Why should you invest in Victoria?
Macro factors that drive fluctuations in the economy also influence the property market. While property markets are cyclical, quality residential properties in good locations held for the medium to long term, have historically performed and remain one of the most robust and popular investment options.
Experienced investors understand that downturns are often followed by periods of growth. Investing during a downturn can present opportunities for acquiring properties at favourable prices, with the potential for substantial returns when the market rebounds.
There are many reasons why you should invest in Victoria. Here are some known factors that make it relevant right now:
Unmatched liveability
Melbourne has been in the Top 10 ‘Most Liveable Cities in the World’ list every year since 2010. For seven of those years, it occupied the top spot and is currently sitting at number three.
Economic stability
Australia has a developed economy, 90% of the population lives in urban areas, the second highest level globally, second only to Argentina. Melbourne ranks among the safest cities in the Asia Pacific region. The Economist Intelligence Unit ranks Melbourne highly for infrastructure safety, minimising road and rail accidents.
Rapid population growth
Melbourne is set to become Australia’s largest city, with projections showing it will overtake Sydney in 2031. With continuous growth coupled with a stable state economy and international exemplar liveability status, Melbourne is an attractive market for property investors.
What should I do?
At Crest Property Investments we specialise in sourcing brand new and off the plan properties for buyers. We also do not charge fees to buyers! If you’d like to learn more, please feel free to contact us. We welcome the opportunity to help you make the best property decision.
Our YouTube channel and Market Insights are also a great place to gain more tips. They provide a wealth of information to assist you with many areas relating to property.
While we have taken care to ensure the information above is true and correct at the time of publication, changes in circumstances and legislation after the displayed date may impact the accuracy of this article. If you want to learn more please contact us. We welcome the opportunity to assist you.
July 2024
