Wednesday, January 29, 2014

Wyndham Harbour

By: ICPM Team


By now many of you will have heard and read of the $500 million Wyndham Harbour Marina development.


Located in Werribee South, it will become Melbourne’s new centre for recreational boating races, regattas and will provide 1000 wet berths and dry dock storage for an additional 390 boats. It also offers a range of living options, including houses, waterfront apartments and a Marina Square with a leisure and retail centre, cosmopolitan cafes, restaurants and specialty shops.


Investors Choice felt such a development within our precinct may warrant consideration to our clients, so with this in mind, additional information regarding this project includes:


• Construction of two new beaches


• 10 hectares of impressive landscaping with purpose-built cycling and walking trails


• Land packages with which to build your dream home


• Marine berths ranging from 10-30 metres


• 24 hour security and camera surveillance


With the likely introduction of a ferry service in 2015 with an operator locked in and the plan to be included in the state governments’ upcoming transport strategy.


This project will be developed in stages.


The first apartments building (Marina Quays Apartments) has sold out and is due for completion in mid-2014.


Now released and available “off the plan” the second five level apartment building designed by SJB architects contains 140 apartments.


Given that stage one has now sold out speaks volumes of the interest in the project.


If you would like additional information such as pricing points, floor plans, designs or perhaps even to view the available scaled model we would welcome your registration of interest. We have aligned and created a streamlined approach with the selling agency on our landlord’s behalf.



Wyndham Harbour

Landlord review WINNER!

By Daniel Grixti


 


While the real winner was Investor Choice getting 100% satisfaction rating from over 500 surveyed investors, we do have a lucky landlord that will receive the next 6 months of rental management for free just for completing the review.


Congratulations to the winner Tegan Aquilina and thanks to everyone who contributed to the ongoing improvement of services offered by Investors Choice Property Management.


The main feedback from the survey was to build on the already strong communication systems and I have already implemented two procedure modifications to provide more information during rent reviews and lease renewals.


Other general ideas and comments are to be discussed at our next monthly staff meeting.



Landlord review WINNER!

Daniel’s Market update – 2014 predictions!

By Daniel Grixti and Peter Kouiloz
While 2013 wasn’t spectacular it was certainly been better than the previous two years. And the odds appear stacked for 2014 to get even better.


With the exception of Perth and Darwin, all capital city property prices have performed better than their previous two years. Whilst Hobart prices are still decreasing, they are not falling as fast as they did in 2011 and 2012.


With all except one capital city (Hobart) experiencing positive growth in prices in 2013, what is in store for 2014 you may ask?


A general opinion is that 2014 will be a better year than 2013. Let’s look at the past three year trends (Figure 1) and then consider some of the influential factors



 


 


 


 


 


 


 


 


Figure 1. Capital growth averages over past three years.


Federal Election

It seemed to be the longest lead up to an election in history and this dampened business and consumer confidence for most of the year. However, the election has come and gone, a new government is in power and consumers and the business community seem to be willing to loosen their purse strings.


Overseas economies
USA
The U.S. economy is picking up gradually, as evidenced by a lowering of the unemployment rate and talk of cutting back on the “printing of money” to stimulate the economy.


Why do they want to cut back? Because the economy is responding to the stimulus and they don’t want it to overshoot and create an inflation problem.


Europe
The news headlines in 2012 and early 2013 were dominated by the Eurozone crisis. Many economies in Europe have a long way to go but there are positive signs in a number of countries that the worst is over.


Gross Domestic Product (GDP) is improving and the unemployment rate is decreasing. The Eurozone should continue to improve in 2014 and beyond which will result in greater business and consumer confidence around the world, including Australia.


Availability of finance

Banks were more willing to lend money in 2013 than in the four previous years. They too will loosen their purse strings as the Australian economy continues to improve.


With more people able to access loans, this will increase demand for property which in turn will increase property prices. However, one of the biggest factors influencing the property market is interest rates (cost of money).


Interest rates

Interest rates are at historical lows but with the political uncertainty in Australia and the economic status of some countries in 2013, many couldn’t see the opportunities, or were too wary to act.


Now confidence is returning to the market, property investors and future home owners are realising it’s a great time to buy. Rates will definitely move in the new year, but buyers should start responding more than they have in 2013.


Source: Property Observer


 



Daniel’s Market update – 2014 predictions!