Are properties in long ‘hold period' suburbs a better investment?
A ‘hold period' is a calculation which measures the time period between sales, expressed in years. Suburbs with long ‘hold periods' are long established desirable areas with good infrastructure. This week we continue the series and look at suburbs in Melbourne with some of the longest ‘hold periods'. Melbourne's average hold period is 9.6years. The Melbourne suburbs examined this week are:
- Ivanhoe East – the average hold period in this suburb is 16years which is also the longest ‘hold period' of any suburb in Australia.
- Essendon West – the average ‘hold period' in this suburb is 15.5 years.
Plus coverage of:
- An interview with the CEO of Mortgage Choice, Michael Russel, who continues to share his thoughts on how to tackle the issue of housing under supply and affordability in Australia.
- This weeks Tax Tip explains the tax treatment of transferring real estate to family or friends.