26 Seddon St, Ivanhoe VIC 307926 Seddon St, Ivanhoe VIC 3079
Melbourne is a vibrant place, a city that is growing and expanding. It is a city ripe for investors, if you know where to look. You might hear on the news, or read about ‘growth corridors’ or new builds, but do you understand what that means? Are these really the best places to invest your money?
Property Analytics are industry leaders when it comes to real estate investment in Melbourne. We’ve been helping people build wealth through property for over 15 years. We use data and analysis to make rational decisions. We’re not caught up in the latest fashion of growth corridors and new land releases. Sometimes they don’t make the best investments.
As buyers advocates, we work to find you the best deal, the smartest investment, the right suburb, and ultimately, a property that’s perfect for you.
In this article, we’re going to give you some tips on how to make the best decision for your potential investment. We'll show you how we help determine the best suburb to invest in to have a positive future for you and your family.
There are many things you need to think about when choosing a suburb to invest in. With the significant time and money that goes into investing, you need all the market research and advice that you can get, to ensure a good decision and a positive return on investment.
Here are some key factors you should investigate when considering property investment.
What areas are having improvements to train lines or major roads? Convenient access to public transport is desirable in Melbourne, which is a big city to get around in.
There are $4B plans for a Melbourne Airport Rail link with a Sunshine Station Superhub. Sunshine itself is a culturally diverse suburb, 12 kms west of Melbourne. With this construction, and the recently opened Metro Tunnel, the prices for property could rise. This could be good for investors getting in now.
As well as the Melbourne Airport Rail connection, the Suburban Rail Loop (SRL), a massive 90km orbital railway network, connecting all of Melbourne's major metro lines, is under construction. There will be six new major underground stations in the suburbs of Box Hill, Burwood, Glen Waverley, Monash, Clayton and Cheltenham. According to reports it will also slash travel time between Gippsland and the city, predicting a massive growth in regional Victoria.
Box Hill’s potential is massive right now. It is a high-growth activity centre, with apartment construction, commercial investment, great schools and a renowned Eastern Health Hospital. Demand is high and so rental returns are also going to be high.
Looking at major train development work is just one piece of the puzzle. Is there going to be other upgrades to support this rail work? Housing developments, shopping centres and schools? Will employment increase because of all this work? Will there be high demand for homes leading to high rental demands? There are many more things to consider. Let’s have a look.
Middle-ring suburbs, which ideally follow the route of the SRL, are the new growth corridor. There will be a focus on mid to high density living, with apartment living and townhouses. These are potential high-yields for rental income.
Our team can find suburbs with medium house prices around the $800k mark which are set to boom, which are perfect for investors, as the only way is up! We look at what is happening out there, and back it up with data. Has there been suburban growth in the past ten years? Is there other development going on? Is the local shopping precinct getting a facelift? We understand the feel of the real estate world and give you solid direction on where to invest.
Land increases in value. Detached homes in quiet streets are good value for money, while townhouses and low-density apartments in more built up areas are similarly good for investing.
When looking at what type of property to invest in, you want both value for money and potential for growth. You don’t want a run-down property that takes more money to bring back to life than what you’ll make, but you do want something with character and charm and will be popular with renters.
This word hits people differently. Those who are already living in a suburb that is seeing a facelift, may love how their suburb looks, but might not like the rising costs. For investors, this term is a good one, as it implies urban growth and a rise in demand.
We can identify which suburbs are growing in cultural popularity, the suburbs growing from blue collar roots into dog-friendly, cafe-friendly neighbourhoods where average income of residents is on the rise.
Getting into these neighbourhoods early can give you low entry points for investment, with potential rental income increasing rapidly over time.
Current Melbourne suburbs going through this transition include Coburg, Preston and Reservoir, with the Pentridge development really bringing this area a sign of class.
Blackburn and Ringwood out in the eastern suburbs are also experiencing signs of gentrification, Ringwood in particular, driven by the excellence of Eastland Shopping centre.
One of the biggest key factors for choosing where to invest is the demand. Statistics will show you vacancy rates and rental demands for Melbourne, but that statistic is made up of Melbourne as a whole. In Melbourne the vacancy rate is around 1.6% to 1.8%. This is an average. Some suburbs have higher demand than others. Our data analyst, Damian, can find out more specific information for different suburbs, and show you where the biggest demand for rental investment is.
Data is crucial for making these decisions. For example, crime rate data for parts of Dandenong imply that rental demand down in the South East is not as high as it is in the suburbs of Coburg and Reservoir, with the Preston markets and the Pentridge Precinct.
When helping you find the best suburb in Melbourne to invest, we help with all of the above items, and more.
Once you’ve found the right property in the right location, buying a home is a momentous achievement and milestone. As leading buyers advocates in Melbourne, we’ll work on your behalf to analyse the opportunities available, then work tirelessly to secure the best possible deal.
From property investment to property development, planning permits, and leading property market research, we’ve got all the bases covered to provide you with a truly well-rounded advocacy service.
You can read many case studies showing you how our knowledge, business contacts and drive to find success for our clients, has produced many happy people. If you’re interested in real estate investment in Melbourne, Property Analytics is just the team to call.
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