Local Property News
The following is a news release from Greg Agosta, Victorian regional manager of Pacific East Coast, a property investment company. MG Partners’ relationship with Pacific East Coast has been established with the aim of supporting clients who may be interested in property investment that is affordable and of high quality living in desirable locations.
The news release is in regards to a recent open property inspection they held and the demand they experienced for leasing of the properties.
The cold hard facts were evident last night as I observed over 40 young professionals attend the open for inspection at 74 Eastern Rd South Melbourne. There were just 16 residences for lease and not surprisingly, the remaining 53 apartments to be owner occupied. Over the last 3 weeks 450 lease enquiries were received. ie. 60% of those in attendance will miss out.
Equally matched, Albert Place, which is currently under construction and due for completion at the end of ’19 will absorb part of this ongoing rental demand.
If you would like more information about Pacific East Coast do not hesitate to contact us on 03 9523 6500 or email email@example.com