Top 4 Victoria investment suburbs for 2015
Carrum Downs
Selected by Margaret Lomas
Carrum Downs’ close proximity to the Mornington Peninsula makes it a desirable location, yet it remains $50,000 cheaper than neighbouring Seaford, according to Margaret Lomas. The average gross rental yield for houses in the suburb is 5.0 per cent and climbs to 5.5 per cent for units – but Ms Lomas says investors should search for and secure yields upwards of six per cent.
Cranbourne
Selected by Margaret Lomas
Another gem in Melbourne’s south-east, Cranbourne’s investment appeal lies in its relative a ffordability – especially compared to neighbouring Berwick, which can cost up to $100,000 more, according to Margaret Lomas, who says the area has strong yields and a “strong family demographic”.
Spotswood
Selected by Sam Saggers
Traditionally known for being largely industrial, Spotswood, just over the West Gate Bridge from Melbourne’s CBD, is undergoing signifi cant urban renewal and gentrification. According to Sam Saggers, investors would be wise to do their due diligence on zoning changes, and savvy investors should target townhouses or warehouse conversions and units.
Another gem in Melbourne’s south-east, Cranbourne’s investment appeal lies in its relative a ffordability
Sunshine
Selected by Margaret Lomas
This suburb in Melbourne’s west appeared in the Fast 50 in 2014, when Andrew Wilson highlighted its population spike and new town plan that aimed to strengthen transport infrastructure and improve access to the CBD. Margaret Lomas selected it this year based on its proximity to the city, the possibility of securing rental yields of five per cent-plus, and its position as a “hub of a $880 million regional rail project”.
Find out what other suburbs from across the country are set to offer investors the biggest rewards:
Top Queensland investment suburbs
Top South Australia investment suburbs