Outlook Bright for Real Estate in the Garden State

Outlook Bright for Real Estate in the Garden State

3 Jul 2015 By: Bruce Warburton 0 Comment

Victoria has a lot going for it: first-class dining, sports and arts events; great outdoors; and some of the most liveable suburbs on the planet. It is not just us saying it.

Melbourne was recently named World’s Most Liveable City for the fourth year running in a survey of 140 cities by The Economist, proof it is not just us locals who see staggering value in our slice of the national pie.

Did you know that, according to the ABS, our state attracted more net interstate migration than any other in 2014 and that the Foreign Investment Review Board’s latest report confirms our real estate is highly desirable in the eyes of buyers from all corners of the world? In fact Victoria had the most FIRB approvals – 10,042 worth $21.4 billion – of all states and territories, fuelled by the quality of our education facilities, transport and perceived affordability of our housing.

Unsurprisingly, when some of the real estate industry’s brightest stars gathered on the Gold Coast this month for the annual AREC event the message from delegates was clear; there is no end in sight to demand from international and local buyers who see huge appeal in Australian city bricks and mortar; notably Melbourne.

If you’re thinking of selling, this winter will be a prime time to capitalise on this unstoppable demand.

For an obligation-free chat about your property’s potential appeal to buyers who are often prepared to compete to buy your home, contact us today.

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