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N.I.P. - National Investment Planning Est.1981
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Melbourne Property Investment

Melbourne property market has experienced strong growth over the past 2 years and is expected to continue doing so in 2008/09.

BIS Shrapnel suggests Melbourne property growth for 2007/08 to be a solid 7 percent, alongside continued pressure on the rental market and solid rental growth.

Property price growth is forecast slow in 2008/09 with the median house price expected to increase by 4 percent to $480,000 by June 2009, with purchaser sentiment expected to rise the following year.

Strong rental growth should also deliver better returns to investors, with median rents for 3-bedroom houses tipped to rise 23 percent by 2009/10.

This is likely to lead to a strengthening in dwelling investment and a pick-up in investor activity, beginning in 2009/10. Consequently, the median house price is forecast to increase by over 6 percent in 2009/10 to $500,000.

The Future...

With Melbourne's populated expected to swell by atleast 1 million over the next 23 years (largely due to overseas migration) the Victorian goverment estimates an extra 620,000 dwellings will be needed to cope with the human surge.

Melbourne 2030 is the planning framework designed to control and constrain, to some extent, the urban sprawl predicted to occur over the next two decades. Melbourne 2030 was informed by a study of many metropolitan strategies and best practice from around the world when developed between 2000 and 2002.

Melbourne 2030 plan includes -

Providing better access to services.
Good long term planning will deliver well thoughtout communities closer to transport, shops, schools, jobs and the services people need.

Looking after our environment by encouraging growth in the designated areas.
Through the legislated Urban Growth Boundary (UGB), Melbourne 2030 helps to safegaurd that Melbourne's valuable green wedges for recreation, tourism and the environment.

Sharing the benefits of growth
Bringing investment and jobs to places where people are living.

Providing greater housing choice
Making sure people can find housing that meets their needs - particularly important as the population ages.

Supporting councils to plan for their local communities
The government provides councils with planning tools and funding to manage change and assist with planning for their areas.

For investors, Melbourne 2030 could be a real boom if they play their cards right and keep a close eye on the government's planning policy.

The 2030 plan highlights where the government has planned for growth areas and activity centres. There is already infrastructure changes happening and a desire for the government to improve existing transport links including rail, road and tram services. So, investors can look at whats in place and plan their investment activity accordingly.

Contact us for a free information pack including information and statistics on key areas to invest in Melbourne or to arrange an obligation free consultation.