Property on Sale

Why Victoria?

While Australia has long been regarded as one of the safest countries in the world for investment, the south-eastern state of Australia, Victoria offers a stable, prosperous foundation to grow your property investment portfolio.

With 5.5 million inhabitants, Victoria is Australia’s most densely populated state. It’s capital, Melbourne is a cosmopolitan, globalised city of 4 million people and is also known as the manufacturing, services, innovation and knowledge power-house of Australia. Did we mention it has been named as the world’s most liveable city not once, but twice!

An English-speaking gateway to the Asia-Pacific and affluent markets in other Australian states, Melbourne is renowned for its skilled and innovative workforce and enviable lifestyle.

Victoria is recognised for having one of the strongest and most resilient economies in the world. The state enjoys AAA credit ratings from both Standard and Poor’s and Moody’s and has done so consistently for ten years. Victoria has a diverse range of manufacturing and service industries, supported by an excellent education and research and development base.

To understand why buying property in Victoria is residential, here are some key statistics:

In 2012 Melbourne was named the world’s most liveable city for the second time in a row, scoring 97.5 per cent
More than 70 per cent of the population live in or within close vicinity to the biggest cities. This ensures the market is centralised and that people compete for property closer to infrastructure.
Larger cities such as Melbourne are consequently suffering from housing shortages as a result of the demand to live in centralised areas.
History shows that the property market in Melbourne doubles in value every seven to 10 years.
Rent in Melbourne is continuing to rise resulting in rental payments beginning to align with the cost of mortgage repayments.
documentation required by legislation will be completed on your behalf;
council rates, water rates and body corporate fees will be paid on your behalf;
qualified and reliable tradespeople are used when required; and
VCAT hearings will be attended on your behalf where necessary.

Sources: Domain and City Of Melbourne