Invest in Melbourne: Top 10 Suburbs for Buying & Renting Property

Buying or renting in Australia is all about your financial goals, lifestyle and the market. Melbourne suburbs like Pascoe Vale, Keilor East and Blackburn have it all.

Check out Melbourne’s top property markets in 2025 with median prices, rental returns and growth. Essendon and Glen Waverley are hot investment opportunities with development potential.

Find out what each suburb has to offer in amenities, demographics and community appeal so you can make an informed decision. Suburbs like Mitcham and Reservoir have great schools, parks and connectivity for families and investors.

Buying vs Renting in Australia

buying and renting propert info

When deciding between buying and renting in Australia there are many things to consider. Each option has its pros and cons and the right choice depends on your financial situation, lifestyle and goals. Below is a breakdown to help you decide.

Upfront and Ongoing Costs

Buying a Property:

  • Upfront Costs: Buying a property involves big upfront costs including a deposit, stamp duty and legal fees. These costs can be in the tens of thousands.

  • Ongoing Costs: Homeownership has ongoing expenses like mortgage repayments, property maintenance, council rates and insurance. These add up to around $10,000-$15,000 more per year compared to renting a similar property.

Renting a Property:

  • Initial Costs: Renting only requires a bond and rent in advance so the upfront costs are much lower than buying.

  • Less Responsibility: Renters don’t have to worry about property maintenance, council rates or insurance so the ongoing costs are much lower.

Investment and Opportunity Costs

Buying a Property:

  • Building Equity: Paying off a mortgage allows you to build equity in a physical asset over time. This is one of the biggest benefits of homeownership.

  • Tied-up Capital: The funds invested in a home could earn higher returns if invested elsewhere, such as in the stock market. For example, investing the additional annual costs of homeownership at an average return of 9% could be a big win over 30 years.

Renting a Property:

  • Flexibility to Invest: Renting gives you the freedom to invest in a diversified portfolio or other income generating assets.

  • Rentvesting: Many Australians rent in good locations and invest in lower cost properties or other assets. This strategy can achieve financial growth without the heavy financial burden of homeownership.

Market Conditions and Flexibility

Buying a Property:

  • Market Dynamics: The Australian property market is volatile. As of 2025 interest rate cuts are expected to increase buyers’ borrowing power so it may be a good time to buy. But this also brings risks like market volatility and stagnant property values.

  • Long-Term Security: Owning a home provides security and stability, especially for families or those planning to stay in one location long term.

Renting a Property:

  • Flexibility: Renting allows you to move as needed, whether for work, lifestyle or personal reasons. This is perfect for those with career changes or uncertain long term plans.

  • Risk Reduction: Renting protects you from market risks like falling property values or rising interest rates.

Equity vs “Dead Money”

Buying a Property:

  • Wealth Creation: Mortgage repayments build equity in your home so it’s a valuable asset in the long term.

  • Interest Costs: In the early years of a mortgage a big chunk of the repayments go towards interest rather than equity so there’s not much immediate financial benefit.

Renting a Property:

  • Lower Costs: While rent payments don’t build equity, the lower monthly costs mean you can save and invest elsewhere.

  • Financial Growth: With discipline, renters can invest saved funds in high return options and potentially beat the financial returns of property ownership.

The decision to buy or rent in Australia is all about personal priorities and financial goals.

  • Buying: Stability, long term equity and potential property appreciation but higher costs and risks.

  • Renting: Flexibility, lower financial commitments and opportunity to invest in other assets so it’s a good option for those who prioritise mobility and financial growth.

Both options have their benefits. Work out your situation and make a decision that suits your financial and lifestyle goals.

Melbourne Suburbs to Buy or Rent 2025

Melbourne’s property market in 2025 has plenty to offer buyers and investors.

With suburbs to suit all tastes and budgets the city is still a great place to invest in property. Suburbs like Pascoe Vale where the median house price is $1,017,500 and weekly rent is $600 are affordable and convenient.

Keilor East with upcoming infrastructure projects is expected to grow and has a median house price of $1,015,000 and similar rental yield.

Pakenham has a lower median house price of $590,000 and 4.2% rental return so it’s a good option for steady income. In this article we look at the top 10 Melbourne suburbs to buy and rent in 2025.

Top 10 Melbourne Suburbs to Buy or Rent 2025

Pascoe Vale (3044): A Suburb on the Rise for Buyers and Investors

Pascoe Vale is 9km north of Melbourne’s CBD and is getting popular for its family friendly, green spaces and city access. It’s a hot spot for buyers and investors looking for value and convenience. Here’s why Pascoe Vale is standing out in the Melbourne property market.

