Mass Exodus [ INVESTORS JUMP SHIP.. ]

17 Sept

How about Melbourne's weather this week, WOW!

At a time when Australia is experiencing one of the WORST Rental Crisis in modern history, Investors are SELLING in their droves. Despite record migration, huge population growth, and the sharpest rise in rental returns ever seen, an alarming new pole has revealed almost 1 in every 8 investors across the country SOLD a rental property in the past 12 months. With 73% of properties currently selling to owner-occupiers, that's a lot of LOST rental properties..

So why then are the governments, especially Dan Andrews in Victoria making it so challenging for Landlords to remain a landlord? Recent changes in Land Tax increase overly complex and unnecessarily expensive property compliance legislation, combined with 11 Interest Rate hikes since April 2022. This has made the basic maths for many investors, simply NOT viable to maintain and hold rental property, as they have not been able to pass on these increases in holding costs to tenants fast enough, given limits within reason on how much a landlord can increase the rental at one time also being proposed..

So what does this all mean.? Well RIGHT NOW presents one of the most EXCITING windows of opportunity for new investors to enter the market. You can SET your rental amount at a strong current market level that covers the majority of holding costs and provides a fair yield/return. With a massive shortage in rental stock, HUGE tenancy demand, and the lowest vacancy rates I've ever seen in my 20 years in the industry, the time really is NOW!

Dan and his merry cabinet of ministers should be investing their time and our taxpayers hard earned money in creating strategies on how to KEEP investors in the market, NOT frighten them off, instead of OFFERING Billions of dollars of grants and concessions, which artificially inflate the market and BOOST inflation and put us right back in the same precarious economic position we are in today..

So if this may interest you, below is a LIST of homes that could suit your current need for investing in secure long-term bricks and mortar..

HOMES CURRENTLY LEASED:

1/2 View St, Glenroy - 3 bed / 1 bath / 1 car
9 Lockley St, Hadfield - 4 bed / 2 bath / 3 car
3/41 Rhodes Pde, Oak Park - 2 bed / 1 bath / 1 car
3/1 Ray St, Pascoe Vale - 3 bed / 3 bath / 2 car

HOMES SUITABLE TO LEASE:

3/29 Melbourne Ave, Glenroy - 2 bed / 1 bath / 1 car: $549k - $569k
2/3 Churchill St, Glenroy - 3 bed / 2 bath / 2 car: $700k - $750k
1/3 Staple Crt, Hadfield - 3 bed / 2 bath / 1 car: $625k - $675k
1/46 Augustine Tce, Glenroy - 4 bed / 3 bath / 2 car: $720k - $790k

HOMES IDEAL FOR DEVELOPMENT:

17 Housden St, Broadmeadows - 643m2 approx. $585k - $635k
33 Somerlayton Cres, Fawkner - 585m2 approx. $749,000
25 Jensen St, Hadfield - 600m2 approx. $949,000
46 William St, Glenroy - 630m2 approx. $1,050,000 (Plans & Permits for 3)

From myself and the team, we look forward to 'Helping You Find Home.'

This Week We Cover

Mass Exodus [ INVESTORS JUMP SHIP.. ]
What's Coming, what's New, what's Sold
Property of the week
SOLD Property of the Week
Auction results & clearance rates
Your suburbs sold results
Get your instant property price online
Quote/Event of the week

+ Coming + New + Sold

C+M's Coming Soon:

9/14 Murrell St, Glenroy: Coming Soon..
1/375 Gaffney St, Pascoe Vale: Coming Soon..
4/2 Cartwright St, Oak Park: Coming Soon..
1/132 Evell St, Glenroy: Coming Soon..
3/45 James St, Fawkner: Coming Soon..
24B Hodson Street, Preston: Coming Soon..
(To book a VIP viewing, reply with your request..)

C+M's New 2 Market:

1/77 Northumberland Rd, Pascoe Vale: $795k - $855k

Click here for more

C+M's Sold Results:

2 Knole Street, Hadfield: SOLD @ Auction: $820,000

Click here for more

Property of the week:

2/21 Hazel Grove PASCOE VALE

SOLD property of the week

2 Knole St, HADFIELD - SOLD @ Auction

Number of Inspections: 123
Number of 2nd Inspections: 21
Number of Contracts: 17
Number of Bidders: 11
Number of Competitive Bidding: 240
Number of Buyers left Over: 10

Auctions - 16/09/23

*preliminary results based on Sundays data from realestate.com.au

Suburbs SOLD results

Your Property Estimate

Like to know your INSTANT Property Price estimate online. Request yours now by simply CLICKING the IMAGE below or this LINK HERE.

*If you would prefer to BOOK in a more accurate Property Price Check in person with one of our team, you can request this as well.

C+M are Hiring NOW

Exciting news from C+M Residential! We're on the lookout for motivated individuals who want to kickstart their career in the dynamic world of real estate. If you or someone you know is searching for a fantastic opportunity, don't hesitate to get in touch with us.

Drop us a line at hello@cplusm.com.au #JoinCPlusM

To APPLY, simply CLICK HERE or the IMAGE below..