Weekly Market Update 9th February 2016
By | 9th Feb 16

Melbourne’s auction market was off to a strong start recording a clearance rate of 76%, further proving that we can expect to see solid results achieved in 2016 for good quality properties with a point of difference. One of the most common questions I find buyers ask, is how do you predict the next ‘Hot Suburbs’ set to experience large capital growth? Take note of the neighbouring suburbs as most suburbs do have a ripple effect, meaning if your neighbours are already considered ‘hot’, chances are it won’t be too long until your suburb takes off. Some of the other most important things to look for include easy access to the CBD and public transport, (preferably a train line) and investing in developing local shops, café’s and eateries. I often recommend clients do “the coffee” test. When you go for a coffee, take the time to sit down and observe the area and the demographics of people living in it. This will tell you a lot about the quality of an area. To read the full article I was quoted in, please CLICK HERE.

In 1981, $750 would buy you a Brighton Beach bathing box but one recently one sold for $285,000 proving that Aussies love the summer months. We recently contributed to an article in Australian Property Investor following the strong capital growth many Peninsula suburbs have experienced with tips to maximise your return on your investment, being your holiday home. Like many of you, my holiday home is bought more for personal pleasure but any property is always an investment and it is important to treat it as such. In this article we focus on appealing to renters and how to maximise your return and how to minimise your overheads. To read the full article, please CLICK HERE.

An interesting article was recently published stating that the Sydney median house price has fallen to $800,000. This is consistent with the Sydney clearance rate weakening towards the end of the year. Though I am still hearing from our Sydney investors that they are priced out of the market. It will be interesting to see how the Sydney market performs over the next few months to establish if this decrease is more of a reflection of the notoriously quiet January period or a continuing trend for Sydney. To read the full article, please CLICK HERE

This week's video is from our Property Manager Brant, and is the first in a series of Landlord Tips. Watch his insights on purchasing property that's investment grade.