Weekly Property Market Update - 9th January 2018
By Advantage Property | 9th Jan 18
Welcome back to our first Advantage Property weekly update. Hoping you all had a fantastic festive season and wishing you and your family a wonderful New Year. As with every new year, many people make New Year’s resolutions and some investors are hopefully making a resolution to buy another investment property and to build their portfolio. Hopefully you also develop a long term property strategy as good property always continues to go up in value.
There have been many predictions for the property market in 2018. Most professionals including myself have stated that they think it will be more of a buyers’ market than a sellers’ market this year which is great news for buyers. Sellers have had a fantastic run with some massive capital gains over the last five and a half years since the market bottomed in September 2012, so it is great to finally see some more opportunities for buyers.
I have been asked recently about what areas will be good value this year and my ‘hot spots’ and my predictions are to stick towards Melbourne’s middle West and Northern suburbs including Thomastown, St Albans, Ardeer and Reservoir. I also predict some of the outer Bayside suburbs such as Frankston right through to the Mornington Peninsula suburbs such as Dromana and McCrae will continue to improve. Read our predictions for 2018 ‘hot spots’ in Scott Carbines article here.
Please don’t hesitate to check out our website for more information about our popular Buyer’s Advocate, Sellers Advocate, Owner’s Corporation and Property Management services and our latest newsletters as well as our future Group Block opportunities. Our newest opportunities are a block of two bedroom art deco apartments (without parking) in Duke Street, St Kilda for $485,000-$535,000 each that we have negotiated after auction with a developer and a block of 4 one bedroom and 2 two bedroom villa units in Ballarat, each with a car space (approximately $150,000 each for the one bedroom units and approximately $200,000 each for the two bedroom units). Please register your interest by contacting firstname.lastname@example.org