11-Nov-2023
Are you looking for a profitable investment opportunity in Melbourne? With the market in full recovery mode, now is the perfect time to make a profitable investment.
Investing in property can be a great way to build wealth, but where should you invest?Investing in rental yields can provide a steady stream of income and long-term capital growth. It can also help you diversify your investment portfolio and hedge against inflation.
Melton | Melbourne – West | 4.5 | 340 |
Hastings | Mornington Peninsula | 4.2 | 455 |
Harkness | Melbourne – West | 4.2 | 377 |
Melton South | Melbourne – West | 4.1 | 360 |
Kurunjang | Melbourne – West | 4.1 | 358 |
Campbellfield | Melbourne – North West | 4.1 | 383 |
Frankston North | Mornington Peninsula | 4.1 | 346 |
Maddingley | Melbourne – West | 4.1 | 402 |
Dallas | Melbourne – North West | 4.0 | 378 |
Meadow Heights | Melbourne – North West | 4.0 | 384 |
Melton is a suburb located in Melbourne's west, and it has the highest rental yield in the city at 4.5%. The median rental value is $340 per week. Melton is a growing suburb with a lot of potential for capital growth, and it's a great option for investors looking for affordable properties with high rental yields.
Hastings is located on the Mornington Peninsula and has a rental yield of 4.2%. The median rental value is $455 per week. Hastings is a popular location for families and retirees, and it's known for its beautiful beaches and relaxed lifestyle.
Harkness is another suburb located in Melbourne's west, and it has a rental yield of 4.2%. The median rental value is $377 per week. Harkness is a relatively new suburb that's still developing, and it's a great option for investors looking for affordable properties with high rental yields.
Melton South is located in Melbourne's west and has a rental yield of 4.1%. The median rental value is $360 per week. Melton South is a growing suburb with a lot of potential for capital growth, and it's a great option for investors looking for affordable properties with high rental yields.
Kurunjang is located in Melbourne's west and has a rental yield of 4.1%. The median rental value is $358 per week. Kurunjang is a growing suburb with a lot of potential for capital growth, and it's a great option for investors looking for affordable properties with high rental yields.
Officer is located 48km south-east of the Melbourne CBD and has a rental yield of 3.6%. The median rental value is $520 per week, up 10.6% over the previous 12 months. Officer is a popular location for families, and it's known for its great schools and community facilities.
Mickleham is located in Melbourne's north and has a rental yield of around 3.7%. The median rental value is $450 per week, up 7.1% over the previous 12 months. Mickleham is a growing suburb with a lot of potential for capital growth, and it's a great option for investors looking for affordable properties with high rental yields.
Location of the property
Type of property
Condition of the property
Supply and demand in the market
Understanding these factors will help global investors better understand the potential returns on investment in each suburb.
Investing in property can be a great way to build wealth, but it's important to choose the right location to maximize your returns. Melbourne has many suburbs with high rental yields, and we've highlighted some of the top performers in this article.
However, it's important to remember that rental yield is just one factor to consider when making an investment decision. Other factors, such as capital growth potential, vacancy rates, and planned investment, should also be taken into account.