Singles Dominate Melbourne Bayside

Singles dominate Melbourne Bayside

Inner Bayside Melbourne is the hotspot according to Real Estate Institute of Victoria (REIV) analysis of the 2011 Census data from the Australian Bureau of Statistics (ABS).

Bayside suburbs of St Kilda, St Kilda West, Carlton, Elwood and South Yarra have the highest proportion ofsingle person households in Melbourne along with Carlton says REIV Policy and Public Affairs Manager Robert Larocca. In St Kilda, St Kilda West, Carlton, Elwood and South Yarra at least one in three homes has only one resident.

These trends have an important impact on development and demand for housing, he continues. New developments clearly respond to this demographic trend by building residences more suited to single people, Larocca says.

Interestingly, the data also shows that the further the suburb is from the CBD, the less likely it is that only one person will be residing in the home, with one exception – the Belgrave/Lilydale train line, where most suburbs have a higher than average proportion of lone–resident households.

“At the other end of the spectrum are the growth suburbs: Point Cook, Greenvale, Roxburgh Park, Doreen, Narre Warren South and Narre Warren North, for instance. In those suburbs less than 10 per cent of homes only have one resident. The growth suburbs are obviously highly populated by growing families,” Mr Larocca concluded.

Suburb

% of lone-person dwellings*

St Kilda

36%

St Kilda West

35%

Carlton

35%

Elwood

32%

South Yarra

32%

Prahran

32%

St Kilda East

32%

Windsor

32%

Chelsea

32%

East Melbourne

31%

*ABS/REIV: suburbs with more than 15% vacant dwellings on Census night generally excluded.

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Renovating & Building: Saving Water Around Your Home

More Victorian households are saving water around their homes. According to a report released today by the Australian Bureau of Statistics (ABS) the number of Victorian households with rainwater tanks increased to 707,000 in 2011 from 600,000 in 2009. In fact, one in three Victorian households has a rainwater tank and around half of all households are using either greywater, recycled water or both.

Every drop counts. A water friendly home will not only bring down your environmental impact, but reduce your running costs, and increase the sale-ability of your property should you be selling now or in the future.

So here are a couple of ideas to help you save and conserve water around your property.

  1. Check for leeks which can be easily fixed such as changing a washer. DIY or call in your plumber to help you with this. It is a great start to save both water and money.
  2. Change your shower heads. Old shower heads can use twenty four litres per minute compared to modern triple A systems which use half of that, around nine to eleven litres per minute. You can swap your old showerhead for a water-efficient one for free with your water retailer.
  3. Turning off the tap when you brush your teeth and only filling the sink up with a small amount of warm water when rinsing your razor, you can save over 100 liters of water per day.
  4. A drip irrigation system is a good way to keep your gardens alive and can save you more water than the old sprinklers systems. Always check your local water restriction guide when implementing.
  5. Rain water tanks can be fitted into all sorts of inconspicuous spaces around the home and when it rains, basically pay for themselves providing a very substantial amount of water for your home and garden.

For more information about water saving products or government water saving rebates check out www.savewater.com.au which has a lot of helpful information and links that will save you.

 

9 mistakes to avoid on your road as a successful property investor

Property investing may be simple, but it’s not easy. And that’s not a play on words.

When you look at the statistics and see that most investors never get past their second property, you realise that most who get into real estate won’t achieve the financial freedom they were looking for.
While it’s possible to make good money in property, it will be more of an uphill battle in the current slow real estate markets. However, avoiding some classic mistakes will help keep you on the right track.

Read more about this article here.

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