Melbourne’s southeast all the way through to the Mornington Peninsula are now best bets for big returns. They are the city’s best options for investors with money to splash on houses, despite looming price falls, and our little ol’ suburb of Bonbeach has taken out the number one spot!
The Herald Sun’s Make Your Move report, powered by PropTrack, ranks Bonbeach as
Melbourne’s best bet for investors in houses, and Cape I Sound the most solid for units. They topped the lists for property types across the city after PropTrack weighed up rental demand against yield and capital growth to produce its priority picks.
PropTrack economist Angus Moore said even after huge growth since the onset of the pandemic, the Mornington Peninsula and “Lifestyle™ areas remained best positioned. ”That shift, at least part of it, seems to be permanent,” he said. ” People do want more space, and it’s easier to do that further from the city – and it’s far more possible today for people to work from home than it was 22 years ago.
Eight of the top 2O suburbs for investors in houses and units were on the Peninsula, with suburbs in the east and outer southeast also in ant.
Advantage Property Consulting director Frank Valentic noted no inner suburbs were in the top 2O for houses or units. except Cremorne.
“The tables have turned – the inner suburbs used to be gold for investors, but now the outer suburbs have taken over, “ he said. “The affordability is a major thing … clients are going further out to get more bang for their buck.“
Mr Valentic added that because properties in these areas were more affordable, buyers could get better returns. “The vacancy rate is below a balanced market and there are more renters than properties,” he said. Tighter budgets amid rising interest rates are also heaping more demand on the affordable end of the market. as some who otherwise would have bought in a pricier bracket with entry-level buyers.
Indulge in The Best View in Edithvale
Light & Bright Luxury by the River
On a generous block of 693m 2 I is exceptional It renovated the home from top to toe, boasts both style and elegance. Far from your standard weatherboard home, its design has been thoughtful. It executed with no expense spared. The nom e weIcomes you through its talI automated timber feature gate, providing additional security and with its immaculate front Lawn and aggregate driveway, the street appeal is off the chart!
Enter the home from the front porch into an inviting entrance hall. With 3 bed rooms at the front of the home and kitchen new and living towards the back with new floorboards
throughout, it’s the perfect floorplan for families. The kitchen has an abundance of fresh white cabinetry accented with brushed gold handles, large island bench and an electric oven with induction cooktop. Adjacent to the dining room which flows into the living area with quick access to the enormous backyard, open plan living at its finest.
All bedrooms have been consistently designed to showcase stunning wall paneling. New carpets, ceiling fans, oil wall heaters, built i n wardrobes and plenty of natural light. The huge master suite is the ultimate retreat with morning sun spilling through its front facing windows. As well as its generous waIk-in wardrobe, Luxury is evident in the ensuite with custom timber vanity, tiles floor to ceiling, double brushed gold rainfall shower and deep standalone bathtub in front of a gorgeous feature tile wall. This style is also used for the second central bathroom for the whole family to feel its elegance.
At the end of this lovely street is Patterson River and its fantastic walking tracks that lead you directly to the snores of Carrum Beach. As well as only a short stroll to the bustling Carrum village shops, it is only 778m from Carrum Primary School and 1.4km to Patterson River Secondary College.
Interested? Call James on 0400 080 422
An iconic lifestyle address standing tall above the rest with impressive Panoramic views of the bay, city and the Dandenongs, this relaxed 2-bedroom 2-bathroom penthouse is spectacular in the beauty of the northern sun.
With its coastal contemporary finish, this time less abode is architect designed by Martin Fried rich and enjoys a sunlit Living and dining area opening to full length north facing balcony, a modern stone kitchen maintaining the beachy vibe, 2 spacious sun drenched bedrooms (fitted BIRs, main with chick ensuite + fitted WIR), matching bathroom with stylish kit kat tiles and a European laundry.
Quiet and private with every room capturing the entire vista, this nautical-inspired retreat impresses with engineered American Oak floors, reverse cycle i.e. air conditioning, video intercom, double glazing, abundant storage and lift access to secure basement parking with its over the bonnet storage cage and communal bike racks.
Perfect for someone who enjoys an active lifestyle, close to walking trails, stunning beaches, Rossdale Golf CIub and tranquil wetlands, while just meters to the heart of Edithvale with its buzzing café scene, boutique bars, new train station and handy shops.
Interested? Call Peter on 0414 622 955