Investors looking for properties to invest on for this year could take a look at areas around Melbourne. News.com.au reported that Suburbs around Melbourne Airport and within the fringe areas of Melbourne are included in the list of markets expected to take off in 2019. At the same time, Melbourne is still expected to be a buyer’s market for 2019. With this, sellers within the area should be able to gain a second chance in selling their properties.
According to the Real Estate Institute of Victoria (REIV), these areas are among the markets that will see a bright future in 2019:
- Koo Wee Rup (63km southeast of the CBD)
- Whittlesea (40km northeast)
- Sunbury (42km northwest)
- Cranbourne North (39km southeast)
- Mickleham (32km north)
- Wyndham Vale (31km southwest)
The affordable median house prices for homes are between $485,000 and $611,000. REIV senior vice president Leah Calnan said this price range allowed them to become the go-to place for first-time buyers with stamp duty concessions, which is for buys below $750,000. It also provided them with a room for growth.
It’s also the same with these suburbs:
- Meadow Heights ($572,500 median)
- Laverton ($606,000)
- Caroline Springs ($646,500)
Meanwhile, Greenvale ($760,000) was hailed the REIV’s 2019 suburbs to watch.
On the other hand, Realestate.com.au chose these set of areas for their list:
- Airport West
- Keilor East
- Pascoe Vale South
Nerida Conisbee, Realestate.com.au chief economist, said these places, along with Highett, Aberfeldie and Burnside Heights had more views this on each listing before the year ended in 2018.
There are a lot of potential areas in Melbourne at the moment, and it’s also advised for investors to take a look at other markets to determine the best action. Investors can take a look at National Brokers Network comprehensive listings in case they want to Buy Residential Properties Australia. There are agents willing to help every potential buyer or seller in every step of the way.