Life is good in Melbourne – the city has a strong economy, excellent employment prospects, strong population growth and some of the best education and entertainment options in the world! And Central Equity – a pioneer of Melbourne city living – is understandably keen to show Sydneysiders why the Victorian capital is a great alternative for investors right now.
Demand is a particularly big attraction. With a population recently topping the 5 million mark, Melbourne’s population is growing twice as fast as other cities. In fact, its population grew by 126,175 during 2017 – the largest yearly growth ever recorded for an Australian city. That kind of scaled, sustained demand for housing is a huge incentive for investors.
The population boom is being fuelled by Melbourne’s impressive employment prospects. As ‘the nation’s economic powerhouse’ Victoria has Australia’s highest annual economic growth rate. With solid plans in place for continued growth, a record $78.9 billion in Government infrastructure projects are currently underway or commencing soon.
Feeding into this economic growth is the city’s highly regarded education pathway. Melbourne is home to 7 of the world’s top universities and currently ranks 4th amongst global knowledge hubs. It’s estimated that around 300,000 students are studying in Melbourne at any one time.
To make the most of these opportunities, it’s critical for the rental population, as well as owner-occupiers, to be close to the CBD and its amenities – workers and students alike are tapping into this inner-city market and driving demand.
All of this points to Victoria’s capital as being one of the most reliable locations for property investors, and there’s plenty more to discover at Central Equity’s upcoming Melbourne Property Expo, held over four days at Rydges World Square, Sydney.
The free event is a one-stop-shop for sales, leasing and property management and is a must-attend for anyone investing in property or planning a move to Melbourne for a career change.
Visitors will have the opportunity to preview Central Equity’s new 2019 range of apartments. Located in the heart of Melbourne CBD, The Lonsdale Collection at Melbourne Grand offers family-sized living areas, spacious bedrooms and versatile kitchens with beautiful contemporary finishes. All of this combined with premium inclusions at no extra cost and a 5% rental guarantee. A new range of 1, 2 and 3 bedroom designs starts from $489K.
Central Equity also offers a range of House and Land packages from $468K. See the latest 3 and 4 bedroom family homes located just 20km from the CBD.
Melbourne Property Expo February 21-24 Rydges World Square, Sydney Free Entry