Real estate hotspots revealed

Real estate hotspotsan average 34.4 per cent every year since 2000, compared to a national suburban average of 9.9 per cent for houses, and 8.1 per cent for units.

WA metropolitan home-owners appear to be the biggest winners in the country, with Perth accounting for 11 of the suburbs in the top 20 growth areas.

The other areas in the top 20 are Jindalee, Bertram, Hammond Park, Wattle Grove, Aubin Grove, Butler, Carramar, Darch, Sinagra, and Beeliar.

Only units in Oaksdown in Greater Hobart enjoyed slightly higher capital gain at 34.6 per cent, but house prices were highest in Perth’s semi-rural Herne Hill in the Swan Valley.

Local Elders Real Estate agent Ian Henry said prices started to skyrocket in 2005, after years of sluggish growth.

He said the area had wineries, breweries, top restaurants and café culture, while at the same time offering the benefits of a country lifestyle, such as tight-knit community and big blocks of land.

The city was only 20km away, and major shopping centres such a Morley Galleria.

“It seems like Perth only really discovered the Swan Valley a few years ago,” Mr Henry said.

He said growth had been sluggish this year, as in most areas, but was expected to pick up again next year.

The RP Data report said the top growth suburbs around the nation were mostly situated on the outskirts of cities.

“This is largely due to the fact that in most instances pricing has come from a very low base ten years ago,” said the report.

“Undoubtedly new development has helped boost prices in many of these areas.”

The report said that it was unlikely that these areas would enjoy the same level of capital growth over the next decade.

Top Ten Growth areas:

1. Oakdowns, Greater Hobart, unit – $275,000(median price) (34.6 per cent increase in 10 years)

2. Herne Hill, Perth, house – $595,000 (34.4 per cent)

3. Jindalee, Perth, house – $600,000 (33.3 per cent)

4. Bertram, Perth, house – $383,000 (33.3 per cent)

5. Blairmount, Sydney, house – $327,000 (33.3 per cent)

6. Hammond Park, Perth, house – $485,000 (33.1 per cent)

7. Beecroft, Sydney, unit – $520,000 (32.7 per cent)

8. Gunn, Darwin, house – $464,000 (32.7 per cent)

9. Wattle Grove, Perth, house – $450,000 (32.6 per cent)

10 Gardenvale, Melbourne, unit – $328,000 (32.4 per cent)

Source  :  www.thewest.com.au

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Western Australia to invest $5.8 Million in three new Ealry Learning Centers

The Federal Minister for Early Childhood Education and Child Care Kate Ellis  announced $5.8 million for three new Early Learning and Care Centres in Western Australia.

The Australian Government will invest $5.8 million in building new centres at Karratha in the state’s north-west, and Darch and Mirrabooka in Perth’s northern suburbs.

The Karratha centre will be built at Tambrey Primary School with $2.2 million of Australian Government funding. It will provide 120 new long day care places for Pilbara youngsters.

Woodside Energy will provide more than $4 million over three years to the centre.

“This partnership is a fine example of how the Federal Government and local industry are working together to deliver high quality care and education for Australian children and their families,” Ms Ellis said.

“The Pilbara is key to our nation’s economic development and this service will help companies, like Woodside, to attract and retain a skilled workforce.”

About $1.8 million in Australian Government funding will be invested in centres at Darch and Mirrabooka.

Ashdale Primary School will host the Darch centre and will offer at least 50 new long day care places, while the Mirrabooka Early Learning and Care Centre will also offer about 50 new places.

All three centres will be built by 2010 on land contributed by the WA Government.

The construction of the centres on school sites presents opportunities for future integration of education and care services with junior schooling.

“The Australian Government is working hard to provide families with access to quality early childhood education and care,” Ms Ellis said.

“These centres will also provide more job opportunities and boost local economies.”

The Australian Government is continuing to discuss an Early Learning and Care Centre for Port Hedland with the WA Government.

An Autism-specific Early Learning and Care Centre was announced for Perth last month.

The new centres form part of the Australian Government’s $114.5 million plan to build 38 Early Learning and Care Centres by 2010.

This initiative is part of the Australian Government’s Education Revolution, which is improving early childhood care and education for Australia’s children and families.

Source  :  www.thegovmonitor.com

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