Did you know that land values in metropolitan Melbourne as a whole have increased 41.8 per cent since 2014, hitting a median of $1448 per sqm.
In the same period, the typical block size has shrunk from 607sqm to 585sqm.
Outer Melbourne has seen the biggest decline in land size over the past five years, falling from 660sqm to 600sqm.
Here are some of Melbourne’s best performers since 2014, so for the past 5 years:
- Land value up 41.8% since 2014 to $1448 per sqm
- Block size down 2.6% since 2014 to 585sqm
- Essendon West: 125%, $2573
- Parkville: 86%, $7885
- Deepdene: 78%, $4782
- Maidstone: 67%, $2296
- Yarraville: 66%, $3596
- Brooklyn: 148%, $1892
- Glenroy: 126%, $1790
- Briar Hill: 101%, $1606
- Airport West: 93%, $1920
- Clayton: 87%, $2075
- Tyabb: 420%, $810
- Eumemmerring: 244%, $1623
- Bittern: 239%, $742
- St Andrews: 189%, $176
- Crib Point: 152%, $944
So let me ask you a question, do you have the skills and knowledge to correctly identify the very best long term capital growth areas in Melbourne right now?
Join me and 40 likeminded property investors at the next Real Estate Investing Fast Track Weekend!
Seats are strictly limited so book NOW in order to avoid future disappointment!