Best Suburbs In Melbourne To Rent – If you want to invest in real estate There are a number of things you need to consider: price, rental profits. And the chances that your property’s value will continue to increase. over time
Melbourne real estate is in high demand. But how much return on investment do you expect from your purchase? And what are the best suburbs to invest in Melbourne in 2020?
Best Suburbs In Melbourne To Rent
From the latest information We’ve compiled a list of the top 10 suburbs to invest in Melbourne this year. by considering the average annual selling price Changes in the average selling price each year and the average rental yield of suburban properties.
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Tyab is Melbourne’s best suburb to invest in. With an average selling price of $892,500 and the lowest in the top ten.
55 kilometers south of the CBD on the Mornington Peninsula, Tiabb flipped the year-over-year average sales price to 47% with an annual rental yield of 3.98%.
Collingwood is priced fairly well with a median selling price of $1,140,000. The year-over-year change in sales prices is 30% while the rental profit is 3.40%.
15 kilometers southeast of the CBD is Hughesdale, the third best suburb to invest in Melbourne. With an average selling price of $1,362,000, Derimut is the fifth most expensive suburb to invest on our list.
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Hughesdale reported average sales price changes of 28% yoy and rental profits of 2.46% yoy.
Box Hill South has a median annual selling price of $1,281,444, a 28% change. Rental profits are a positive 2.38%.
In Kensington, the median sale price was $1,121,000, and the median sale price was a 25% change, a rental profit of 3.03%.
Next is Heidelberg. 13 kilometers northeast of the city, Heidelberg has a median selling price of $1,269,900 and an annual change of 23%.
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Aberfeldy is ranked eighth. located in the northwest Just 9 kilometers from the city, on the banks of the Maribyrnong River.
The median sale price is $1,657,500, and the selling price is a 23% year-over-year change. Rental profits here are slightly lower than in Heidelberg and are at 2.30%.
The median selling price is $1,410,500, while the year-over-year change in average selling price is 22%.
Average annual sales price is $1,835,000, a 22% yoy change. Rental profits are likely 2.86%.
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Melbourne’s top 10 most invested suburbs are Mont Albert North, approximately 14 kilometers east of Melbourne’s city centre. The median selling price for the past 12 months was $1,525,000. and the average year-on-year change was noticeably 21%.
Additionally, median rental profit was 2.22%. While not the highest rental income in the top ten, Mont Albert North ranks second on the list by changes in average sales prices. When we look at Australian real estate investor statistics for the past year, We saw the lowest year ever. Registered Participation Rate
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This is because the real estate market is booming thanks to government incentives. Low interest rates and increased investment value It seems like a time of opportunity for investors who don’t have to sit on the sidelines.
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As the work-from-home movement continues to spread across the state, along with the desire to avoid the transition to a busy urban lifestyle. Investments in regional areas within driving distance of Melbourne’s business hubs are starting to gain momentum.
When it comes to investing in real estate What is Melbourne’s most valuable suburb? We’ve compiled our list of the best suburbs:
South east of melbourne You’ll find officers who are calm but still growing. With a median home price of $593,000* and a rental profit of 3.5%, agents have always been a hotspot for homebuyers. as it has access to the train station, Princes Expressway and some of Melbourne’s top schools.
Officials are home to the Arcadia community where one of the most popular champions is planned. This exciting property combines beautiful natural surroundings with city life. future city center Two train stations nearby And 3 new schools within easy reach make Arcadia a great choice with competitive investment value.
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In the west but heading slightly north, Melton is in Melbourne’s real estate market. The suburbs maintain a median house price of $390,000* and have Victoria’s fastest growing economy in the past 10 years.
Just 45km from the city, it is connected via Melbourne’s major city and interstate road network. including Tullamarine, Calder, Western, Princes and Hume highways. In addition to projecting 40% population growth over 40 years, it is easy to understand why Melton is of great long-term value.
The fast-growing and hugely popular suburb of Mickleham has always been a major concern for real estate investors and homeowners. An affordable and affordable location for a growing family. Suburbs have a median home price of $578,000* and a median rental yield of about 3.77%, which is a great opportunity for investors.
Mickleham is about 10 minutes from the center of nearby Craigieburn amenities such as shopping centers, sporting facilities, schools and restaurants. Mickleham’s population is expected to exceed 3,000 in 2016 and is expected to be high. Reach 40,000 people in 2026 with an average annual growth rate of 28.92%.
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Mickleham is home to the Botanical Estate, 29km from the CBD and easily accessible by car via the Tullamarine Expressway or by train from nearby Donnybrook train station.
In terms of capital increase One of the newest and most successful suburbs in the Australian real estate market, Box Hill, located 20km from the CBD, linked to innovative health, education and career opportunities, could be the reason behind its value. Highest investment recently
Box Hill, a stable growing area in the eastern suburbs of Melbourne. It received a 20.84 percent increase in funding in 2020*, putting the suburb at the top of our list of the best suburbs.
With Werribee’s draw cards and bays at your fingertips. Tarneit’s green suburbs have seen steady growth over the years. Recently, the West Melbourne region is projected to grow 12%, possibly above 10% of the metropolitan area’s population.
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The median house price in Torneit is $603,000* and growth in Torneit, just 25km from Melbourne’s CBD, shows no signs of slowing. Proud to feature one of the most popular Tarneit communities, Habitat on Davis Creek is limited edition only.
Investors will find plenty of open space at Habitat on Davis Creek, making it an ideal destination for young families.
Pakenham, 54 kilometers southeast of the CBD, has been one of Melbourne’s fastest growing suburbs in the last 20 years. This increased the demand for the adjacent suburbs of the new Pakenham East.
Once built, Pakenham East will have 7,200 affordable new homes and create 1,300 new jobs and generate more than $1 billion for the Victorian economy over the next few years. Shoppers can trust in the heart of the local city. Three primary and secondary schools, three community centres, and 44 hectares of local parks and sports reserves, but the initial cost and land selection are optimal for the investment value.
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As a new suburb with high potential A positive projected rental return could give Pakenham East buyers an excellent value when considering their next investment property. The fact that so many high-quality developers are looking for space in Melbourne is a clear sign that many believe Packenham East is ready to expand.
Take the Hume Freeway onto Donnybrook Road, turn right and discover why it’s so popular. Donnybrook is a fast-growing area north of Melbourne. In addition to the nearby suburb of Woodstock, The plan also includes five city centers, five facilities, six public schools, four non-government schools and 46 acres of parkland.
Recent upgrades to Donnybrook Station have improved passenger accessibility, safety and comfort. Demonstrates the need for infrastructure development in one of Victoria’s fastest growing communities.
Greenvale is a long-established northern suburb of Melbourne. It houses the Greenvale Reservoir, Greenvale Shopping Center and 10 acres of sports grounds, as well as close to Melbourne Airport. Just 24km from Melbourne, this affluent, family-run suburb is often in demand for housing.
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The True North community caters to investors looking for high-value items in Greenvale and Northern Melbourne. Living in picturesque neighborhoods is full of city views. This makes this residential community difficult to compare.
The Greenvale community has emerged over the past 20 years and has become a popular place for investors and homeowners. A true artist’s impression of the North Greenvale community.
Located 19km southeast of the CBD, Glen Waverley is a residential and large commercial area.