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Melbourne is projected to see a 20% rise in total dwellings by 2034, fuelled primarily by new developments in the western and southern metropolitan areas. The recent decline in house prices, coupled with rising rental returns, makes Greater Melbourne, particularly its greenfield locations, an appealing prospect for investors.
The current rental yield for houses in Greater Melbourne is 3.4% is higher than Greater Sydney’s 2.9%. Houses in Greater Melbourne offer an attractive investment option due to their relative affordability compared to Sydney and potential for long-term price growth
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