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Investors casting keen eyes over Point Cook
THE first rule of retail business is to give customers what they want.
And real estate investors are applying the same rule when searching for properties.
New research of investors search habits by realestate.com.au shows that investors understand what’s needed to please their customers when they buy.
When looking to buy property for financial gain, investors have to think about who will pay good money to rent their home as well as whether the suburb has strong capital growth prospects.
Realestate.com.au’s top 10 investment hotspots are a wide selection of suburbs that share good public transport links, access to major mall or strip shopping centres, school zones or proximity to the city and university campuses.
The co妹妹on thread is they’re all suburbs that are popular places to live.
But the number one suburb on the investment radar is a surprising result.
Point Cook is one of Melbourne’s newest suburbs, developing around wetlands along the coa
Point Cook is one of Melbourne’s newest suburbs, developing around wetlands along the coast of Port Phillip Bay. Source: News Limited
Point Cook is a relatively new suburb in the western growth corridor famed for its McMansions.
Paul Wolff, director of home builder Porter Davis Homes, said Point Cook’s location was a big drawcard.
“Driving from Point Cook to Melbourne CBD only takes about half an hour, which is really short compared to other investment areas including Werribee and Hoppers Crossing,” Mr Wolff said.
Point Cook was also close to Williams Landing and Aircraft train stations on the Werribee line, he said.
“The proximity to the city is not only attracting investors but also foreign and second and third-home buyers,” he said.
“Point Cook promises huge capital growth along with retail developments, infrastructure and schools in the next five to 10 years and the experienced investor knows about this.”
“This area has a lot of promise, emerging as a hotspot for investors.
“House and land packages are really affordable in Point Cook and the development happening at the moment will only drive capital growth.”
Point Cook offers public transport options as well as freeway access to the city.
Point Cook offers public transport options as well as freeway access to the city. Source: News Corp Australia
Mr Wolff said Point Cook had a diverse mix of properties, including homes in the million dollar bracket and affordable units.
The research found interest in investment property was spread across Melbourne during January to March. Inner suburbs, including St Kilda, Carlton and Richmond, also attracted interest from investors, while outer suburbs close to train stations and shopping centres also made the list. They included Glen Waverley, Frankston, Wantirna South and Ringwood.
Real Estate Institute of Victoria chief executive Enzo Raimondo said thinking about what tenants wanted was the key when buying an investment property.
“Think about what would make your property attractive to tenants,” he said.
“For example, you may enjoy driving to work, but with a rental property, proximity to public transport is generally essential.
“If buying a family home to rent out, is it near schools? If buying a trendy apartment, tenants will want cafes nearby.”
Property investment reached a peak in 2014, with official figures showing nearly half of new home loans created were to buy, or build, an investment property.
But the level of investment activity in the market has showed signs of slowing this year, as the Reserve Bank and the banking industry watchdog, Australian Prudential Regulation Authority, seek to limit unsustainable growth in the sector.
According to the Australian Bureau of Statistics, the total value of home loans for investment properties rose by $47 million in February, 2015.
JOINING MATES IN THE PROFIT TRAIN
STEVE Cadwallader thought he’d missed the boat when he watched several mates counting how much their property investments were paying off.
At 30, Mr Cadwallader is not getting old by any stretch of the imagination, but in investment terms, he’d already missed a few years’ of capital growth.
Working for a big four bank meant he understood the benefits of buying an investment property.
Mr Cadwallader this year bought a block of land in Point Cook, where a new home is under construction.
“The reason I bought land out there was the proximity to the city at about 20kms, compared to somewhere like Pakenham or Officer that’s 50km out,” he said.
“The infrastructure they’re planning in the next five to 10 years — a new interchange to the freeway between Werribee and Point Cook to ease traffic congestion — as well as the fact you’ve got all the wetlands, the beach and the proximity to the city was a standout.”
TOP INVESTOR HOTSPOTS
1. POINT COOK
2. CARLTON
3. GLEN WAVERLEY
4. FRANKSTON
5. BRUNSWICK
6. ST KILDA
7. WANTIRNA SOUTH
8. PRESTON
9. RINGWOOD
10. RICHMOND
Source: realestate.com.au
http://www.news.com.au/finance/r ... ba8uq-十二27329813317 |
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