Anecdotal evidence suggests that consumers are cutting back on their spending around Australia. And it’s likely that luxury items and overseas travel will be the most affected.

A recent article in The Age expounded “The Flight to Value” — where Australian Property Monitors reported a 24% drop in the median price for Toorak Homes, in the 6 months to September.
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Right now. you can do that here in Melbourne … PROVIDED you’re able to make a quick decision.

Just click here to find out more details.

Even though things may be slowing in Queensland and over in the West … the Melbourne CBD Office market seems to be travelling quite well.
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There are a couple of questions on the minds of Commercial Property Investors at the moment.

And they go something like this.
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Because … the Vendor is rather keen to wrap this up, over the next week to 10 days.

Last Friday, the Rouse Street auction ended up being passed in on a “Vendor bid” for $975,000.

The current net rental is $65,500 per annum. And, in the current climate, the Vendor is now extremely realistic on price.

Have a quick look at the property, if you haven’t done so already. And then, give me a call on 0425 791 254.

Last week, we had a little hiccup with the “advance notice” email I sent out to you. And again, my apologies for that.

So far, we have had some good interest in this Port Melbourne property — however, a few people did have a little difficulty, while trying to access some of the legal documents.
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Earlier this week, I returned from a delightful holiday in Adelaide.

And in many respects, South Australia has been the poor relation when compared with the other mainland states.

New South Wales and Victoria have always shown solid momentum over the years. And lately, Queensland and Western Australia have enjoyed sudden wealth through their coal and iron ore exports.

This is how THE AGE (on 9 July) described a recent purchase, which I successfully put together for one of my interstate clients.

Negotiating from a $7.2 million reserve, down to a $6.4 million contract price … resulted in a saving of nearly $1 million.
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Finding good Investment Property under $1 million and close to the City … is becoming more and more difficult.

But I think I’ve come up with something worthwhile for you.

For the past few months, I have kept in touch with the Developers for a top site in Richmond, near Victoria Street.

And with construction for this Busness Park now just started, they’re allowing me to give my Clients an early shot a buying these Units.

The key thing for you is to have cash flow from “day one” — and I’ve managed to get that covered for you.

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Last Saturday, The Age ran a good editorial for the Auction this coming Friday of 371 Thompsons Road, North Geelong.

The property has strategic development potential. And the dedicated website sets out 3 Development Options in some detail.

Let’s know if you need any more details.