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Top 5 Melbourne Hotspots 2020:
Melbourne has negotiated the difficult post-boom correction phase and is now clearly in recovery mode.
The turn-around in overall fortunes in the Melbourne metropolitan area since the middle of 2019 has been characterised by dramatic improvement in auction clearance rates and recent evidence of a revival in price growth.
Most Melbourne suburbs still have median house prices below the levels of 12 months ago, but in the most recent quarter their medians have risen.
Overall, it’s a good time to be considering real estate investment in Melbourne and we expect 2020 to be a vibrant year for markets in the Victorian capital.
Top 5 Vic Regional Hotspots 2020:
Multiple Data Sources Confirm Regional Victoria As National Leader
We’ve been telling our customers for the past two years that the outstanding property market in Australia is Regional Victoria.
And multiple data sources continue to support the view that anyone seeking affordable property, good rental yields and in particular great capital growth would be wise to consider Regional Victoria.
There is no other market jurisdiction in Australia that has delivered so many locations with double-digit growth in their median prices. Equally, Regional Victoria is a national leader on locations with strong long-term capital growth rates.
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.