The inner city of Melbourne remains a popular choice for both home buyers and property investors. This is after the suburb of Albert Park once again takes the top spot for the most searched area based on the latest Top Sellers' Markets survey of realestate.com.au covering the quarter September to November.
Following Albert Park in the top five are Ringwood North, East Melbourne, Montmorency and Carlton North. Completing the top 10 list are Montrose, Belgrave, Park Orchards, Armadale and Warrandyte.
Albert Park is a high demand and tightly held area such that when a listing comes up, property seekers never fail to pounce on it after months of searching, Mr. Greg Hocking, Director at Greg Hocking Real Estate Albert Park, said. The vibrant lifestyle and close proximity to many local attractions are what often attracts people to live in the suburb. Popular attractions in the area include the world class Melbourne Sports and Aquatic Centre and the St Vincent Place, considered a heritage precinct and a famous venue for weddings.
Green spaces add to the suburb's appeal. Acres of parklands exist in the area, the famous Albert Park Lake and the beach can be reached by foot.
Mr. Hocking added that it's easy to reach Albert Park as it is surrounded by main roads and three tram routes service the suburb. But although it is close to the busy city centre, the area provides a village style environment with quiet backstreets.
Mr. Ben Auchettl of realestate.com.au, on the other hand, said being included in the Top Sellers' Markets is good news for sellers as it only means the suburbs have increased buyer interest. The Victorian Sales Manager added it only means that buyers are bent on finding a property in the area and are often checking the realestate.com.au site for the latest listing.
Melbourne suburbs in the city fringe that have strengthened since the previous June to August quarter include Albert Park, East Melbourne and North Carlton. The rising prices of homes in the outer eastern suburbs have made properties in the inner city more affordable, thus attracting more buyers in the process.
Last year, housing demand was high in the outer eastern suburbs such as Ringwood, Montmorency, Montrose, Belgrave, Park Orchards and Upwey. Those that have not made it to the Top Sellers Markets list since last year are Wantirna, Seddon, Chadstone and Ormond.
About the Author:
Wendy Chamberlain is the founder of Social Property Selling, a trainer, speaker, International best-selling author and online engagement strategist who combines her online savvy with her passion for real estate to show sellers and real estate agents alike how to achieve a better price when selling a home. To receive your FREE Special Report and how-to articles to expand your real estate toolkit, visit http://www.SocialPropertySelling.com
Paya Lebar Central: One of the Vibrant Commercial Hubs in Singapore
Paya Lebar Central has been emerging as one of the vibrant commercial hubs in Singapore. The land bank offers more than 12 ha of land for commercial and residential property development. Both national and international property investors can come to invest here....
How To Make The Most Out Of Your Holiday Property!
A new trend has recently emerged and that is the property management of a holiday home. What is it exactly? Consider that you have a second property or a holiday home, which you seldom use. In such a scenario, you can easily choose to give out the property on rent as a holiday home. This will bring you profits at the end of the day and will serve as your extra source of income....
Some Tips Through Which You Can Increase Your Income From Your Property!
In a world where money has become a primary thing, people are running around to find extra sources of income in order to live their life comfortably. Property management has emerged as the newest form of investment through which people can easily maximize their income without any extra effort on their part....
What Is The Difference Between Real Estate Agents And Brokers?
Real estate is one field that has been a favorite investment for people. The people like to invest in the field of real estate which has a lot of returns and the money invested becomes a lot over the years....
Identifying Investment Opportunities
If you are new to investing in real estate one of the key skills that you need to develop quickly is spotting an opportunity before it passes you by. Through being able to recognise an opportunity when you see one, you will be able to make wiser investments that are able to benefit you over the long term and should see you gain returns in a very short period of time....
12 Lessons to Learn
It's not about YOU! As a professional home stager, education is a part of my job description. I explain to sellers what and why they need to do or not do to sell their house quickly for top dollar....
The Hard and Easy Way To Calculate Accrued Interest
When doing a real estate closing or figuring an interest payment due a lender, the amount of days since the original purchase to the date payable can be calculated only if you know the number of days in between. Because there are different numbers of days in different months and an occasional leap year, it can be easy to miscalculate the numbers of days. It's important that a borrower know how to calculate a payoff so the lender, especially hard money lenders, do not over charge you....