Melbourne has been picked by many experts as a key city for investors to keep an eye on - with other states such as Brisbane and Perth skyrocketing in recent years, Melbourne has gone slightly under the radar.
On that note we've picked 6 suburbs below the $650,000 price bracket and provided a quick suburb analysis below according to suburb capital growth, rental yield, vacancy rates, and vendor discount rates.
Sydenham, VIC 3037 - $735,000 median price, 0.57% vacancy rate, 3.66% rental yield, properties selling at 11.26% above list prices
Campbellfield, VIC 3061 - $618,750 median price, 1.24% vacancy rate, 4.61% rental yield, properties selling at 6.83% above list prices
Deer Park, VIC 3023 - $650,000 median price, 0.69% vacancy rate, 3.88% rental yield, properties selling at 8.79% above list prices
Delahey, VIC 3037 - $655,000 median price, 0.57% vacancy rate, 3.66% rental yield, properties selling at 9.8% above list prices
Epping, VIC 3076 - $676,500 median price, 0.8% vacancy rate, 4.48% rental yield, properties selling at 9.73% above list prices
Albanvale, VIC 3021 - $623,000 median price, 0.53% vacancy rate, 3.88% rental yield, properties selling at 4.86% above list prices
With relatively affordable prices in what will soon be Australia's most populated city with excellent livability scores, Melbourne could be the place to invest in 2025 for savvy investors.
With properties already selling in all 6 suburbs at premium values (according to the vendor discount rates above), make sure you get in quickly to take advantage of capital growth potential.
To gain all of these excellent suburb insights and more, register to PropertyDirector's Professional plan today for $49 per month - https://www.propertydirector.com.au/choose-plan
