Where to invest in property in Melbourne
Choosing where to buy is almost as important as the type of dwelling you want to invest in. While this is a very personal decision, there are pros and cons to every neighborhood and even parts of a neighborhood.
When buying an investment property you need to take into consideration that somebody will be living in it as a home, namely your tenant, and to them this needs to mean more than just a structure they will be living in. It is also the community and the accessibility to places and events that will be important to future tenants. Wherever you want to invest you will need to know where the highways are located, grocery stores, schools, and how far from work it will be.
Assessing the land value before making a property investment is paramount. Land value is driven by scarcity, proximity to infrastructure/attractions and convenience to transport options. Seeking good combinations of these factors will go a long way to help you find good land value. It is important to be objective about location. Buying in suburbs you know can be convenient, it can also be costly if that suburb under performs the market, or if you are buying at the expense of greater capital growth in areas you are familiar with.
Give serious consideration to suburbs that may increase faster than the market average in future especially where local government are investing themselves in infrastructure etc. Speculation can be costly and you should only invest based on significant and justifiable reasons, such as the planned addition of major infrastructure for transport routes, or an anticipated land shortage resulting in scarcity.
In Australia, one should consider taking advantage of the Resources Boom which is with us into the foreseeable future, be cautious of regional areas with only one or 2 mines. It makes business sense to invest in the locations that have other industries underpinning the towns now and into the future. One could achieve realistic capital growth and unusually high rental incomes, where the properties are proving to be positively geared.
Major cities on the other hand (and particularly properties within reasonable proximity to the CBD), tend to have a good balance of population, well-diversified economies, infrastructure, diverse demographic profiles and appealing cultural aspects that can drive ongoing capital growth.
Your challenge is Finding a ‘best fit’ house and land package then trying to compare the various developers and suppliers of House and Land Packages to settle on one you hope is the right one … we are sure you would agree?
To save you time and stress; consider completing the attached questionnaire and let us do the work on your behalf
Also knows as Home and Land Packages are generally outer suburban in newly established housing estates, providing comfort of lifestyle!
A value for your Dollar Investment / Purchase providing affordability of owning a property.
An opportunity to get into the market for both home owner and investor
Traditionally capital appreciation is lower than inner suburban capital growth, however those that cannot afford to own what they wish to live in, choose to own in an area they can purchase in.
Usually rental income lower in these areas making this an ideal opportunity for the investor aiming at this target market.
House and Land packages are highly attractive to the owner occupier as well as the Investor looking for opportunities matching their budget, where pricing of inner suburban existing property is out of their reach. Plus of course the wonderful lifestyle gains the outer lying areas provide you and your family.
Some House and Land Packages are positively geared such as NRAS / National Rental Affordability Scheme properties; for more info on NRAS view here
For more on House and Land Packages Open Market vs Off plan House and Land Packages
House and Land Suburbs in Victoria include :
Tarneit Cranbourne Glenroy Pascoevale Sydneham Mernda Greenvale Melton Wallan
Campbellfield Craigieburn Langwarren Wyndham Point Cook Keysborough Wyndham Vale Doreen Epping Pakenham Officer Packenham Clyde Sandhurst Woodlands Woodend Keilor Mt. Martha Mount Martha Coburg Keilor Downs
Because on the Vast and Wide selection of House and Land Packages on the market, it is in your interest to complete the data below and properT will undertake the investigations on your behalf and come back to you with a selection of ‘best fit’ home and land packages to suit your requirements from which you can then make an informed decision.
House and Land Suburbs in Queensland include :
Greater Springfield, Springfield Lakes, Sunshine Coast, Coomera, Logan, Moreton Bay, Maroochydore, Caloundra, Aura, Ipswich, Redback Plains, Morayfield, Toowoomba, Gladstone, Rockhampton, Mackay, Townsville, Chinchilla, Moggill, Raceview, Emerald Clayfield, Bellbird Park, Goodna, Loganlea, Ormeau, Pimpama, Upper Coomera, Helensvale, Nerang, Gold Coast, Tweed Heads, Upper Coomera, Loganholme, Upper Mount Gravatt, Rocklea, Capalaba, Northlakes, Dakebin, Burpengary, Caboolture, Caboolture South, Bli Bli, Glass House Mountains, Sippy Downs, Beerwah, Forest Glen, Maroochydore, Caloundra, Peregian Springs, Pelican Waters, Coolum and the list goes on
Comments or questions are welcome.
Comments or questions are welcome.