So, you want to start the property investment business in Melbourne?
Well, it’s not as easy as it appears to be. But you know what, you can start investing in properties by targeting the up and coming suburbs in Melbourne.
Over the past few years, the suburbs have shown an excellent growth rate in Melbourne because the buyers can get the properties at easily affordable rates. The problem is that the prices of property have ultimately increased in already developed suburbs.
So, the buyers are confused about whether they should invest money in these suburbs or not. Well, we believe the buyers should start looking for the up and coming suburbs as they can generate more profits over the years.
No matter whether you’re a start-up portfolio or a savvy investor, this article is going to help you a lot. We’ve collected information about the 3 best suburbs in Melbourne. We are pretty sure that the investors will get a huge return by investing money in these suburbs. So, without any further ado, let’s take a look at 3 Up and Coming suburbs in Melbourne to invest in.
Kensington
Kensington is an aspirational suburb for young families as it offers incredible Victorian architecture along with leafy streets. Moreover, the families love this suburb as it offers expansive parkland with tons of amazing facilities.
Some areas of the suburb are already developed but the local authorities are now working on expanding the suburb. And they’re offering opportunities for new investors in new areas. So, you should take advantage of this opportunity and invest your money wisely.
Watsonia
Watsonia officials are connecting Greensborough road to Eastern Freeway with the new North East Link. This new connection is going to reduce the travel time by 35 minutes. The prices of properties are really affordable in this area. Therefore, new investors should look for properties where they can make a profitable investment.
Upwey
The tradies and professionals have made a huge profit with this amazing suburb. And it’s time for new investors to take advantage of this suburb. There are plenty of options where investors can invest their money. The best thing about this suburb is that it’s not only offering opportunities for homebuyers but the investors can also invest money in pubs and eateries to grow their investment.
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