Melbourne has captured the hearts of people around the world. It’s led the way with a sporting and festival culture, trendy cafés and great value property.
Investors around Australasia recognise the steady 20-year growth of
in comparison to Sydney.
They also leverage from the Australian’s love of real estate. Every major TV network across Australia has a real estate show. Aussies love to renovate property, build new houses and now, subdivide.
The Australian dream of owning your own home is still very much alive and creates a lot of interest around real estate. All this interest in
pushes prices upward, keeping growth strong and steady
Melbourne TownhousesThe Reserve Bank of Australia summarises the last 30 years of residential property in the following ways:
Metropolitan areas only sit as far out as 50km from the CBD. No matter which direction you travel, you’ll find freeways, highways and other major roads to create easy access to the city.
Melbourne Flinders Street Railway Station
Billions of state and federal dollars are being invested into major infrastructure of roads and rail, creating many jobs in the process. This year, Melbourne began taking on some of the biggest road and rail projects in its history, with the Westgate Tunnel Project, North East Link Project, the Mordialloc Bypass, Whitten bridge upgrade and the Metro tunnel – adding to the city’s liveability and adding more jobs in the process.
Melbourne features some of the biggest sporting events in the world, from the Australian Open to the Melbourne Cup and Formula One and, as a result, drawing in thousands of local and international tourists.
Melbourne often gets compared to Paris, because, well, it feels like Paris! The inner suburbs share a café culture, creating a strong attraction for tenants.
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