Fastrealestate

Melbourne Real Estate - Melbourne Victoria has enjoyed a bouyant property market over the last 5 years, stong demand has driven prices up and even with the market slowing down over the last 12 to 18 months Melbourne remains an attractive market for real estate investors. Medium to long term investing in property close to the inner city of Melbourne has given a great percentage return in terms of capital growth. The improved freeway system has opened up the outer areas to the north and east, families have taken to the new housing estates which have become major growth areas, house prices have risen accordingly as have rental returns for property investors. Melbourne also has the bayside suburbs wich offer the expensive waterfront luxury properties, again these areas are popular with investors and renovators. Property investing in the second largest city in Australia should always provide good returns provided buyers take the time to do their homework.

Melbourne  Sep quarter median   % change  Jun 07 – Sep 07   % change
Sep 06 – Sep 07
 
House Price  $431,000  +3.9   +13.1
 
House Rent (3 b/r)  $260 pw  +4.0  +10.6
 
Unit Price  $367,800  +5.1  +14.6 

Unit Rent (2 b/r)  $270 pw  +3.8  +12.5 

Vacancy rate  1.2  -0.2  -0.4 

Melbourne Features -

The MCG home of the AFL Grand Final

Melbourne Tennis Center Home of the Australian Open

Flinders Street Station

The Yarra River

Amazing cafe / dinning culture in and around the CBD

Perth Real Estate- Perth WA has seen a remarkable boom in the real estate market due to more than just the national property boom. The global demand for mining resources has given Perth and the Western Australian economy as a whole a major boost. This demand driven largely by China looks set to continue for the foreseeable future and large numbers of people have relocated to Perth in search of employment. Perth median house prices are at the $500,000 mark and have continued to rise while other Australian cities have slowed.  The demand for rental properties is very strong given the growth and demand situation.

About  Perth - The City  is located on the Indian Ocean in the state of Western Australia (WA). Perth is the capital of Western Australia and is Australia’s fourth largest city with a growing population of about 1.5 million.

Perth   Sep quarter median  % change
Jun 07 – Sep 07  % change
Sep 06 – Sep 07
 
House Price  $455,000  +0.7  +3.4
 
House Rent  $300 pw  0.0  +15.4
 
Unit Price  $370,000  +2.8  +8.8
 
Unit Rent  $290 pw  +3.6  +20.8
 
Vacancy rate  2.5  +0.4  +0.4