THursday Melbourne update

Well knock me down with a feather , yesterday’s , announcement from Government statistics . Melbourne scores over 4 million residents.  Now we know why the trains are packed!!!                                                                           Introduction: How to Get Lucky!

Being lucky is all about being prepared. Opportunities arise for everyone. The ‘lucky’ people in life are those who are equipped to take advantage of opportunities when they present. This book was written to help you be prepared!

ABS Predictions indicate that Australian cities are growing quickly. Latest predictions suggest growth in Melbourne of 3 million between 2007 and 2056, from 3.7 million to 6.7 million. Some projections indicate Australia’s population will grow at a net 350,000 persons per year, rising to 400,000 net persons by 2013; additionally, continuing high immigration figures add further to the numbers of city dwellers. The current fall in home building is creating a housing shortfall. This shortage is expected to worsen as underlying demand grows and home building falls. The result will be rising rents and falling vacancy rates, and higher income for investors.

Are you an ambitious young person saving for your first home? Are you a home owner retiree keen to secure your income in later years, or mid-career investor intent on building a nest egg? Then, this book will explain how to:

• select your renovation suburb
• source and secure property with strong capital growth potential
• use a small deposit to acquire and renovate your first property
• assess and plan your project
• set a budget and calculate expected returns
• engage your team of tradespeople
• renovate successfully
• achieve your desired returns
• market the completed property successfully
• use increased asset value to fund further acquisitions

Who will benefit most from this book? Whether you are a home owner or buyer wanting to improve personal comfort and property value, or an investor who is keen to maximize earning potential, you will do best if you have courage and determination and you are willing to study the property market. If you are willing to invest time and energy, you can reap huge rewards.

Property or Shares ?

This often debated question is much more. I prefer property obviously, as one can gear, its is less volaatile and returns can be improved by simple renovations

September Property Ideas

Hi Readers,
Can note that current Auctions are going very well, with nine weeks at a clearance rate above 80%. This can be taken that property prices are rising.
Just completed a South Australian tour. I can advise that smaller country towns are experiancing good growth,  from retiring persons reinvesting after moving from the major cities. In S.A., the house and land packages are around $100,000 cheaper than Victoria Why one might enquire?: well the raw land blocks are much cheaper, the cost of building is cheaper and the building standards are more basic. This all adds up to cheaper homes.