What are the Median Property Prices in Pascoe Vale?

Pascoe Vale has property options for buyers:

  • Houses: Median price $1,017,500, annual growth -2.91%

  • Units: Median price $630,000, growth has been flat over the past year.

The market is hot with 164 houses and 309 units sold in the past 12 months. Properties in Pascoe Vale take 38-40 days to sell so there’s steady demand.

What’s the Rental Market Like in Pascoe Vale?

The rental market in Pascoe Vale is for families and professionals and offers good returns for investors:

  • Houses: Median weekly rent $600 so good yields for landlords.

  • Units: Units rent for $520 per week so steady rental income.

These rental prices make Pascoe Vale a good option for tenants and property investors.

Who Lives in Pascoe Vale?

Pascoe Vale has a growing and diverse population:

  • Population Growth: 14.5% growth between 2011 and 2016 from 14,886 to 17,038 residents.

  • Demographics: Most residents are 30-39, many couples with children.

  • Professionals: A big chunk of the population work in professional occupations.

Owner occupancy has decreased from 67.7% in 2011 to 63.1% in 2016 so more people are opting for rentals.

What Amenities Does Pascoe Vale Have?

Pascoe Vale has all the essentials for a great lifestyle:

  • Schools: Several good schools in the suburb so popular with families.

  • Shopping and Healthcare: Shopping centres, healthcare facilities and local markets.

  • Parks and Recreation: Green spaces and parks.

How Far is Pascoe Vale?

Pascoe Vale is close to Melbourne’s CBD and other areas:

  • Public Transport: 20 minute train ride to the city.

  • Road Access: Major roads make it easy to get around Melbourne so it’s well connected.

Why Invest in Pascoe Vale?

Pascoe Vale has good investment options:

  • Affordable: Median prices for houses and units are cheaper than surrounding suburbs.

  • Rental Yield: Steady rental income so good for landlords.

  • Future Growth: Ongoing development and population growth so potential for capital growth.

Conclusion: Is Keilor East for You?

Keilor East has the suburban lifestyle and urban convenience so good for families, professionals and investors. With affordable prices, community feel and great connectivity it’s going to keep growing so a top pick in Melbourne’s property market.

Keilor East (3033): A Suburb for Buyers and Investors

Keilor East, 16km north west of Melbourne CBD has the suburban lifestyle, great connectivity, green spaces and community so good for buyers and investors.

What are the Median Prices in Keilor East?

Keilor East has something for everyone:

  • Houses: Median price $800,000, 2.25% annual growth so good for buyers looking for long term value.

  • Units: More affordable units median price $515,000 so investors have growth potential and entry point into the market.

What’s the Rental Market like in Keilor East?

Keilor East has a good rental market for families and professionals:

  • Houses: Median weekly rent $550 so good for property investors and long term rental income.

  • Units: Units median weekly rent $430 so steady rental income and good for investors looking for reliable returns in a growing market.

Who lives in Keilor East?

Keilor East’s population is growing and diverse so strong community.

  • Population Growth: 11.2% growth from 2011 to 2016 to 18,003 residents so growth and demand for properties.

  • Demographics: Young families and professionals, median age 38 so family friendly environment.

  • Professionals: A lot of Keilor East residents work in white collar jobs so good for families and career driven individuals.

What’s in Keilor East?

Keilor East has everything you need:

  • Schools: Keilor East has several good schools, Keilor Heights Primary School and St. Peter’s Primary School so good for families.

  • Shopping and Healthcare: Keilor Central Shopping Centre and local medical centre Keilor East Medical Centre so everything you need is close by.

  • Parks and Recreation: Keilor East has many parks, Green Gully Reserve and Pannie Pakes Memorial Park so great for outdoor activities and family time.

Conclusion

Keilor East has affordability and growth so good for buyers and investors, solid rental returns and family friendly.

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Deer Park (3023): A Hub for Buyers and Investors

Deer Park 17km west of Melbourne CBD has the lifestyle, great transport, green spaces and diverse community. Affordable and growth so good for buyers and investors.

What are the Median Prices in Deer Park?

Deer Park has something for everyone:

  • Houses: Median price $670,000, 3.2% annual growth so good for affordability and capital growth.

  • Units: Units median price $470,000 so affordable for investors and first home buyers.

What’s the Rental Market like in Deer Park?

Deer Park has a good rental market for a mix of renters:

  • Houses: Median weekly rent $410 so investors have consistent rental yields and long term growth.

  • Units: Median weekly rent $350 so good for investors and affordable for tenants.

Who lives in Deer Park?

Deer Park is a vibrant and diverse community growing:

  • Population Growth: 18,145 in 2021 so steady demand for housing.

