- Why Buy in Melbourne?
Melbourne’s strong real estate cycle continues, with the city leading the nation on annual price growth. Prudent investors recognise the need to buy selectively to achieve the best capital gains. Sydney investors seeking well-located property within 10-15 km from CBD are confronted with million-dollar plus price points with declining yields, making Melbourne an attractive market investment opportunity.
- Sydney vs Melbourne
The essential difference between apartments in Sydney and those in Melbourne is the price. In Sydney, the price difference has tended to contract, forcing investors out of the house market and into the unit market. In Melbourne, house prices have been relatively low and the gap between apartment market pricing and house prices is quite high due to demand factors. The key factor supporting the case for a Sydney investor buying into Melbourne is the percentage price disparity between Sydney and Melbourne for a similar property.
- Melbourne Market Predictions
Much like Sydney, Melbourne will see an increase in population effect the property market. We are noticing a number of suburbs with fairly modest, renovated cottages eclipsing the $1 million mark. People will invest outside of the city they live, such as Sydney into Melbourne, because they see the city as being similar.
By the end of the book, you will know.
- Benefits of purchasing property in Melbourne
- Differences in Sydney and Melbourne property investments
- Melbourne property market predictions
- How to determine your property investment return
- How to reduce the risk of your property investment