JenD said:
Sounds like its a vendor finance deal through Devine Homes, in the same way you hear them and other national builders selling and offering finance on their land & home packages.
docklands rents
- Thread starter lll
- Start date
Sounds like its a vendor finance deal through Devine Homes, in the same way you hear them and other national builders selling and offering finance on their land & home packages.
Jamie said:
Interesting Jamie,
Wow! It seems my opinions are important to you if you have been eagerly awaiting my response for over 3 weeks now????
Maybe if you have a close look at how some members go out of their way to bait me and how they deliberately react to some of my comments to cause trouble, you will realise why i don't have any intrest at all in responding to them sometimes......
Cheers
Lozza
tropic said:
It sounds like a plastics or chemical company, but it's this mob: http://www.tetragroup.com.au/
Peter
Having seen many cities bigger than our great city. I must conclude that you are sitting on a great big fat gold mine.
Think 10 years down the track when you cant buy NEW properties in so close to the city any more. When there is no more land for developments like this any more. This is housing of the rich in the future.
At the moment they are reasonably affordable. In the future they certainly wont be. If I was able to now, Id be buying there too.
Look into the future......
Good luck my friend!
Think 10 years down the track when you cant buy NEW properties in so close to the city any more. When there is no more land for developments like this any more. This is housing of the rich in the future.
At the moment they are reasonably affordable. In the future they certainly wont be. If I was able to now, Id be buying there too.
Look into the future......
Good luck my friend!
icecreamstick said:
Does anyone have stories / stats about Sydney CBD properties as a proxy for the Docklands? Why wouldn't you be able to buy new properties in the city? They'll keep building new ones as long as the demand is there. e.g. in Manhattan, they're turning some of the old bank buildings in the heart of Wall Street into condos (strata apartments). Very popular amongst the banking set, I've heard.
My main issue with the Docklands (and any other big building) is what happens when they age. With the number of renters there, the place is going to get more wear and tear. Replacement of lifts, major refurbs, etc will all cost money, probably in the form of special levies. When the existing buildings in the Docklands age, with special levies hanging over them, they get more run-down, and newer (more expensive, of course) buildings sprout up..... If newer and better buildings keep getting built in MANHATTAN, I don't think any city will ever 'run out of land' for building in the CBD. While you might be right in thinking there aren't many blocks of land for something as big as the Docklands, individual sites WILL be built, probably into 'boutique' blocks that are more private and have better fittings and services.
Alex
Interesting Article in the Australian on August 5th 2006
Melbourne city apartment market shows signs of life
Majella Corrigan
August 05, 2006
IT doesn't seem all that long ago that a savvy investor wouldn't touch a Melbourne city - or Docklands - apartment and a tenant couldn't be tempted to live in one without a long rent-free period.
It's taken about four years, but Melbourne's city market is now turning around.
With a vacancy rate of just 2.5 per cent in the inner city and 1.7 per cent in inner Melbourne, agency PRDnationwide says in a report on the city's residential market that vacancy rates are at their lowest for more than five years. Vacancies in 2002 were 7.6 per cent for the inner city and 4.9 per cent for inner Melbourne (defined as within 4km of the CBD).
PRDnationwide's managing director Tim Storey also expects that population growth will exceed the rise in dwelling numbers from 2007 to 2010.
This, along with falling vacancy rates, suggests that demand and supply in this market are likely to become even more closely aligned.
"With demand catching up with supply and the comparatively small number of projects in planning, an undersupply in the City of Melbourne residential market can be expected by 2008/2009," Storey says. Population growth is helping along with the falling vacanies in rental apartments.
It's the start of a new cycle, with astute investors picking up affordable properties left over from the last one.
Rents are increasing.
In the inner city market they grew by 29.7 per cent between 1999 and 2005.
The fringe didn't fair so well at 15 per cent growth.
Most of the inner-city rental growth came from the Docklands and Southbank, where rents increased by 27 per cent over that period. The average rental for an inner-city apartment is now $390 a week and in the City of Melbourne it's $361.
As rents continue to improve, investors will continue to trickle back.
This week's interest rate rise may delay a recovery in the investor market, but it won't stop it.
Valuers Landmark White said last week that the rate rise would hit investors, as rental increases didn't yet match increased interest costs.
But it added that Melbourne residential vacancies were at an all-time low and there was scope for greater improvement in rents.
PRD's report says the supply of inner-city apartments has eased, with growth in the number of private dwellings in the City of Melbourne expected to drop by 12 per cent in the run up to 2007.
Population growth is expected to be 4.5 per cent, and to continue to outpace dwelling numbers from 2007 to 2010.
Only a modest number of mooted projects are under way and over 90 per cent of apartments in planning or construction aren't due for completion until 2008.
The number of remaining unsold apartments is also finally falling.
