.6% of sales against 23% previously.
We may be witnessing the return of the “off the plan sale”. This will be lead by only top standard property. Our firm has several projects being marketed under construction & sales are buoyant, especially North & West Melbourne. No surprise though, we always thought the quality offerings will endure any market and these are gems.
A recent survey by Wizard home loans has unearthed a powerful new market sector. 61,000 Investors were identified as 1st home owners, consolidating wealth with the help of tax refunds and rental income before buying their own residence.
In 2001 24% of residents were single occupants, expect that to rise to 34% by 2031.
Construction in housing starts for the March quarter was up a healthy 10.6% to 39,216.
The market is still up yet housing affordability is at its lowest levels since the 1980’s according to research gurus BIS Shrapnel.
Macquarie Leisure Trust has bought into the 178 berth marina set for Victoria Harbour Docklands, continuing the growing area’s reputation as a boaties destination.
Current renovation costs are averaging over $1500m2, it is quite often cheaper to build a new home from scratch.
GIO survey suggests 70% of homeowners are under insured
Docklands provides 2 of the 3 short listed sites for the new ANZ headquarters. The 80,000m2 will equal the Rialto in size and provide another boost to our beloved inner north west.
Melbourne’s 2.25million m2 of office space almost equals Sydney in volume as do rental values for suburban sites at $225m2.
Melbourne’s industrial market hit sales of $657m in the 05/06 financial year. This is a whopping 40% surge from 04/05 levels. Cashed up Listed Property Trusts were 38.6% of sales against 23% previously.
We may be witnessing the return of the “off the plan sale”. This will be lead by only top standard property. Our firm has several projects being marketed under construction & sales are buoyant, especially North & West Melbourne. No surprise though, we always thought the quality offerings will endure any market and these are gems.
A recent survey by Wizard home loans has unearthed a powerful new market sector. 61,000 Investors were identified as 1st home owners, consolidating wealth with the help of tax refunds and rental income before buying their own residence.
In 2001 24% of residents were single occupants, expect that to rise to 34% by 2031.