Miles Real Estate Identifies New Investment Opportunities in Ivanhoe and Nearby
Slight recent slowdown in the market makes for a great time for patient investors to act, particularly as rental demand climbs even higher, Miles Real Estate reports
MELBOURNE, Australia – May 27, 2016 /MarketersMedia/ —
Miles Real Estate, one of the area’s top real estate companies for over 85 years, reported on a wealth of attractive investment opportunities in Ivanhoe and other area communities. With Melbourne-area real estate activity slowing just a bit from the record-setting pace typical of recent months and years, value-oriented investors are increasingly finding themselves priced in. As some market participants take to the sidelines to rethink their strategies in light of new negative gearing rules set to take effect next year, more aggressive investors will find themselves with even more attractive opportunities. Ivanhoe stands out as a particularly bright spot on the Greater Melbourne real estate landscape, with many appealing nineteenth and older twentieth century homes boasting especially impressive investment potential.
“Even while some of the recent coverage regarding the Melbourne real estate market has been of a less-enthusiastic sort, we are pleased to report that recent developments are creating many new opportunities for investors,” Miles Real Estate representative Brad Pearce said, “The records set earlier in the year were notable, to be sure, but the pricing they entailed left some investors wondering if it might be better to wait. We’re happy to say that patience of that kind is now paying off, as we are seeing some very attractively priced houses for sale in viewbank, Rosanna, Ivanhoe, and elsewhere throughout the area. As always, we’re happy to talk to any investor, property owner, or anyone else who would like to learn more.”
Still leading the way among Australia’s capital cities, Melbourne’s famously active real estate market has slowed a touch in recent months. For the first time in over a year, the trailing annual residential price-growth index maintained by CoreLogic dipped below 10 percent in March, with area-wide auction clearance rates also dropping a hair from a record-high of 74 percent set earlier this year.
While these signs of a minor slowdown have been seized by some in the media as evidence of more serious turnarounds to come, miles real estate analysts find that the underlying fundamentals remain as reliable and growth-positive as before. As a result, investors who step in now to take advantage of slightly lessened demand will have even more attractive options before them than previously, as long as they do so before the window closes.
Greater Melbourne communities including Ivanhoe, Viewbank, and others detailed at the company’s website are especially rich with appealing investment opportunities at the present time. Among the top options for investors in real estate rosanna has to offer, for example, are many that will allow for immediately positive rental-derived income along with significant potential for appreciation. Those interested in learning more about investment opportunities in the area or any other real estate related matters are invited to contact Miles Real Estate for a free consultation.
About Miles Real Estate:
Combining local knowledge, contemporary insights, and an 85-plus-year wealth of experience to deliver the results clients deserve, Miles Real Estate is one of Greater Melbourne’s most effective, successful, and highly regarded real estate specialists.
For more information about us, please visit http://milesre.com.au
Contact Info:
Name: Brad Pearce
Organization: Miles Real Estate
Address: Miles Real Estate Ivanhoe, Victoria, 3079 Australia
Phone: 03 9499 4089
Release ID: 116933
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