2022 Melbourne Property Investment Guide

After a tumultuous couple of years that saw unprecedented events take place across the country’s second-most populous city, many may be left wondering what will happen next. Whilst seeing a strong increase in housing prices in spite of the worldwide pandemic, Melbourne underperformed in comparison to other capital cities.

So what are some of the key things to look out for and what tips can we offer for the coming years for the city?

Is now the time to be investing in property in Melbourne?

Known for its vibrant city living, sport, entertainment and innovative employment opportunities, Melbourne is a major drawcard for international immigration. Whilst this has been hindered in recent years, it is expected that students and graduates will once again flock to this popular capital city in the coming years.

Impacted by multiple long-term lockdowns that saw many residents relocate to other states and international migration come to a grinding halt, it’s not surprising that property investors may be wary of returning to this market. Despite this, according to CoreLogic, Melbourne has seen an increase in housing prices over the past 12 months with 12.5% growth. A strong result given the extensive lockdowns, though around half the increase seen by other capital cities such as Adelaide (25.8%), Hobart (26%) and Sydney (22.4%). And miles behind the country’s highest performer Brisbane which saw just shy of a 30% increase.

An Australia-wide interest rate hike is expected to hit late this year which will no doubt impact the Melbourne property market. This is already being seen by the building industry with the increase in production and construction materials which is tipped to contribute to a massive housing shortfall by 2032, making now an ideal time to investigate investment options in this popular destination.

Where to buy an investment property in Melbourne

Ironfish is comprised of a talented team of property analysts who have their finger on the pulse when it comes to the latest trends in property investment. We’re constantly looking at the latest influences on the property market and assisting our customers to develop a successful and well-rounded portfolio.

With borders reopening and life in Melbourne returning to normal, buyer demand is still incredibly strong for the “Australian Dream”, which is why we’re seeking out infill townhouse projects with proximity to public transport connections.

Areas on our radar are:

• Altona North
• Sunshine
• Sunshine North
• Berwick

We’re also anticipating affordable house and land opportunities to be a significant drawcard.

Areas we’re interested in are:

• Wyndham Vale
• Mernda
• Wollert

There are many things to factor in when considering property investment in Melbourne. At Ironfish, we’re dedicated to helping you realise your property goals in 2022.

For further information, explore our Australia-wide city guides, including details on Melbourne property investment.

For more information, view our comprehensive analysis of the coming trends. Download our 2022 Guide to the Property Market.