Victoria

Are you thinking about investing in Victoria? If so you’ve started in the right place. Victoria is Australia’s second most populated state with approximately 6.4 million people calling it home. The state is expected to home more than 11 million residents by 2056.  Victoria only makes up a small portion of Australia’s land mass, yet contributes around 25% of the country’s GDP. Victoria has a diverse economy. Food, materials, international education, healthcare, manufacturing, professional services, tourism, defence and transport all play major roles in the states success.

Annual Gross Domestic Product
$399 billion p.a
More than 25% of Australia’s total GDP 
Population 
6.4 million
 

Median Household income $74k

28.7% of population renting

Melbourne is a cultural hub

Melbourne

A cultural Hub

In recent years Melbourne has been voted one of the most liveable cities in the world beating Sydney by a whisker. Just like its northern rival, this city has seen significant capital growth over the course of 10 years. This saw investors and homeowners both clamouring to get their own piece of the action. Once again rental yields have failed to keep up with prices. This means that a typical investor will again need to provide cash contributions to maintain the property.

Melbourne Growth Areas

Current Development areas.

As is the case with many major cities in Australia, population density has seen many new developments bringing housing supply to the market in Melbourne are high rise strata titled appartments. Areas like Altona North, Glenroy, Laverton, Newport all within 30 minutes offer good options for investors looking to get their hands on highly desirable new property at affordable prices.

Crane building in Melbourne
Regional Victoria An Investment Destination

Regional VIC

Getting state government backing.

From double first home buyers grants to the Regional Jobs & Infrastructure Funds, Victoria’s state government has put in place a significant plan to help grow and strengthen the states regional economies well into the future. This provides significant opportunity for investors who are driven by attractive prices, strong rental yield and future capital appreciation.

Regional Growth Areas

Current Development areas.

For those happy to invest 45 minutes to 2 hours from the CBD, the Victorian government have commenced the rezoning of areas to help provide affordable land and build options to residents and to encourage investment activity. Areas like Bendigo, Ballarat, Craigieburn, Epping, Geelong, Melton, Mickleham, Narre Warren, and Wyndham Vale are areas with good development and purchase opportunities at attractive price points.

Residential development in regional Victoria

Join hundreds of satisfied customers

If you’re considering a property purchase and would like some guidance we’d like to hear from you. On a quick phone call we can help determine your current equity position, borrowing capacity, and we can start to discuss potential loan structuring. We can also help you in choosing a property thats going to deliver on your expectations over the long run.