Melbourne investment properties offer a range of benefits including leverage, rental income and capital appreciation. They also provide a solid alternative to stocks and shares as an investment option. They can also serve as a viable retirement plan and help build a passive portfolio of assets. Real estate investments require careful research and due diligence. Using the services of an independent buyer’s agent can help you find the right property for your investment goals and budget.

Exploring Melbourne Investment Properties: Key Areas to Watch in 2024

When choosing a suburb to invest in, focus on up-and-coming areas where there is strong potential for growth. Also, research the suburb’s history of property prices, vacancy rates and proposed planning changes that may impact future property prices. Look for high-quality properties in good locations that offer attractive features such as a second bathroom, garage and access to schools, shops and transport.

The best Melbourne property investment properties are those that deliver a strong rental return. However, it is important to balance this with the property’s potential for long-term capital growth. In many cases, houses have a higher capital-growth rate than apartments. This is because they are based on land and experience more consistent capital growth.

Property investment requires a broad yet specialised skill set and impeccable industry knowledge. It is important to seek professional advice before investing in any Melbourne property. Investing in the wrong property can be expensive and derail your investment strategy. A Melbourne buyer’s advocate can save you time, money and avoid costly mistakes. Contact Property Analytics today to learn more about our Melbourne buyer’s advocacy service.