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INVESTOR ROOM / Investing in Australia - Why invest in Melbourne
Melbourne at a glance:
Like Sydney, the Melbourne market has been very flat over 2004/05, however, it is a very solid market with strong underlying demand and a lack of supply and the indications are now very clear that the next growth cycle in Melbourne is well underway.
Melbourne Residex Regions
Long Term Statistics – Last 10 year average |
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Residex Region |
Capital Growth %pa |
Net Rental Yield |
Total Return |
Inner / North West Units |
8.91% |
6.42% |
15.93% |
North East Units |
9.41% |
6.19% |
16.24% |
South East Units |
9.66% |
6.42% |
16.78% |
Source: The Residex Report, September 2005
The signs are all there that Melbourne is beginning it’s next upward cycle. The perfect time to invest in this market, especially with “off plan” projects that have long completion times.
Where does Melbourne sit on t he Residential Property Clock? Source: Matusik Presentation February 2006
A clock where 9 indicates the middle of an upswing, 12 indicates the peak of the boom, 3 is the middle of the downswing and 6 is the market trough.
Melbourne : near the bottom of the cycle (around 6.00 o’clock )
Melbourne vacancy rate at May 06: 2.3%
Capital growth average for the 10 years to 2005: 10.88% per annum.
Following the last four low points in Melbourne ’s residential price growth (early 70’s, early 80’s, early 90’s and 1995) the growth in the ensuing 6 years has averaged 12%pa.
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