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Ph (03) 9600 1111
Fax (03) 9278 8830
Level 9, 365 Queen St
Melbourne, Vic 3000
Australia
Southbank Central
Inspect at
191 CityRoad Southbank
Melway: 1D M6
Mon - Sat, 10am to 5pm
Sundays 12 to 5pm |
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News & Editorials
Every week Central Equity writes a number
of news editorials which appear in Melbourne newspapers. This weeks article is posted below.
Click here
to access our archive of news editorials
28/04/01
Working in
the City... Living Near Work
A
recently released census by the Melbourne City Council reported an
increase in demand for café lifestyle. The growth was
tied to a rise in jobs in the city.
Victoria continues to enjoy the strongest jobs growth in Australia
with 17,000 new positions created in February 2001 (from Office of
the Minister for Post Compulsory Education Training and Employment
: Strong Jobs Growth in Victoria defies national Trend)
Employment Minister Lynne Kosky said Victoria's unemployment rate
remained at 6.3 per cent while the national rate jumped 0.3 per cent
to 6.9 per cent.
Victoria's unemployment rate of 6.3 per cent is the second best in
Australia, with New South Wales enjoying a better unemployment rate
at 6.2 per cent.City employment grew 10.1% to 202,8840 an annual growth
rate of 3.3 per cent. In comparison, employment in Victoria
had an annual growth rate of 2.4 percent.
The study focused on land use and employment in the CBD, Southbank
and some of the East Melbourne between June and November last year.
The general trend is that Melburnians are moving away from the suburbs
to live in the central city within walking distance of where they
work and party.
Looking at the demographic changes, today’s lifestyle is quite
different from a decade ago. The importance of technology, value
and service is apparent in the way people do things and live their
lives.
At current, 80% of housing stock designed for young families, and
70% of households do not have children. There is large mismatch
of housing stock. The growing demand for apartment living is
an indication of this fact.
Furthermore, 60% of women will be in the workforce by 2010, which
means the service industry will become even more important over time.
Australia has an aging population, as the world do in general.
In Australia, By 2001 - 34% of the population will be over 50 by year
2001 and by 2050 - 43% of the population will be over 50. This
is an important statistic for businesses, government and community.
The type of services and products in the market will have to be modified
to change to suit the needs of the consumers.
Central Equity, Melbourne’s leading property developer, is at
the forefront of providing inner city living – apartments in
prime locations in the inner city areas. Popularity of apartment
living is the result of the demographic change. Central Equity’s
apartments are affordable considering the location and quality of
product.
Whether it is for the investment or to live in, apartment living in
the inner city has taken off. The Melbourne City Council 2000
census showed the number of dwellings in the CBD and Southbank grew
by 3262 or 109%, since the last census in 1997. Despite of the
increased in number of dwellings, Central Equity’s wholly owned
subsidiary reported that the current occupancy rate of Central Equity’s
apartment is over 98%. Central Equity has over 40 completed
developments in the inner city area, averaging 115 apartments each.
This clearly shows that rental demand is strong and that many people
choose to live in Central Equity’s apartment. To find out
more about why people choose to buy from Central Equity’s apartment,
click
here.
Click
here
for the archive of Central Equity editorials
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7/04/01
30/03/01
14/02/01
10/02/01
2/02/01
6/01/01
23/12/00
16/12/00
9/12/00
25/11/00
18/11/00
11/11/00
4/11/00
28/10/00
13/10/00
13/10/00
6/10/00
7/07/00
23/06/00
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 for other articles please visit our archive.
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About
Central Equity