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Investor focus: Pacific East Coast Property Group Posted on October 9, 2018
2011 is sure to provide the investor with many opportunities! with ongoing supply issues, improving yields and relatively strong economic fundamentals. Buyers will now have greater negotiation power and the opportunity to choose the right property, in a market destined for rebound growth.
We recently attended a property presentation by the experts from Pacific East Coast group. They are a well respected property firm that use their expertise to find and recommended property exclusively to professional advisors with a focus on Melbourne, Sydney and Brisbane.
We understand and respect their philosophy for property investing and as such are pleased that we have been able to secure Pacific East Coast group for a presentation in our Gosford office and to be able to share their expertise and opinions on property to you.
Here is an extract from Pacific East Coast on where they see property;
Australia, again, had a very prosperous year throughout 2010. The real estate markets within our expansive and diverse country provided a year of “markets within markets” or a “tale of many cities”.
Whilst some capital cities throughout 2010 provided outstanding double figure growth, other non-performers managed to hold their ground. None of the major markets showed any real decline in value throughout the year and this provides many opportunities over 2011, not only for the stronger performers, but also for the counter cyclical markets where the buyer has more control.
Unit performance in all the major markets last year was on par with that of houses and, in some cases, it outperformed due to affordability close to the major employment and education zones. The unit market, which a decade ago was predominantly an investor market, has had an unprecedented growth into the owner occupier segment. For the young couple and/or family, over the past five years, the dream of having a family home within 10kms of Sydney or Melbourne has been priced out of their reach.
2011 is sure to provide the investor with many opportunities with ongoing supply issues, improving yields and relatively strong economic fundamentals. Buyers will now have greater negotiation power and the opportunity to choose the right property, in a market destined for rebound growth.
With the ratio of house prices to income now easing to below pre Global Financial Crisis levels, now is the perfect time to invest. The Australian market will continue to be supported by fundamentals including strong population growth and high real incomes.
Would you like to know more about property and speak with the experts?
Robson Partners are holding a seminar in conjunction with Pacific East coast, on Thursday the 19th of May at 7pm. The presentation is a must see for those with an interest in property and will provide an outlook on 2011 market performance with a focus on Sydney, Melbourne and Brisbane.