Victoria Planning Authority release vision for Arden, new masterplanned suburb in North Melbourne to house up to 30,000 new residents and create thousands of new jobs. The face of Melbourne has changed forever and continues to grow in exciting development is your opportunity to Invest
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 majority 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
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.
Fundamentals that underpin the success of Capital Growth and Increased Rental Yields include :
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