News Melbourne, the #1 prospect for Investment and Development.
Melbourne, the #1 prospect for Investment and Development.
An article in the Herald Sun this week revealed that Melbourne has outstripped Singapore and Sydney to rank as the number one prospect in the Asia Pacific region for both investment and development. Melbourne was the top-ranked in both investment and development, with experts saying the Victorian capital also offered a good yield spread over the cost of debt and sovereign bonds, a deep, liquid, core market and good prospects for rental growth
While the report dealt primarily with commercial investment and development, a city with healthy levels of investment and development promotes jobs growth and, ultimately, investment in residential housing.
In the lead up to Christmas, there have been some great sales achieved across the Barry Plant Group this week, including the following from our team:
- 2A Lilian Street. Bulleen sold for $1,215,000
- 10/35-37 Wooddale Grove, Donvale sold for $710,000
- 4/216 Templestowe Road, Templestowe Lower sold for $710,000
- 6 Harvell Court, Doncaster sold for $1,038,000
- 70 Latrobe Street, Bulleen sold for $1,131,000
- 6/27 Hazel Drive, Templestowe Lower sold for $720,000
- 2/226 Springfield Road, Blackburn sold for $625,000
Currently under offer:
- 3/48 Gedye Street, Doncaster East
- 96-98 Beverley Street, Doncaster East