WEEKLY MARKET UPDATE - 25TH JANUARY 2017
By | 25th Jan 17

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WATCH: This week's video is by Frank and is the second update for January.

There is often much debate about whether buying your own home or renting is a better financial decision. A recent study confirmed that buying was a better financial decision though many buyers are opting to be “rent investors” so that they can maintain their lifestyle aspirations and continue to rent.

More and more Australians are embarking on renovation projects than ever before with 62% of homeowners renovating in the last year. With the rising costs of the escalating stamp duty, many home owners are said to have been influenced by TV shows such as The Block and My House Rules and decided to invest their money in upgrading their existing homes instead.

One of the most common questions I have been asked as a Buyer’s Advocate over the last seventeen years is where I predict the next “Hot Spot” areas to be. My answer is always to look for areas that are becoming more popular because of improved infrastructure and amenities, such as Frankston now with an extended hospital or Werribee with a new harbour, and now housing much more expensive houses.

It’s going to be a busy end of the month in February as I will be presenting at Business Coach Jacob Galea’s one day Personal Development Workshop, Melbourne Property Expo and our own Investor’s Club meeting. Please click on details of each of these exciting events on the relevant sections of this email as special discounted rates/ tickets are offered to all Advantage Property bookings. Also, please 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.

By Frank Valentic