  • Demographics: Young families, couples and retirees, median age 36 so dynamic and inclusive.

  • Professionals: Many residents work in white and blue collar jobs so good and connected suburb.

What’s in Deer Park?

Deer Park has everything you need:

  • Schools: Families have local schools Deer Park Primary School and Brimbank College so good for education focused buyers.

  • Shopping and Healthcare: Brimbank Shopping Centre and Deer Park Medical Centre so shopping, dining and healthcare is close by.

  • Parks and Recreation: Kororoit Creek and Isabella Williams Memorial Reserve so great for outdoor activities.

Conclusion

Deer Park has affordability and is well connected so good for buyers and investors. Growth, rental and family friendly so good for long term.

Bentleigh (3204): A Hub for Buyers and Investors

Bentleigh, 13km southeast of Melbourne CBD has suburban charm and urban convenience. Famous for family friendly environment, good schools and community facilities so good for buyers and investors.

What are the Median Prices in Bentleigh?

Bentleigh has something for everyone:

  • Houses: Median price $1,450,000, 3.8% annual growth so good for long term investment.

  • Units: Median price $675,000 so affordable for first home buyers and investors.

What’s the Rental Market like in Bentleigh?

Bentleigh has a good rental market for families and professionals:

  • Houses: Median weekly rent $620 so good for investors looking for stable rental income.

  • Units: Units rent for $470 per week so good for tenants looking for affordability and proximity to amenities.

Who lives in Bentleigh?

Bentleigh has a dynamic population:

  • Population Growth: 9.6% growth between 2011 and 2016 to 16,153 residents so demand for housing is increasing.

  • Demographics: Mostly young families, median age 39 so family friendly suburb.

  • Professionals: Many residents work in professional and managerial jobs so good for career focused people.

What’s in Bentleigh?

Bentleigh has everything you need:

  • Schools: Bentleigh West Primary School and St. Paul’s Primary School so good for families who value good education.

  • Shopping and Healthcare: Bentleigh Shopping Centre and Bentleigh Family Medical Practice so shopping and healthcare is close by.

  • Parks and Recreation: Halley Park and Victory Park so great for outdoor activities and walking.

Conclusion

Blackburn has growth, family friendly and strong rental demand. Good for buyers who want a great lifestyle and investors who want good returns in Melbourne’s suburbs.

Blackburn: A Suburban Oasis for Buyers and Investors

Blackburn 17km east of Melbourne CBD has suburban tranquility with good connectivity, greenery and community so good for buyers and investors.

What are the Median Prices in Blackburn?

Blackburn has something for everyone:

  • Houses: Median price $1,200,000, 3.4% annual growth so good for long term capital growth.

  • Units: More affordable units median price $650,000 so good for investors and strong growth in the eastern suburbs.

What’s the Rental Market like in Blackburn?

Blackburn’s rental market is good for families and young professionals:

  • Houses: Median weekly rent $550 so good for investors looking for cash flow.

  • Units: Units rent for $440 per week so good for consistent returns and tenants looking for affordability and proximity to amenities.

Who lives in Blackburn?

Blackburn’s population is growing and diverse:

  • Population Growth: 9.3% growth between 2011 and 2016 to 13,940 residents so demand for property is steady.

  • Demographics: Mostly families and professionals, median age 40 so balanced and community focused.

  • Professionals: Many in white collar jobs so good for upwardly mobile people.

What’s in Blackburn?

Blackburn has everything:

  • Schools: Blackburn Primary School and Blackburn High School so good for families.

  • Shopping and Healthcare: Blackburn North Shopping Centre and Blackburn Clinic so shopping and healthcare is close by.

  • Parks and Recreation: Blackburn Lake Sanctuary and Morton Park so great for outdoor activities and community events.

Conclusion

Blackburn has tranquility and growth so good for buyers and investors. Good rental yields, good amenities and community so a balanced suburban lifestyle.

Essendon (3040): Historic suburb with modern appeal for buyers and investors

Essendon 10km north west of Melbourne CBD has its charm and modern conveniences. Good transport, green spaces and lifestyle so good for buyers and investors.

What are the Median Prices in Essendon?

Essendon has something for everyone:

  • Houses: Median price $1,200,000 so good for buyers who want a big family home in a good suburb with 3.1% annual growth.

  • Units: Units are more affordable at $580,000 so good for investors and first home buyers looking for growth.

What’s the Rental Market like in Essendon?

Essendon’s rental market is good for families and professionals:

  • Houses: Median weekly rent $620 so good for investors for steady cash flow in a high demand suburb.

