Jul 11, 2017
In today's episode, Terry & Drew discuss the Top 5 Melbourne Hotspots in 2017. There was lots of interest in the earlier episode on the Top 5 Brisbane Hotspots so today we're going to get into the information in the Melbourne report.
Right now, Melbourne is the strongest capital city market in Australia because it has the best price growth and best sales activity.
Melbourne has often been second to Sydney in real estate terms but in the past 12 months, it's risen where Sydney has started to contract and it's now the number 1 city for annual increases in property prices.
In this episode
- What information is drawn upon to create the Hotspot reports
- Outer-ring areas lead growth and the Melbourne inner-city surge winds down
- The 10 core categories or events that tend to create real estate hotspots
- Building approvals rising
- Yields with relation to population growth and young families
- Affordability + job nodes + infrastructure = price growth
Links for this show
Hotspotting
Top 5 Hotspots in Melbourne 2017 Report
Website – www.hotspotting.com.au
Facebook - https://www.facebook.com/hotspotting/
Otium Group
Facebook - https://www.facebook.com/OtiumGroup/
If you have any questions, please email drew@otiumgroup.com.au, or send us a message us through the Hotspotting Facebook page.