Melbourne

The Right Place @ the Right Time

Not in our life time have we been so well placed at the forefront of Opportunity …  7.7 million people by 2051 !!!

[Current Population 4.35mil – 27% higher from the start of 2000]

Largest population growth of all Australian Capitals in the last 5 years. Estimated to overtake Sydney Population by 2053

The phrase “When all your stars are aligned …” is a figure of speech telling you that everything in your life is at the right place at the right time and you should take advantage of the situation!

YOUR OPPORTUNITY : Melbourne has the Highest Population Growth  (95,500 or 10.5% last year) in Australia, placing a massive demand on property to own or rent. With the majoirty of Melbournians wanting to live in the inner suburbs of Melbourne (8 – 12km radius of CBD) there is renewed pressure on property supply.

PLAN MELBOURNE 2051 is the governments focus on Infrastructure to meet planned for growth over the next 30 years where the Population of Melbourne

Government plan to spend $27Billion Dollars to do this and expect a return on their investment by instructing local councils to play ball and approve projects that will certainly create employment, bring in more people to fill these jobs and improve the economy of Victoria

 

Melbourne 2051

 

Your Opportunity to grow & secure your wealth is well supported by :

  • Population growth to 7.7 million Melbournians
  • 1.57 million new dwellings required to cater for the increased demand
  • 960,000 of these dwellings in already established areas
  • 610,000 in growth areas
  • 300,000 new jobs expected to be created in the central city
  • New roads
  • New tunnel
  • New airport
  • New rail lines

Did you know that most people in Melbourne can afford to buy or rent a property in the price range of $350,000 to $650,000 and the pressure on supply of property to meet this demand is at an all time high. Building approvals are lower than in previous years causing the gap between supply and demand to increase. Melbourne has already grown by over 7% during 2013 and with further population growth there could be continued upward pressure on pricing and also increased rent.

Well, take a look at the Fundamentals of Investing in Property in Melbourne today. You will notice that all the Melbourne Stars are lined up for you to take advantage of!!

Melbourne is an ageing population and our government does not have the resources to look after you now nor into your retirement. And with only 3 out of every 100 workers / self employed being able to retire on around $1000 per month … if you do not take your financial planning seriously today then you will be a statistic of the other 97 people who are below the poverty line and unable to come out financially when you want to retire.

 Melbourne has achieved a 9.53% Capital Growth average year on year since 1966 !!

  • Over last 5 years Melbourne has had a 19% increase in overall prices and over last 10 years 44%
  • Median unit prices in Melbourne increased 9.8% over the last 12 months
    • Median House price $650,000 Sept 2014
    • Median Unit price $501,000 Sept 2014
  • Supply of dwellings struggling to keep up with demand based on
    • Population Growth, affordability due to increased median of homes being $650k, baby boomers downsizing, first home owners affordability
  • As at June 2014, gross rental yields are on average 4.2% for houses and 4.7% for apartments

Fundamentals that underpin the success of Capital Growth and Increased Rental Yields include :

  • Government Investment
  • Industry Investment
  • Job Creation
  • Populatin Growth
  • Demand
  • Low Supply

Melbourne continues to evolve and certainly ticks all of these required boxes!

 

Property Fundamentals 1 more

Property Fundamentals 2 more

 

Source : ABS, REIV, Age Newspaper, Vic Govt web site

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