GET THE LATEST TOP 5 MELBOURNE & TOP 5 VICTORIA REGIONAL REPORTS TOGETHER AND SAVE $88.
Included in this Special Offer are:-
Top 5 Melbourne Hotspots:
The current situation with the Melbourne market reminds us that real estate investment requires a long-term view. For much of the past five years it’s been easy to buy and enjoy short-term capital growth but those opportunities no longer abound.
However, across the Melbourne metropolitan area we have analysed price trends in 435 house and unit markets and found that 44% have median prices higher than a year ago.
The locations highlighted in this report are ones that offer good long-term prospects because of their inherent local qualities. They’re places that have shown resilience amid the recent market correction and have good credentials for future growth.
Top 5 Vic Regional Hotspots:
Regional Victoria is the stand-out market in Australian real estate.
For the past two years many of the strongest growth markets in Australia have been found in Regional Victoria.
The regional centres of Victoria continue to provide a series of buoyant markets where demand is strong, vacancies are low and prices are growing.
While Melbourne markets, generally speaking, have been trending down, regional markets outside the state capital have been heading in the opposite direction.
The uplift in Regional Victoria was led initially by regional cities and towns closest to Melbourne. Suburbs in the City of Greater Geelong experienced strong price growth for 2-3 years (some had annual growth above 20%), while there was big uplift in towns like Pakenham and Officer on the south-eastern fringe of Melbourne.
Then the growth spread to key centres a little further out, including Ballarat in the north-west and Warragul and Drouin in the south-east. The hill change towns immediately north of Melbourne also thrived.
This edition of the Top 5 Victoria Regional Hotspots gives you the pick of the crop - plus the data to explain why these locations are thriving and the growth drivers that will continue to push them into the future.