Melbourne’s Next ‘Hot Spots’
Investors and owner occupiers alike are always on the hunt for the next ‘hot spot’ within Melbourne’s burgeoning property market. These suburbs have recently been identified as ones with ‘growth potential’ and may be worth adding to your list should you be in the market.
- Greensborough - Located only 19km out of the CBD is this little gem which has become one of Melbourne’s ‘quiet achievers’. Popular amongst local for the quiet nature of the area, the parks, community spirit and reputable schools, this suburb is ideal for the growing family.
- Watsonia - With an excellent public transport system and being only a quick 35 minute commute to the CBD, Watsonia is another area which won’t remain affordable for long. Boasting a friendly and welcoming ‘village’ atmosphere, beautiful houses, tree lined streets, parks and many shopping options, this suburb is definitely one to watch.
- Carrum Downs - Carrum Downs has really blossomed over the last decade with new amenities being built including Kmart, Gravity Zone and Masters, and with an array of excellent schools and close to the beach, it stands to reason that young families are converging on the area to purchase their first home. Get in quick before prices skyrocket!
- Bayswater - Still reasonably priced, Bayswater is another ‘hidden’ gem within the Melbourne market. Rental properties produce decent yields for investors and there is everything required to attract professionals, singles and families to the areas. Infrastructure is sound, there is an abundance of shops and only a hop, skip and a jump to the Dandenong Ranges for a weekend away.
If you’re looking for a property in this area, get in touch with our local Stockdale & Leggo offices to see what they have available. Our Agents all live locally and will be able to share with you what it’s really like to reside in these areas.