House land values in different States! Melbourne Boom!

Today,’I am researching why is Melbourne booming? I have noticed that the cost of land is so much cheaper in Melbourne. Obviously, this impacts the home final value.   In fact it has a compounding effect. Popular press note from the REIV, that the development of house lots in Sydney 2008 at 2,100 in Melbourne at 16,020 in Brisbane at 11,000. The comparable development charges per lot at $99,800, $29,750,  $43,238.
I  claim this goes a long way to explaining the lower cost of house and land packages in Melbourne. Melbourne has plenty of acccessible and nearly flat land in the Western, Northern and South East growth corridors. This goes a long way to explaining the cost of a House and land package at $600,00 in Sydney, compares to $320,000 in Melbourne.

I claim Melbourne is winning a rising rate of interstate immigration from home buyers.
The Victorian government is moving to doubling the Infrastucture capital works levy on land.  Surely this can only increase the cost of land.
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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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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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Home Renovating materials, free, discounted, via easy home renovating

Do you spend too much time trying to buy the”cheap” easy home renovating materials.
1 Your best way is to buy the best of what you need. Buy good quality home renovating materials. Measure twice, cut once. Quantify what you need, then add some extra volume, in order, to cover breakages.
2 Take concrete, rather than labouriously, mixing for a driveway yourself : it will pay to buy a load of pre-mixed concrete from a mini-mix home delivered.
3 One might get some materials, by eBay/Graysonline/Trading Post, casey, auction houses and garage sales.
4 I like to grow out my own garden bushes, this can save heaps. For me, this can save me thousands a year, when I landscape several home gardens.
5 You can always buy renovating materials in bulk and have it home delivered. Masters or Lowes stores have free delivery. This saves both time and money.

6 Buy furniture as a complete home package, from a discount store like Whitehorse, Sydney’s, furniture Spot, Super Amart or Fantastic Furniture.
7 I note, cleaning up second hand materials, is usually counter productive, as your labour is too valuable, to be cleaning bricks or removing nails from timber.
8 Buy your garden mulch in bulk from the council, on a home delivered basis.
9 For the garden sculpture, one might recycle from the hard rubbish collection.
10 Home Garage sales and Sunday markets are great for home accessories and home feature items.
11 I find my discounts by managing time, by buying at shops like Bunnings, or Masters, Home Depot or Lowes. These are a one stop home hardware shop where you can buy everything, you need.
12 Making your own curtains, blinds, accessories from fabric bought at the Spotlight store.These days both Bunnings and Masters have heaps of home decore items.
13 There are even special demolition stores which recyle building materials from demo jobs.
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