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Victoria has shown consistent and strong growth over the past few years, both in metro and regional areas. The population of Victoria is rapidly growing, with Melbourne overtaking Sydney this year as the country’s most populous city. Â
With more affordable living costs, particularly for housing, than that of Sydney, Melbourne is an attractive place for renters to live. Education and employment opportunities in the state also make it a desirable destination for migrants.
Melbourne house and unit rents rose for the eighth consecutive quarter, marking the longest stretch of rising rents the city has ever seen. House rents are at a record high, providing the second-fastest quarterly and steepest annual increases in the city’s history.
Melbourne’s vacancy rate has fallen to 0.9%, close to the record low of 0.8% in March 2023.
September 2023
Our dedicated Post-Purchase division provides regular updates to clients so they are notified at every stage of the purchase process.
If questions arise, the team is available to answer all queries and liaise with suppliers. So if you do elect to build, you can be satisfied that your property is being completed as efficiently as possible.
The investment process can be quite overwhelming with the extensive paperwork and deadlines you cannot afford to miss, that’s why our Post-Purchase team deliver a seamless experience for clients by managing their:Â