Melbourne Real Estate
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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Melbourne Real Estate have increased during 2007 with some suburbs appreciating substantially during the year. Melbourne has been the "jewell in the crown" for Australia. A title it oftens swaps with Sydney but often retains it longer.
Boosted by Melbourne being the corporate head quaters for many of Australia's largest companies, extensive industries, world class sporting events and a favourite tourism location for many overseas vistors.
Melbourne has always been a dynamic real estate market. With new developments, building of infrastructure and a forward thinking goverment and administration propelling new projects to completion.
With one of the largest city populations of Australia, there will always be a demand for a wide range of properties in Melbourne.
People upgrading, down sizing, moving to better suburbs, there will constantly be a demand for housing. Melbourne Real Estate agents also sell parking spaces and storgage areas in the inner city suburbs. |
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Melbourne's Real Estate prices range from the high $200,000 to well into several million dollars. 2007 saw some suburbs increase in value from 40% to 60% with a number of suburbs increasing around the 25% mark.
Rental rates are reasonable but closer to the city you will find high rents for both houses and units. The cost of renting a house or unit is not anywhere as expensive as Perth currently is.
Most of Melbourne's outer metropolitan area is to the east of the Central Business Disctrict city centre. These suburbs along with the north and western suburbs are well serviced by trains and buses.
An efficient freeway and highway system has been built in and around Melbourne. |
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Mineral exploration and production in the form of gold has increased the value in rural Victoria and metropolitan Melbourne. Oil exploration has also played an important part.
As the price of gold increases (and oil) Melbourne real estate should proportionally benifit with increased property prices.
Interesting to note however, not too much effect on Melbourne's house prices, is that many interstate people gfly to Melbourne for the week end purely for the shopping and attractions.
The cost of shopping, in particular clothing, is cheaper in Melbourne than mostover captial cities.
There is a lucrative company flying people from Perth to Melbourne for the week end just for clothes and small item shopping.
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Rural Victoria especially along the coast and more picturesque locations is growing in population and value as people from all over Australia make the move to a "sea change" or other lifestyle changes. Most sea side towns have experienced a substantial increase in value.
Summary: Increased real estate values for Melbourne.
Factors Against: It is hard to find factors against Melbourne's real estate continuing to increase in value providing the are no significant economic factors that affect Australia or Vcitoria
Factors For: Melbourne always has maintained it's forward thinking in development, infrastructure, sporting events tourism and cultural attractions for the last 5 years. There has not been any change in attitude from government or business leaders.
Melbourne Real Estate information on Biding.Com.Au
272 Melbounre Suburbs
0 Victorian Country Side Towns and Cities
Last Updated: December 2007 - Next update due July 2008.
Note: Suburb information should be used as a guide only and may vary between updates. For current data for a particular suburb or country location please contact one of the listed Real Estate Agents which specialise in that location |
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 Update January 2008: Perth Real Estate, Adelaide Real Estate and Melbourne Real Estate information has been completed, a total of over 920 suburbs and towns with maps. -
Now adding Real Estate Agents, Restaurants and Accommodation for Perth, Adelaide and Melbourne.
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