Fastrealestate

Melbourne Real Estate - Melbourne Victoria has enjoyed a bouyant property market over the last 5 years, stong demand has driven prices up and even with the market slowing down over the last 12 to 18 months Melbourne remains an attractive market for real estate investors. Medium to long term investing in property close to the inner city of Melbourne has given a great percentage return in terms of capital growth. The improved freeway system has opened up the outer areas to the north and east, families have taken to the new housing estates which have become major growth areas, house prices have risen accordingly as have rental returns for property investors. Melbourne also has the bayside suburbs wich offer the expensive waterfront luxury properties, again these areas are popular with investors and renovators. Property investing in the second largest city in Australia should always provide good returns provided buyers take the time to do their homework.

Melbourne  Sep quarter median   % change  Jun 07 – Sep 07   % change
Sep 06 – Sep 07
 
House Price  $431,000  +3.9   +13.1
 
House Rent (3 b/r)  $260 pw  +4.0  +10.6
 
Unit Price  $367,800  +5.1  +14.6 

Unit Rent (2 b/r)  $270 pw  +3.8  +12.5 

Vacancy rate  1.2  -0.2  -0.4 

Melbourne Features -

The MCG home of the AFL Grand Final

Melbourne Tennis Center Home of the Australian Open

Flinders Street Station

The Yarra River

Amazing cafe / dinning culture in and around the CBD

Berwick Real Estate  - Berwick on the eastern side of Melbourne now has good access to the freeway network and the trek towards the Melbourne CBD  is much easier than it was in the past. Property in Berwick is affordable the housing standard is on average very high. There is a good supply of newer homes on the marked and property values have moved in line with the rest of the country over the last few years with no obvious blips on the radar. With the eastern side of Melbourne growing at the current rate demand for property in the area should remain strong.