How to give your Brunswick property summer sale curb appeal
Ready to sell your Brunswick home? Think again. This summer, ensure your curb appeal is up to scratch before hitting the market.
Investing in real estate in Brunswick involves weighing up a wide range of factors, including just how much of a profit you can expect to make on your property in the long run. If this is something you have been mulling over for a while, then the latest CoreLogic RP Data Hedonic Home Value Index could well provide some interesting reading.
It reports on how well capital city dwelling prices have performed over recent months, and the good news for Melbourne investors is that prices have increased nine per cent year on year. As a result, total gross returns in the Victorian capital now register at 12.7 per cent, making it the second-highest out of all the state capitals.
CoreLogic RP Data revealed that the median dwelling price in Melbourne currently stands at $569,500. The city still remains a more affordable prospect than Sydney, where you can expect to pay in the region of $752,000 for a new property.
If you're eyeing property in Brunswick with a view to renting it out, then data from SQM Research could also be worth factoring into your decision. Between April 2014 and the same month of this year, the city's vacancy rate has declined from 2.5 per cent to 2.2 per cent, showing increasing demand for rental properties.
Other cities witnessed a rise in their vacancy rates over the same period, including Sydney, where the number of available properties rose from 1.6 per cent to 1.8 per cent. The biggest increase was seen in Darwin, where 3.5 per cent of properties are currently without tenants.
No matter what your investment ambitions might be, speaking to the team at Ray White Brunswick is a good place to start. We can talk through what you want to achieve from your real estate, before setting to work on finding somewhere that suits your needs.
Ready to sell your Brunswick home? Think again. This summer, ensure your curb appeal is up to scratch before hitting the market.
If you’re looking for something a little different this Christmas, try out some of our ideas for making the most of the day without leaving Melbourne city.