Melbourne Property Market Update – July 11th, 2015
By Peter Sarmas on 11 Jul 2015
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1500 New Apartments Slated For Fishermans Bend
Planning & Property Partners has spearheaded the latest development push into Fishermans Bend, covering six separate residential towers fronting Normanby Road. As part of the development Port Phillip Housing Trust stands to benefit with the allocation of a number of apartments set aside for affordable housing use.
Is Chinese Investment Actually A Boon For Affordability?
Contrary to both popular sentiment and hackneyed media reports, one leading real estate expert claims that the ongoing wave of Chinese investment in the local property market could actually be of benefit to affordability for Australian homebuyers. Read this interesting report from Marc Howe of Sourceable Industry News.
House Rent Prices Reach Record High
Are investors seeing positive returns? Median weekly house rents in Sydney hit a fresh record of $530 and unit rents lifted to $500 in the June quarter, according to the latest Domain Group Rental Report. Find out what the median weekly rents are nationally for both houses and units/apartments.
Australian Housing Even More Appealing to Foreigners
CoreLogic RP Data senior research analyst Cameron Kusher says housing is looking expensive to many Australians, particularly in Sydney and Melbourne, but not so for foreign buyers. Why is Australian housing so attractive to offshore buyers?
The latest data from the ABS covering housing finance to May 2015, show that in trend terms, lending for investment purposes rose by more than 1%, whilst owner occupied loans rose 0.4%. In this report from Martin North of Digital Finance Analytics he states that this could be misleading and explains why.
Six things Other Cities Can Learn From Transport For London’s Success
Is Australia’s public transport all wrong? Urban Melbourne looks at why Transport for London is leading the way as an effective transport authority. Since TFL took over in 2007, passenger numbers have increased five fold – from 2.5 million to 13.5 million.
