Top 3 Reasons to Invest in a Melbourne Residential Property

Residential Property in MelbourneMelbourne has been consistently voted as the most livable city in the world. And with good reason. It features a great quality of life, and is the hotbed of top notch recreational amenities and avant-garde residential communities.  

Here are some reasons to consider buying a home in Victoria’s vibrant capital.

Melbourne is Relatively Affordable

Unlike its New South Wales counterpart, Sydney, Melbourne is still relatively affordable when it comes to investing in real estate. Following a rise in September, 2015, the median house price in Melbourne fell to $718,000 in December, 2015. Eight of the city’s top 20 suburbs feature an average price under $600,000. This is way lower compared to the skyrocketing reality prices in Sydney.

With the population predicted to increases in large numbers, the demand (and ultimately, price) for properties may only see an upward trend in coming years, which may make this an ideal time to invest in a Melbourne home.

Top Class Livability Factor

Melbourne scores big for its livability appeal. The cosmopolitan and vibrant metropolis came out tops in the survey conducted by the Economist Intelligence Unit for the world’s most livable city in 2015, for the fourth year in a row. Sports, fashion, art, culture, food and more – Melbourne offers it all on a platter.

Add affordable education along with a number of job opportunities, and there is little wonder that every family wants to make a beeline for this Victoria hotspot.

Well Connected Public Transport

Melbourne features a convenient and well-planned public transport network that connects it to the suburbs and outer city areas through the Monash Freeway and other interlinked highways. Traveling to and from work or school and residential areas is less stressful, and offers more time for other recreational activities. In fact, this is one of the reasons that suburbs like Taylors Hill are prime real estate, Modeina reports.

READ  Collecting Rainwater: 3 Ways You Can Make the Most of Stored Rainwater

Consider investing in a suburb located a few minutes away from central Melbourne. The prices are affordable, there’s a lot of outdoor space, and the quality of construction is stellar. Get in touch with a real estate company to discuss options about purchasing land and house packages in Melbourne.