Popular home renovating suburbs !!!
January 22, 2010 by Tim
Filed under Practical Renovation, Renovating, property market, tips
Here, I note some of the most popular suburbs, where people are renovating, not advice, only observation.
Why not make it easy, for those home renovating.?
1 Home Renovating people are active where new capital works are being built, like, new Airports, University, Shopping Centre, Hospital, Freeway, Railway station, Tram line, Marina or Schools.
2 Renovating activity is, where new luxury apartment blocks are being built. Developers are spending a lot of money and taking big risks to build in these areas. Currently, development activity is spreading along transport routes like train and tram lines. These new apartments are often expensive, as they have the latest in fixtures and fittings, plus high environmental standards.
3 Renovating activity is, where older style Housing Commission home on larger blocks, suitable for subdivision or rebuilding are available. One should be able to buy these at close to land value: as often the older homes can be in need of demolition and rebuilding.
Housing Commission homes are an excellent way of’ “Land banking”. Given one must have an income returning property. These will rent well, until the plans and permits come through council for a redevelopment. Interest needs to be deductible on your land bank. A Housing Commission home is one way, to ensure the financing costs are deductible.
4 Renovating activity is where the population is moving into the suburb. One way to check is via the local council, future plans.
5 Renovating activity is, where there are older historical homes, as many are in dire need of repair. They aren’t building any more old historical homes.
6 Renovating activity is, where are old industrial sites are being converted rapidly into luxury warehouse conversions. Check out those inner city ex factory sites! People want a home close to all sevices in the inner suburbs. Just talk to Harry Triguboff! The advent of outer ring roads and new freeways, has allowed factories and industry to move to outer suburbs. Thus these old factory and transport hubs become available for infill housing in the Inner city suburbs.
So there you have it, a whole range of suburbs!!!
For more info try downloading the FREE ebook!!
It can be easy, if you are home renovating in the popular areas.


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Great info, thank you for posting this
Mandy
Thanks Mandy,
Hope you find some value here. This is terrifically, general stuff. i am sure you can polish it for specifics .
Cheers Tim
Just for Mandy and other new re agents . One way to accelerate your suburb research . Ask for all the information that you can imagine from the local council. I think one might be suprised at the large amount of free stuff available. This will include five year plans, prospective projects and current council growth plans. With suburb overlays, defining residential are as industrial areas, closer development areas. Get the Melbourne 2030 report from the state governent!!