HarbourOne presents an outstanding investment opportunity for both the owner-occupier and property investor. Only minutes from the city centre and at the water's edge, Melbourne's Docklands is a location attracting an increasing amount of people who understand the underlying growth potential of Melbourne's inner city real estate market.
The population of Melbourne is expanding at a rapid rate and people are choosing to live close to the city centre where services such as public transport, offices, shopping and lifestyle amenities are abundant. With the rising cost of petrol people are continuing to buy and move closer to the inner city and spend less time travelling to and from work.
Various government reports demonstrate a housing imbalance between supply and demand in Australia and in particular Melbourne. The key factors driving this imbalance are population growth and a lack of construction of new dwellings. New houses for sale are predicted to reach a shortfall of 35,000 dwellings by the end of 2009. These pressures are forcing the cost of housing to increase. Vacancy rates are predicted to remain very low whilst weekly rentals will rise substantially in the coming years.
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