High Population Density Hampering Unit Value Growth: Corelogic
Areas with high population density have been found to dampen value growth in units, CoreLogicโs research director has said. CoreLogicโs latest Property Pulse research has indicated that there is a significant relationship between unit values and population density. This data comes as CoreLogic (in collaboration with ANZ) found that the latest estimate of median annual household income nationally is $100,244 before taxes and assuming 30 percent of this income is used on mortgage repayments at current average variable rates (around 6.3 percent), an affordable dwelling purchase would be around $503,000. However, as home values continue to climb, this affordable purchase price is below most actual dwelling values as the median Australian unit price sits around $640,000, while the median house price is around $834,000. You may read the whole article here:https://shorturl.at/bkmq9
Australian Housing Crisis Set to Intensify
According to Deloitte Access Economics, Australiaโs ongoing housing crisis is projected to intensify before any improvement is seen, putting pressure on the federal government to address these issues in the upcoming May budget. โThe cost of land, materials, and labour will stay at higher levels, while recent insolvency rates suggest builders will need bigger profit margins if they are to deliver the significant lift in dwellings that governments and the community are crying out for,โ said Stephen Smith, partner at Deloitte Access Economics, in the firmโs latest business outlook report. Building challenges and economic pressuresSmith expressed concern that achieving the national goal of constructing 1.2 million new homes from mid-2024 may not be feasible due to the current construction pace, hindered by sluggish new dwelling starts and a backlog of unfinished homes plaguing builders, according to an NCA Newswire report. โThe correcting [of] the housing crisis will take years and will get quite a lot worse before it gets better,โ Smith said. You may read the whole article here:https://bit.ly/3Qct4V6
Seeking Solutions for Housing Affordability
Richard Yetsenga, chief economist at ANZ, challenged the notion that increasing housing supply is the silver bullet for Australia’s affordability issues, arguing that a market-based supply response alone is insufficient. โMuch of the discussion around Australiaโs worsening housing affordability challenges offers a market-based supply response as the ideal solution,โ Yetsenga said in a recent analysis. โBut responding to these challenges with new supply, in the absence of pushing just as hard on other policies, is unlikely to materially improve affordability, even in the medium term.โ Economic and market dynamics complicate new buildsThe complexities of the housing market, including diseconomies of scale and speculative behaviours, contribute to the difficulty in addressing affordability through new construction alone. You may read the whole article here:https://bit.ly/4aLmUn0
Australian Company Failures Surge – ASIC
There is a concerning rise in the number of failing Australian companies, latest insolvency data from the Australian Securities & Investments Commission (ASIC) has shown. During the nine-month period from July 2023 to March 2024, a total of 7,742 companies entered external administration, marking a 36.2% increase compared to the same period in the previous year. The construction sector, with 2,142 companies, and the accommodation and food services industries, with 1,174 failures, were the hardest hit, accounting for approximately 27.7% and 15.2% of the total, respectively. You may read the whole article here:https://bitly.ws/3ijFS
Tarneit
Tarneit, located in the western suburbs of Melbourne, Victoria, is a suburb that has experienced rapid growth and transformation over the past decade. With its strategic location near public transportation and numerous amenities, it is poised to continue thriving and is anticipated to be one of the fastest-growing areas in the Greater Melbourne region in the coming years. Get to own this House and Land Package in Tarneit for only $695,500! ย Land Size: 282 sqmย House Size: 166 sqmย 4 Bedroomsย 2 Bathroomsย 1 Living Roomย 2 Car for Garageย Land Settlement: September 2024 ๐๐ผ๐ฐ๐ฎ๐น ๐ฅ๐ฒ๐๐ถ๐ฒ๐๐ ๐๐ผ Tarneit:“Great suburb, lovely area, friendly locals” ๐๐ผ๐ฟ ๐บ๐ผ๐ฟ๐ฒ ๐ฑ๐ฒ๐๐ฎ๐ถ๐น๐, ๐ท๐๐๐ ๐ฐ๐ฎ๐น๐น ๐๐: 1300 074 675 or send us a message on Whatsapp +61 488 859 637 For more updates, follow us on social media:Facebook: Simply WealthInstagram: @simplywealthgroupWebsite: simplywealthgroup.com.auTwitter: @SimplyWealthGrp
Clyde North
Our Clyde North property package includes a variety of homes to suit all tastes and budgets, from modern townhouses to spacious family homes. Each property has been carefully selected for its quality and affordability, ensuring that you get the best value for your money.
