A growing number of people are Investment property in Melbourne in a bid to build wealth. However, the key to a successful investment is to buy smarter rather than harder. It’s important to seek advice from a buyer’s agent and to invest in the suburbs that will deliver the best returns in the long run.
According to Property Analytics, three suburbs stand out as the top investment locations in Melbourne. With their mix of rental yield, inventory levels, vacancy rates, and manageable buying affordability, these suburbs have everything you need to secure a strong return on your investment.
Top Tips for Investment Property Success in Melbourne
Merrifield Estate offers a good location for blue-collar workers, with easy access to industrial parks. It also has a choice of public and private schools, a hospital within 20 minutes’ drive, and is close to the Hume Highway.
While higher-end properties initially dominated the Melbourne market recovery, buyer interest appears to be shifting towards the middle of the market as a result of renewed affordability challenges. This is helping to lift growth across the market, with properties in the broad middle performing the best in the capital city.
In the property investment landscape, houses typically offer a better long-term value than apartments. This is because they include a dedicated land area and, despite having a lower initial price tag than apartments, the value of the land usually appreciates. This helps to support sustainable property yields over the long term and is a key reason why our team at Property Analytics often favours Melbourne houses as an investment option.