Melbourne house property growth boom!

Today, we are reading about the growth of Melbourne and wondering ,WHY?

Well, I suggest the biggest surprising factor is  employment growth. Melbourne is growing through  both longer work hours and more employment. Melbourne is benefiting from interstate migration, as the other states have been either mismanaged at the government level or harder hit by the world financial crisis and subsequent downturn in world trade and  growth. The factors of economic rationalism has driven rational  families and workers into Victoria. Victoria has a more stable and more investment minded government. The basic services of schools, Hospitals, Universities, roads is better provided in Victoria. The current and soon to be revealed plans of the state government are aggressively in favour of growth and development. The topography of a flat city with lots of adjacent vacant land provides for cheaper land development. Victorians has benefited from the builders and developers negotiating  a better deal for the First Home Owners Grant  in Victoria, such that ,we are winning 40 % of these grants, while, Victoria only represents 25 % of the Australian economy.
New capital works include , M1 Monash upgrade $1.4 Bn, Eastlink road opened 2008 cost $2.4 Bn, Western ring  road $1.32 bn, Rail Duplication City to west Werribee, includes three new stations, $2.4 bn, New Melbourne to Sunshine freeway, cost $5.4 bn, two new rail station on the Pakenham line,likely doubling of trains numbers cost ?
The secret is Empoyment growth in Victoria!!!

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Selected Design Ideas for Easy Home Renovating

Some of my favourite ideas are to

1   Build a Deck and establish an Outdoor room. It will enhance your living area and its great for entertaining. A concrete patio can be enhanced by tiling, a shade cloth and  garden furniture. An old deck might need cleaning, sanding and refinishing, to revitalize the color and protection of an old deck.

2   The front entrance makes a statement about your whole home. An imposing front door with stained glass or plain glass will enhance your internal  light. One can still have excellent security with a plastic break proof film.
3  Removing hallways or Entrance halls or excess internal walls, will allow for the trend to popular Open Plan living.
I find with some internal folding partition walls, you can have the best of both styles of living ; Open plan in Summer and Autumn, warm contained zonal living in the Winter and Spring. please consider!

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New Design Transport Technology Ideas, effect for your Home?

Today, I am reading of the forty models of new electric cars, due within two years. Some companies have announced up to forty new electric models are on the way. This year we can look forward to the Imiev from Mistsubishi. While the Leaf from Nissan is not far behind. All the major manufacturers are developing these electric vehicles.
How does this effect property ?
Well, some home buyers have been insisting on only buying, walk to tram or rail. They are fearfull of a future oil price surge. As the electric cars with lightweight and efficient Lithium batteries become available. I suggest the desperate desire to buy only in the inner suburbs may abate.
While, there are good reasons to buy in the Inner ring suburbs, let the fear of high petrol prices not be one of them!  The middle and outer suburbs will return as great areas to live. !
Right now we have available the Electric bikes, some so convenient as one can fold them up and carry them to work. Here’s my idea, cycle on the bike to the railway station and carry the bike to work, or lock it up in the secure yard.

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Solar Power as an home renovating Idea

I understand there are basically three standards of solar panels, they range in value and price from the Chinese products to Japanese and then German quality. In Australia, at the moment, there are great deals where, with a modest 10% deposit one can buy a power system installed and the monthly energy saving largely cover the cost of installation. Thus after two years one is generating both an electricity surplus and a cash surplus. The recently rising prices from $38 to $48.50  of REC certificates and the rise in the $A is allowing the suppliers to offer better deals for home owners. Consult you local power company. I think you might be astonished at  how attractive an offer Origin and AGL can make! The Federal  government is subsidizing these deal until March 2012. Given recent news reports  that electric power will double and triple in the next few years in NSW and Victoria, many households will receive a rude shock if they dont take Action!

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An Idea on the Melbourne house property boom? Why ?

Today, newspapers are reporting week after week of rising Melbourne home values and premiums achieved at auction. What does it all mean ?

1   The population of Melbourne is booming by growing at 1800 a week.

2   This is considered to be double that of only five years ago.

3    Builders are having difficulty finding finance. They are not building enough to meet the house demand.
4    The changed FIRB {Foreign Investment Review Board} guidelines for foreign buyers, has allowed a sudden rise is in overseas buyers. In some areas, these new buyers can account for up to one third of all buyers. This is having a disproportionate effect at the public auction sales.

5   Why is Melbourne so popular? Well all the factors we have always know are becoming more important. Melbourne has great tertiary education institutions, and compared to Sydney, stronger State government leadership!, better public transport {Melbourne is to build several new train stations}, much cheaper land, better hospitals, easier roads congestion and great beaches. I argue there is major interstate immigration from other Australian states. This will take time to be confirmed with government statistics. Then we will be increasingly, be made aware, just why so many Sydney developers including FKP, Devine, Mirvac, Lend Lease, have moved their emphasis of land and homes development to Melbourne.
6  One can still buy a brand new 3  Bed room brick home for around $ 310,000, in Carrum Downs, Skye, Pakenham, Wyndhan Vale, Melton or Tarneit, where similar homes in Sydney would be $600,000.

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