First homebuyers improve rental vacancy rates
Melbourne’s outer suburb vacancy rates have improved from 0.7 per cent to 1.8 per cent in the past six months, according to the Real Estate Institute of Victoria’s April vacancy rates.
The vacancy rate across Melbourne is reasonably steady having been between one and 1.4 per cent for 12 months. However it‘s significant that there’s a [...]
Commercial building holds up
The value of commercial building permits in Victoria increased in the March quarter, despite a fall in the state’s building industry overall.
Building Commissioner Tony Arnel says that when compared to the same period in 2008, the value of building permits in the state has decreased by 11 per cent to reach below $4.2 billion!
When [...]
How to profit from the next property boom!!
Property investors should plan ahead in order to take advantage of the next upturn in the property cycle, according to quantity surveying firm Asset Economics.
“Property booms never last (and) neither do property busts,” the firm says in its latest newsletter.
To take advantage of the next boom, investors need to buy for long-term capital growth [...]
Classic Double Fronted Slate Roofed Hawthorn Brick Victorian Residence of 6 Main Rooms, 3 Bedrooms + Study
551 Punt Road SOUTH YARRA
Painstakingly renovated with an open cheque book from the ground up, this stunning home has been re-stumped and rewired with new double glazing. It features a stunning gourmet kitchen opening to a large family room at the rear which overlooks the back garden and entertaining area.
Accommodation includes three huge double [...]
Investors to wait and watch
It would seem all the stars are aligned: low rates, population growth, low vacancy rates, strong rents and a shortage of housing in most capitals.
Since late 2008, the number of loans to first home buyers has substantially outweighed those to existing owner-occupiers and investors as first-time buyers rush to take advantage of the increased government [...]
Renters should buy now!!
Increasing rents have boosted the housing component of the Consumer Price Index (CPI) by 0.9 per cent for the quarter and the overall annual increase to 5.5 per cent, that’s according to Australian Bureau of Statistics (ABS) figures released this week.
The CEO of Real Estate Institute of Australia has said, “The majority of this increase [...]
Cheap inner-city areas – where are they?
It’s well known, buying properties within 10km of capital cities are generally a good investment, but where ARE the most affordable areas?
Did you know there are suburbs within 5km of capital city centres where the median unit price is $200,000 and the gross rental yield 5.33%?
You really don’t have to buy far from the [...]
Prime Development Site
326 - 328 Burwood Highway BURWOOD
Price: Contact Mark Forytarz for details
This high exposure development site (1,776m2) approx. and regular in shape is within close proximity to Deakin University (Burwood).
Boasting a wide frontage, this site suits many options including a prime student apartment site (STCA) or OYO 1 & [...]
Mark Forytarz - Banks value Castran Gilbert
Adding to these testimonials, recently one of our clients went to 1 of the 4 major banks to finance a project and on discovery that Castran Gilbert were involved, the bank proceeded to inform them Castran Gilbert is their preferred selling agent…the bank signed off immediately on the project!!
Call Mark Forytarz to discuss your real [...]
Mark Forytarz - Testimonial from Martin Tissot
My latest project has seen another 100% Castran Gilbert pre-sell! They gave me the confidence they could pre-sell then actually did it!! Their huge volume of pre-sales allowed me a construction start and also financed my next project …I have never had so much success since dealing with Castran Gilbert!! - Martin Tissot
Contact Mark Forytarz [...]