The Melbourne property market has faired well through the pandemic and in the last quarter alone has seen 5.5% increase. The lockdowns which Melbourne has now become accustomed to have reinforced the principle rule of property investment, location, location, location. With Melbournians spending an increasing amount of their time at home or within a few kilometers of it, the amenities your suburb has on offer has never been more important to buyers.
Here are some of our Hot Spot Suburb choices:
A charming family suburb with leafy streets and heritage homes just 9km from Melbourne CBD. The Elsternwick Village is full of great eateries quirky shops and the train line provides easy access directly to the city. Median house price: $1,950,000
With direct access to the beach and costal walking track there is a reason this suburb has such a low stock turn over – people love living here. The Hampton Street shopping strip is full of trendy cafes eateries and shops with the street recently being rezoned high density apartment blocks are popping up along the main street and breathing new life into the area. The suburb is full of family friendly parks and playground and the train line provides direct access to the CBD. The suburb also has excellence public and private schools. Median house price $2,180,000.
Another suburb with easy access to the CBD via the train line. The suburb has a great shopping strip as well as being the home to Southland shopping center. The once 1960’s style homes are mostly being knocked down and modern homes being built in their place with mostly younger families moving into the area. The main shopping strip is being gentrified with new shops are eateries opening. Median house price $1,117,000.
This suburb has come a long way over the past decade and the Highett shopping strip has been totally transformed as has the gentrifying demographic who live here. In almost every street there is major building works being done with residents investing in the area. The suburb also has a train line and is within walking distance of Southland shopping center. Median house price is $1,373,000.