Though for the best part of 20 years it’s been a compelling city in property terms, there’s now a need for greater caution when investing here.
For the past two years, Melbourne enjoyed the status of being the second best-performing capital city for property, after decades of consistent stability. A different scenario is now emerging.
Melbourne still offers plenty of opportunities for real estate investment. However, there are also areas that represent greater risk, where your return could well fall short of your expectations.
So where are the best properties in Melbourne and how can you avoid high-risk locations and types of real estate?