Melbourne may even have too few apartments by 2009.
It just shows what the diehards in the property industry have always said is true: never turn your back on a crook market; you never know when it will bounce back
Melbourne city apartment market shows signs of life
Majella Corrigan
August 05, 2006
IT doesn't seem all that long ago that a savvy investor wouldn't touch a Melbourne city - or Docklands - apartment and a tenant couldn't be tempted to live in one without a long rent-free period.
It's taken about four years, but Melbourne's city market is now turning around.
With a vacancy rate of just 2.5 per cent in the inner city and 1.7 per cent in inner Melbourne, agency PRDnationwide says in a report on the city's residential market that vacancy rates are at their lowest for more than five years. Vacancies in 2002 were 7.6 per cent for the inner city and 4.9 per cent for inner Melbourne (defined as within 4km of the CBD).
PRDnationwide's managing director Tim Storey also expects that population growth will exceed the rise in dwelling numbers from 2007 to 2010.
This, along with falling vacancy rates, suggests that demand and supply in this market are likely to become even more closely aligned.
"With demand catching up with supply and the comparatively small number of projects in planning, an undersupply in the City of Melbourne residential market can be expected by 2008/2009," Storey says. Population growth is helping along with the falling vacanies in rental apartments.
It's the start of a new cycle, with astute investors picking up affordable properties left over from the last one.
Rents are increasing.
In the inner city market they grew by 29.7 per cent between 1999 and 2005.
The fringe didn't fair so well at 15 per cent growth.
Most of the inner-city rental growth came from the Docklands and Southbank, where rents increased by 27 per cent over that period. The average rental for an inner-city apartment is now $390 a week and in the City of Melbourne it's $361.
As rents continue to improve, investors will continue to trickle back.
This week's interest rate rise may delay a recovery in the investor market, but it won't stop it.
Valuers Landmark White said last week that the rate rise would hit investors, as rental increases didn't yet match increased interest costs.
But it added that Melbourne residential vacancies were at an all-time low and there was scope for greater improvement in rents.
PRD's report says the supply of inner-city apartments has eased, with growth in the number of private dwellings in the City of Melbourne expected to drop by 12 per cent in the run up to 2007.
Population growth is expected to be 4.5 per cent, and to continue to outpace dwelling numbers from 2007 to 2010.
Only a modest number of mooted projects are under way and over 90 per cent of apartments in planning or construction aren't due for completion until 2008.
The number of remaining unsold apartments is also finally falling.
Melbourne may even have too few apartments by 2009.
It just shows what the diehards in the property industry have always said is true: never turn your back on a crook market; you never know when it will bounce back
High-rise sex a new Docklands development
The Age, Aug 6
http://www.theage.com.au/news/natio...nds-development/2006/08/05/1154198378620.html
I guess these tenants can afford the rent.
The Age, Aug 6
http://www.theage.com.au/news/natio...nds-development/2006/08/05/1154198378620.html
I guess these tenants can afford the rent.
Bill.L said:
OH Really Bill??? What an amazing corrolation you are now drawing!
So now i am being accused of a hidden adjenda as I am hyping up Docklands Apartments all because i posted an article from The Australian Newspaper on the thread? You have a really good sense of imagination mate....
Lozza
Bill.L said:
Mr Bill
I am interested in knowing what's the difference if i admit it or not? Is it going to change anything? Why is it such a big deal to you to have to find out? What's it going to proove to you if i do or not work for tetra group? I fail to see why you think it is such a big issue????
Lozza
lozza said:
Because you keep posting positive news about the Docklands, especially about one building (while ignoring negative comparisons between it and other buildings). If you happen to work for a marketing company that SELLS units in that building you keep praising, and you stand to personally gain from sales in that building from clients you find, then I think forum members should know about it.
It's called disclosing your interest. It's a warning to forum members that your opinions and advice may be influenced by your financial interest.
All the mortgage brokers, buyers agents, etc disclose their interest (by saying what they are). So if one of the mortgage brokers keep telling people to refinance to different loans, forum members are forewarned that the mortgage broker will make money from that so that colours their advice. If a buyers agent hypes the area that they work in and shoots down all other areas, we are forewarned about his bias. You haven't made that disclosure.
Alex
alexlee said:
Dude , posting an article about Docklands in "GENERAL" like the one above - is not praising one building in particular...Its just stating the facts from a Reputible Australian Newspaper .... So what on earth are you crapping on about? If you read the article, there is not one comment about Watergate in there mate! So how am i praising Watergate by posting that article?
Alexie, i have already stated that i work for a company that specialises in helping people to invest earlier on in this thread, and in other threads too, so theres nothing to hide, so once again, i fail to see what the problem is?
Am i forcing you, or anyone else for that matter into investing in Docklands?
The answer is no!
Lozza