Rockbank
Our Rockbank property package includes a variety of homes to suit all tastes and budgets, from modern townhouses to spacious family homes. Each property has been carefully selected for its quality and affordability, ensuring that you get the best value for your money.
Wyndham Vale
Our Wyndham Vale properties offer the perfect combination of style and function. From modern and sleek to classic and traditional, our homes are designed to meet the highest standards of quality and comfort. With spacious living areas, high-end finishes, and modern appliances, you’ll have everything you need to live your best life. One of the standout features of our Wyndham Vale properties is their stunning outdoor spaces. Whether you’re looking for a place to relax and unwind or a space to entertain friends and family, you’ll have plenty of room to do it all. And with beautifully landscaped gardens, your home will feel like your own personal oasis. But that’s not all – our Wyndham Vale properties also boast a range of amenities to enhance your lifestyle. From community pools and fitness centers to walking trails and parks, you’ll have everything you need to stay healthy, active, and engaged. So why wait? If you’re ready to experience the best of Wyndham Vale, our property package is the perfect choice. Contact us today to schedule a tour and discover your dream home in this vibrant and growing community. ๐ Get to own this House and Land Package in WYNDHAM VALE for only $677,250! ๐ โ๏ธ Land Size: 400 sqm โ๏ธ House Size: 183.95 sqm โ๏ธ Facing: North-East โ๏ธ 4 Bedrooms โ๏ธ 2 Bathrooms โ๏ธ 2 Car for Garage โ๏ธ Land Settlement: March 2024 ๐ช๐ต๐ ๐๐ต๐ผ๐ผ๐๐ฒ WYNDHAM VALEย โ๏ธ Safe and Family-Orientated Community โ๏ธ Reasonable and Affordable HSousing Prices โ๏ธ Surrounded by a Broad Range of Educational Institutions โ๏ธ Walking Distance to Shopping Centres and Train Stations โ๏ธ Numbers of Major Attractions to Visit โ๏ธ Easy and Full Accessible to All Amenities ๐๐ผ๐ฐ๐ฎ๐น ๐ฅ๐ฒ๐๐ถ๐ฒ๐๐ ๐๐ผ WYNDHAM VALE : “Growing suburb with a bright future” Wyndham Vale has a bright future to be an even greater suburb. Been living in Wyndham vale for a couple months now and cannot find any major faults. There’s amenities and transport to get around although it seems cars are the favoured transport around here. This suburb has a lot of newer estates and houses so I think it gets a bad rap but it’s affordability and ever growing infrastructure may change that.ย – WYNDHAM VALEย ๐๐ผ๐ฟ ๐บ๐ผ๐ฟ๐ฒ ๐ฑ๐ฒ๐๐ฎ๐ถ๐น๐, ๐ท๐๐๐ ๐ฐ๐ฎ๐น๐น ๐๐: ๐๐๐ 1300 074 675 or send us a message on Whatsapp at +61 488 859 637
Wyndham Vale
Welcome to Wyndham Vale, a vibrant and growing community just a short drive from Melbourne’s CBD. If you’re looking for your dream home in this sought-after area, look no further than our exclusive property package. Our Wyndham Vale property package offers a range of beautiful homes designed to suit a variety of lifestyles. Whether you’re a growing family, a young professional, or a retiree looking for your next adventure, we have a home that will meet your needs. One of the key features of our Wyndham Vale properties is their prime location. Situated in one of the fastest-growing areas in Melbourne, you’ll be just a stone’s throw from schools, shopping centers, and other essential amenities. And with easy access to major highways and public transport options, getting around the city is a breeze. But that’s not all – our Wyndham Vale properties also boast