Are you looking to invest in Melbourne’s property market? With $700k to spend, finding suburbs with high potential for growth is key. In this blog, we’ll explore three suburbs that are predicted to see significant capital growth over the next 2-3 years: Meadow Heights, Deer Park, and Delahey. Whether you’re a first-time investor or just starting to research Melbourne’s property market, these areas are worth considering.
Why These Suburbs?
The property market in Melbourne is vast, but these three suburbs stand out because of their unique features:
Stagnant growth: Over the past few years, these areas haven’t seen much price growth, creating the perfect opportunity for investors.
Low supply and high demand: All three have limited properties available, meaning more buyers are competing for fewer homes. This often drives prices up.
Strong search index ratio: Many people are actively searching for homes in these suburbs, indicating increasing interest.
What to Expect in the Next Few Years
Over the next 2-3 years, all three suburbs are expected to experience significant capital growth. The presenter of the video predicts annual growth of at least 10-15%, with the potential for even higher gains. This is due to the current imbalance between supply and demand, as well as pent-up buyer interest following years of stagnant prices.
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If you’re asking, this is where I would buy in Melbourne if I had $700k, these three suburbs offer the best opportunity for growth within this budget. You’ll be investing in areas that have strong potential for capital appreciation while still being affordable compared to other parts of Melbourne.
Conclusion
If you’re thinking of investing in Melbourne’s property market, Meadow Heights, Deer Park, and Delahey should be at the top of your list. These suburbs offer a unique combination of low supply, high demand, and affordable prices, making them ideal for future growth. With predictions of 10-15% capital growth annually, now could be the perfect time to invest.
Whether you’re a first-time investor or expanding your portfolio, this is where I would buy in Melbourne if I had $700k for long-term capital gains and strong returns.