Melbourne is the best city where one can do property investment. Renowned as a sporting, coffee and culture capital city of Australia, thousands of people flock to Melbourne yearly. This makes Melbourne to be a great place to buy a property.
Apart from the above benefits, the following are major reasons why Melbourne is a great place for a person to buy an investment:
- It is affordable
Currently, Melbourne represents the value for money in the market. Even tough the house prices are higher than Sidney, it is affordable. In addition to that, the growth rate is very attractive. The affordability and strong growth is a perfect combination for investors. It is also suitable for first time buyers.
- Appeal and liveability
The most liveable city in the world is Melbourne. The statistics have been done four years by the economist intelligence unit who surveyed 140 cities.
The Melbourne city offers all one needs including: sports fanatic, culture, fashion, arts, cafes and eateries.
- There is first-class transportation network
The city is well connected by public transport. This enables the people to get connected easily through tram, bus and train. Moreover, the car users can take advantage of major roads such as Nepean highway and Monash freeway highway heading towards the city.
- There is high quality buildings
Melbourne is well known for its unique and high quality developments. In addition to that, it has a striking design which fits in well to its artsy appeal. There are all styles of apartments in Melbourne. Therefore, it depends on an individual whether he or she prefer high-rise developments or boutique developments. Melbourne residents also enjoy light-filled interiors as well as communal rooftop terraces. The terraces have: relaxing gardens, BBQ areas, infinity pools and a place for chilling after tedious work from friends.
- Property cycle
When one is making a decision the best time to buy, it is recommended that buyers and investors are supposed to refer to the property cycle. Eventually, the best time for purchasing the property is when the prices are low. On the other hand, investors can sell when the prices are high. By seeing how the economy is moving, it will assist one in knowing when the prices are cheap. Nevertheless, he or she will not be forced into buying when it is peak time. Hence, a person can avoid being trapped into negative equity.
The prices of Melbourne property investment
The last year’s VIC indicated that the price of Melbourne house is $2,625,000 basing on 12 months home sales.
In conclusion , a person is supposed to buy Property Investment Melbourne because of the reasons highlighted.