News & Insights
When set against global metropolises such as Hong Kong, London, and New York, Melbourne presents itself as a distinctly more economical alternative for both domestic and international investors. Despite possessing a market that is far from inexpensive, Melbourne’s real estate is noticeably less prohibitive than its international counterparts. This comparative affordability, when coupled with the city’s superior living standards, renders Melbourne an enticing destination for those seeking rewarding investment opportunities.
Melbourne’s property market has experienced significant growth over the past decade. Unlike many global cities where market growth has stagnated or declined, Melbourne’s market presents a promising outlook for investors. The city’s ongoing population growth, robust economy, and vibrant culture ensure continued demand for housing, driving investment returns.
Compared to other international markets such as Vancouver or Singapore, Melbourne has a more relaxed regulatory environment. The absence of additional stamp duties for non-residents and capital gains taxes for offshore investors creates a more welcoming and attractive investment climate. This permissive regulatory stance significantly encourages foreign investment, thereby strengthening Melbourne’s real estate market further.
Melbourne’s property market has shown great resilience in the face of global economic uncertainties. For instance, amidst the COVID-19 pandemic, while cities like New York and London experienced significant market contractions, Melbourne’s market proved its durability, with median house prices bouncing back and continuing to rise after initial shocks.
Melbourne offers a diversity of housing options that caters to a range of lifestyles and budgets. From luxury inner-city apartments to affordable suburban family homes, Melbourne’s housing market contrasts with cities like Paris or Tokyo, which are dominated by specific housing types. Whether you’re seeking the vibrancy of city living or the tranquillity of suburban life, Melbourne’s housing market offers a residence to suit every preference.
In the realm of global property investment, Melbourne distinguishes itself with notably attractive rental yields. This contrasts sharply with cities like Hong Kong and New York, which, while prestigious on the global stage, typically offer lower rental yields. Melbourne’s increasing population, driven by its economic growth and high standard of living, creates a substantial demand for rental properties.
Quality of Life
Melbourne consistently ranks high in global liveability indexes, comparing favourably to cities like Vienna, Zurich, and Auckland. Its combination of quality healthcare, education, infrastructure, and cultural activities provide a high standard of living, further boosting its real estate appeal.
Melbourne’s real estate market holds its own on the global stage. Its ability to offer a blend of affordability, diverse investment opportunities, and high living standards, ensures its position as a globally competitive real estate market.
With its unique blend of affordable pricing, variety in investment opportunities, and unrivalled living standards, Melbourne carves out a distinct niche for itself. Our local real estate market is not only competitive, but also a global destination for discerning investors.