a range of amenities to enhance your lifestyle. From spacious living areas to stunning outdoor spaces, you’ll have plenty of room to relax and entertain. And with high-end finishes and modern appliances, these homes are as functional as they are beautiful. So why wait? If you’re ready to experience the best of Wyndham Vale, our property package is the perfect choice. Contact us today to schedule a tour and discover your dream home in this wonderful community. ๐ Get to own this House and Land Package in WYNDHAM VALE for only $624,550! ๐ โ๏ธ Land Size: 336sqm โ๏ธ House Size: 175.82 sqm โ๏ธ Facing: North-East โ๏ธ 4 Bedrooms โ๏ธ 2 Bathrooms โ๏ธ 2 Car for Garage โ๏ธ Land Settlement: March 2024 ๐ช๐ต๐ ๐๐ต๐ผ๐ผ๐๐ฒ WYNDHAM VALEย โ๏ธ Safe and Family-Orientated Community โ๏ธ Reasonable and Affordable HSousing Prices โ๏ธ Surrounded by a Broad Range of Educational Institutions โ๏ธ Walking Distance to Shopping Centres and Train Stations โ๏ธ Numbers of Major Attractions to Visit โ๏ธ Easy and Full Accessible to All Amenities ๐๐ผ๐ฐ๐ฎ๐น ๐ฅ๐ฒ๐๐ถ๐ฒ๐๐ ๐๐ผ WYNDHAM VALE : “A decent suburb ! Nice transport. Decent demand. Decent supply. Great potential for growth” – WYNDHAM VALEย ๐๐ผ๐ฟ ๐บ๐ผ๐ฟ๐ฒ ๐ฑ๐ฒ๐๐ฎ๐ถ๐น๐, ๐ท๐๐๐ ๐ฐ๐ฎ๐น๐น ๐๐: ๐๐๐ 1300 074 675 or send us a message on Whatsapp at +61 488 859 637
Beveridge
Our Beveridge property package includes a range of beautiful homes designed to suit a variety of lifestyles. From modern and sleek to classic and traditional, our homes offer something for everyone. Each home has been carefully crafted to meet the highest standards of quality and comfort so that you can enjoy the best of both worlds. One of the standout features of our Beveridge properties is their prime location. Situated close to schools, shopping, and dining options, you’ll enjoy all the conveniences of city living while still enjoying the peacefulness of suburban life. And with easy access to major highways, commuting to work or other destinations is a breeze. But that’s not all – our Beveridge properties also boast many amenities to enhance your lifestyle. From spacious living areas to stunning outdoor spaces, you’ll have plenty of room to relax and entertain. And with high-end finishes and modern appliances, these homes are as functional as beautiful. So why wait? If you’re ready to experience the best of Beveridge, our property package is the perfect choice. Contact us today to schedule a tour and discover your dream home in Beveridge. ๐ Get to own this House and Land Package in Beveridge for only $614,050! ๐ โ๏ธ Land Size: 315 sqm โ๏ธ House Size: 175.82 sqm โ๏ธ Facing: West โ๏ธ 4 Bedrooms โ๏ธ 2 Bathrooms โ๏ธ 2 Car for Garage โ๏ธ Land Settlement: Titled ๐ช๐ต๐ ๐๐ต๐ผ๐ผ๐๐ฒ Beveridgeย โ๏ธ Safe and Family-Orientated Community โ๏ธ Reasonable and Affordable HSousing Prices โ๏ธ Surrounded by a Broad Range of Educational Institutions โ๏ธ Walking Distance to Shopping Centres and Train Stations โ๏ธ Numbers of Major Attractions to Visit โ๏ธ Easy and Full Accessible to All Amenities ๐๐ผ๐ฐ๐ฎ๐น ๐ฅ๐ฒ๐๐ถ๐ฒ๐๐ ๐๐ผ Beveridge : “Gorgeous Area and peaceful” Beveridge is a beautiful, peaceful pocket, Hidden off the highway. Mandalay Estate is worth checking out and worth living there. Very close knit, Access to gym, restaurant with a beautiful view and not to mention the lush green golf course. Gorgeous Estate, overall 5 stars.ย – Beveridgeย ๐๐ผ๐ฟ ๐บ๐ผ๐ฟ๐ฒ ๐ฑ๐ฒ๐๐ฎ๐ถ๐น๐, ๐ท๐๐๐ ๐ฐ๐ฎ๐น๐น ๐๐: ๐๐๐ 1300 074 675 or send us a message on Whatsapp at +61 488 859 637