  • Units: Median weekly rent $430 so good for tenants and investors.

Who lives in Essendon?

Essendon’s population is diverse and community oriented so good for lifestyle:

  • Population Growth: 9.8% growth between 2011 and 2016 to 20,596 residents so demand is steady.

  • Demographics: Families and professionals, median age 37 so good for families and family friendly.

  • Professionals: Many in white collar jobs so good for career focused people and families.

What’s in Essendon?

Essendon has everything:

  • Schools: Good schools like Penleigh and Essendon Grammar School and Lowther Hall Anglican Grammar so good for families.

  • Shopping and Healthcare: Essendon Fields shopping precinct, supermarkets and good health services so good for daily living.

  • Parks and Recreation: Woodlands Park and Queens Park so good for outdoor activities, picnics and community events.

Conclusion

Essendon has charm and modernity so good for buyers and investors. Good rental yields, good amenities and growth so good for one of Melbourne’s best suburbs.

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Glen Waverley (3150): Prime suburb for buyers and investors

Glen Waverley 19km south east of Melbourne CBD has a family focused community, good amenities and growth so good for buyers and investors in Australia.

What are the Median Prices in Glen Waverley?

Glen Waverley boasts has something for everyone:

  • Houses: The median price stands at $1,560,000 so good for long term investment. 6.8% annual growth. Top suburb.

  • Units: Units are more affordable at $845,000 so good for capital growth and entry into a high demand market.

What’s the Rental Market like in Glen Waverley?

Glen Waverley’s rental market is strong due to family and professional demand:

  • Houses: Median weekly rent $610 so good for investors for long term returns.

  • Units: Median weekly rent $520 so good for steady income and high demand.

Who lives in Glen Waverley?

Glen Waverley has a diverse population and community:

  • Population Growth: 10.5% growth between 2011 and 2016 to 40,333 residents so demand is growing.

  • Demographics: Families with school age children are drawn to the area for the good schools and professionals for the employment hubs.

  • Multicultural Community: Glen Waverley is multicultural so good for social fabric and global food.

What’s in Glen Waverley?

Glen Waverley has everything:

  • Schools: Good schools like Glen Waverley Secondary College and Mount View Primary School so good for families.

  • Shopping and Healthcare: The expansive Glen Shopping Centre and Waverley Private Hospital so good for daily living.

  • Parks and Recreation: Jells Park and Hinkler Reserve so good for outdoor activities.

Glen Waverley is a great suburban lifestyle with growth so good for buyers and investors. Good amenities and lots of property options so good for long term value.

McKinnon (3204): Top suburb for families and investors

McKinnon 12km south east of Melbourne CBD has good schools, quiet and community so good for families and investors in Victoria.

What are the Median Prices in McKinnon?

McKinnon has property for buyers looking for quality investments:

  • Houses: Median price $1,800,000 so good for long term value and premium housing. 3.5% annual growth.

  • Units: Units in McKinnon are $750,000 so good for entry and growth in a high demand area.

What’s the Rental Market like in McKinnon?

McKinnon’s rental market is strong with family and professional demand:

  • Houses: Median weekly rent $700 so good for investors and affluent renters looking for family friendly.

  • Units: Units in McKinnon are $480 so good for steady income and individuals or small families.

Who lives in McKinnon?

McKinnon has a lively family focused community with an emphasis on education:

  • Population Growth: McKinnon has steady population growth, 11.7% more residents between 2011 and 2016 to 7,153 residents so demand is growing.

  • Demographics: Families with children are drawn to the area for the schools and safe environment and professionals for the CBD.

  • Professionals: Many residents in McKinnon are professionals so good for a premium residential area.

What Amenities in McKinnon?

McKinnon has many amenities to make life good:

  • Schools: McKinnon Secondary College one of Victoria’s top public schools so good for families and McKinnon Primary School another good primary school.

  • Shopping and Healthcare: Easy access to local shops and services, McKinnon Village and Bentleigh Medical Centre nearby.

  • Parks and Recreation: Wattle Grove Reserve and Joyce Park for picnics, sports and family activities.

Summary

McKinnon has good schools, premium property and family friendly so good for buyers and investors looking for long term value and strong returns.

Mitcham (3132): Suburb for buyers and investors

Mitcham, 21km east of Melbourne CBD has a great suburban lifestyle with good transport, greenery and community so good for buyers and investors.

What are the Median Prices in Mitcham?

Mitcham has lots of property options for all buyers

  • Houses: Median price $1,050,000 so good for stability and value growth.

  • Units: Affordable units are $650,000 so good for investors to get in at entry level with growth in this popular suburb.

What’s the Rental Market like in Mitcham?

