Weekly Market Update 1st March 2017
By | 1st Mar 17


WATCH: Watch Frank Valentic’s insights on spotting the next hot spot!

One million dollars used to buy a lot in Melbourne but not anymore as prices have continued to rise over the last twenty two years that I have been a property investor. There are now 104 Melbourne suburbs that have a median house price over a million dollars and there are ten more suburbs set to join the million dollar club soon, including another five from the Northern and Western suburbs which used to be the most affordable part of Melbourne.

Investors will continue to find it hard to secure finance as many banks, including the Commonwealth Bank and AMP, have stopped refinancing any investor loans and have restricted loan to-value ratios for new investor loans. It is more important than ever before to have an experienced mortgage broker navigate through the mortgage finance minefield for you.

Over the last seventeen years as Buyer’s Advocates, we have always looked for properties that have potential to add value to and create instant equity so that our clients can build their portfolios faster. Click here to read my article which featured four add value strategies in the Property Review Weekly Magazine recently. 

Please don’t hesitate to visit our website www.advantageproperty.com.au or contact us regarding our popular Buyer’s Advocate, Vendor Advocacy, Property Management, Owner’s Corporation services and Group Block Purchases..