Property for Sale Melbourne Australia

It’s been a struggle searching for anything particularly positive to say about the property investment climate in Australia for some time – the market appeared to have peaked, first time buyers were seemingly content to stay living at home with mum and dad and the Reserve Bank of Australia were responsible for a very gloomy outlook with everyone convinced that interest rates were about to rise and homeownership was about to become even more expensive.

But you know, we’ve said it before and we’ll say it again - professional property investors can apparently make money from real estate in almost any market and Australia is certainly no exception.  Despite the general depressed nature of the property sector climate ‘down under’, a number of seasoned investors are apparently turning their attentions towards property for sale in Melbourne Australia with the potential seemingly existing for strong rental yields and at least medium term capital growth…we take a closer look.

John Symond, the founder and managing director of the Aussie group which is a leading non-bank mortgage lender in Australia is totally committed to Melbourne’s property market; he recently commented that he believes the property market in Melbourne is enjoying its healthiest climate for five years in fact.  John Symond is clearly not alone; recent findings from the Australian Bureau of Statistics shows that property prices are up, investor and purchaser interest is up and inward migration into Melbourne is also up which naturally increases both the rental and resale client base that a property investor and vendor has to target - all factors suggesting to international property investors that property for sale in Melbourne is worth a closer look…

The great appeal of Melbourne lies partly in its embrace of multiculturalism which has resulted in its population surging and also in the number and size of companies relocating or expanding operations in the immediate vicinity or across the greater state of Victoria.  As job vacancies increase in greater Melbourne so the number of professional and multi-national immigrants relocating and expatriating to live in and around Melbourne is increasing fuelling greater demand for housing and increasing general affordability levels – great news for property investors.

A KPMG survey named Melbourne one of the best and most affordable cities in the world in which to do business and two years running the Economist Intelligence Unit named Melbourne the world’s most liveable city – so the positive factors in Melbourne’s favour keep stacking up.  Annually the city welcomes an influx of students from across Australasia and further afield, the local universities alone have 50,000 foreign student entrants – therefore there is absolutely no sign whatsoever that the demand for accommodation both to rent and buy in Melbourne is going to abate any time soon.

It’s these factors that are continuing to support an active and healthy property market in Melbourne according to the Chief Executive Officer of Victoria’s Real Estate Institute who stated in a recent interview that “the value of property [in Melbourne] is appreciating steadily, which is positive…”

So, if you’re considering property in Australia as your next investment purchase but are unsure whether the real estate market has legs to run, look at markets such as Melbourne where prices have corrected, are now rising and where continued and continuous demand exists for property for sale and rent.  But remember – the value of property can go down as well as up and any information we impart at Amberlamb does not constitute investment advice.

Special Reports: Property News for Australia

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