LOOK FOR MELBOURNE’S BEST PROPERTIES IN THE INNER AND MIDDLE RING SUBURBS.
Studies – and time – have shown that properties close to the city’s CBD (but not in it) and in bayside suburbs close to water will increase in value more quickly than other properties and suburbs.
The demand for property is higher in these regions, as there is no land available for release, but the areas remain close to employment or desired locations.
Not only are properties closer to the CBD closer have better access to amenities and more employment opportunities, but transport costs are often lower and, as a result, people are willing to pay a premium to live there.
The end result for property investors is that the inner and middle ring suburbs will (generally) out-perform the averages for suburbs located further from the city.