When choosing the best location for investment in Melbourne, many would often prefer to go to the East and South Eastern of Melbourne, especially Asian migrants with kids.
For several reasons, investors are flocking to Melbourne’s East and South Eastern a haven for property buyers.
Here are some of the famous South Eastern suburbs which are highly sought after in Melbourne, Australia:
Toorak, St Kilda, Hawthorn, Glen Iris, Kew, Balwyn, Camberwell, Glen Waverley, Doncaster, Boxhill, Claufield and Clayton.Bottom of Form.
There are several reasons why people may prefer to invest in these suburbs:
| Reasons to invest in Melbourne: |
1. Growing Population
The population of Melbourne’s East & South Eastern suburbs has been growing steadily over the years. This can be attributed to the development of established infrastructure and amenities in the area.
2. Good Transportation
The East & South Eastern suburbs are well-connected to the rest of Melbourne via a network of major highways, including the Monash Freeway and Eastlink, and public transportation.
The area also has several train stations, a tram system, and bus services, providing convenient access to the city and surrounding neighborhoods.
Also, some of the suburbs are near the CBD; this makes it suitable for residents and renters to commute to the city for work or leisure, increasing the area’s desirability.
3. Education
The East & South East suburbs are home to some of Melbourne’s best schools and universities, including Monash University, Deakin University, Haileybury College, Melbourne High School, Balwyn High School, St Catherine’s School & East Doncaster Secondary College.
Unless you are staying in the suburbs, chances to get into these schools would be tough. Hence, many families with school-aged children prefer to stay near those suburbs.
4. Lifestyle
The East & South Eastern suburbs offer a lavish lifestyle, with access to beautiful parks, beaches, and recreational facilities.
Plenty of shopping malls, such as Chadstone Shopping Center & Westfield Doncaster, and many dining options exist.
This makes these suburbs more appealing to residents and investors, especially young professionals and families.
5. Strong Capital Appreciation & Rental Demand
Due to the influx of migrants, few new developments can be found in these suburbs. Hence, property prices are getting extremely expensive here.
With property values increasing steadily over the years and the demand for property growing, the East and South Eastern Suburbs are an attractive opportunity for investors to make capital gains and generate rental income on their investments.
Overall, Melbourne’s East and South Eastern a haven for property buyers not only cater to owner-occupied but also present a lucrative investment opportunity for property investors seeking solid returns and a promising future.
If you want to explore the property around these suburbs, please contact me.
This article was written by Mandy Chen.
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