Mitcham has a strong rental market for families and young professionals:

  • Houses: Median weekly rent $510 so good for investors and high demand from renters looking for family homes.

  • Units: Units in Mitcham are $400 so good for steady yields and long term investment.

Who lives in Mitcham?

Mitcham has a diverse and growing population:

  • Population Growth: 9.5% growth from 2011 to 2016 to 15,915 residents so demand is growing.

  • Demographics: Families and professionals, median age 37 so good family environment.

  • Professionals: Many white collar workers live in Mitcham so good for career focused individuals and growing families.

What Amenities in Mitcham?

Mitcham has all the essentials:

  • Schools: Mitcham has Mitcham Primary schools like Mitcham Primary School so good for families.

  • Shopping and Healthcare: Eastland Shopping Centre and Mitcham Private Hospital nearby so good for shopping and healthcare.

  • Parks and Recreation: Halliday Park and Yarran Dheran Reserve so good for outdoor activities and nature.

Summary

Mitcham has growth, affordability and amenities so good for buyers and investors with strong rental and family environment.

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Reservoir (3073): Suburb for buyers and investors

Reservoir Affordable Investment with Strong Growth Potential

12km north of Melbourne CBD Reservoir has urban convenience and suburban lifestyle. Good amenities, strong community and lots of property options for buyers and investors.

What are the Median Prices in Reservoir?

  • Houses: Median price $870,000 so good for long term value in a connected suburb.

  • Units: Affordable units are $480,000 so good for investors to get in at entry level for steady growth.

What’s the Rental Market like in Reservoir?

Reservoir has a rental market for families, students and professionals:

  • Houses: Median weekly rent $520 so good for yields and stable income for investors.

  • Units: Units are $410 so good for renters looking for affordability and proximity to transport and amenities.

Who lives in Reservoir?

Reservoir has a diverse and growing population:

  • Population Growth: 8.5% growth from 2011 to 2016 to 51,000+ residents so demand is strong.

  • Demographics: Families, students and professionals due to housing diversity and services so good multicultural environment.

  • Professionals: A lot of the workforce in Reservoir is white collar so good for career focused individuals.

What Amenities?

Reservoir has good infrastructure and recreational facilities:

  • Schools: Reservoir Primary School and Reservoir High School so good for families.

  • Shopping and Healthcare: Northland Shopping Centre and Reservoir Private Hospital so good for shopping and healthcare.

  • Parks and Recreation: Edwardes Lake Park and Darebin Creek Trail so good for outdoor activities and family friendly.

Summary

Reservoir has affordability, connectivity and community so good for buyers and investors. Diverse demographic, good rental yields and good amenities so worth considering.

FAQs

Is it better to rent or buy in Melbourne?

Renting is flexibility, lower upfront costs and less maintenance. Good for transient or uncertain lifestyle.

Buying is equity and long term stability. Property in Melbourne can grow in value over time.

What are the current prices in Melbourne?

Prices vary by suburb. As of 2025 inner Melbourne house prices are $1.5–$2.5 million.

In outer suburbs houses are $600,000–$1.2 million and units are $450,000+ depending on location.

How do rental yields compare to mortgage rates in Melbourne?

Rental yields in Melbourne vary by area but generally 3%–5% for houses and a bit higher for units.

Mortgage rates for buyers have been moving but 5%–7% in 2025 so rental yields are still beating mortgage rates in many areas so cash flow.

Why rent over buy in Melbourne?

Renting gives you mobility, no long term financial commitment so you can move without selling costs or market risk.

Also more affordable to live in the areas of Melbourne you want to live in where property prices are higher so you’re close to the city.

Why buy instead of rent in Melbourne?

Buying property in Melbourne is wealth creation through property appreciation and tax benefits like depreciation and capital gains exemptions.

Owning gives you long term stability so you can customise your living space without the restrictions of a lease.

How does the ‘Bank of Mum and Dad’ impact property purchases in Melbourne?

The ‘Bank of Mum and Dad’ helps first home buyers with deposits or even full property purchases so they can access more properties in Melbourne.

This helps with affordability so young buyers can get into the market easier especially in high demand suburbs.

What are the upfront costs to buy a property in Melbourne?

Upfront costs for buyers are deposit (20%), stamp duty (based on property value), legal fees and inspections for pests or building issues.

Other additional costs are loan application fees, Lender’s Mortgage Insurance if deposit is less than 20% and savings for any immediate property works.

How have interest rates affected the Melbourne property market?

Interest rates in Melbourne have risen so mortgage repayments have increased, affecting affordability and slowing down some price growth especially in the higher end areas.

But higher interest rates has also cooled demand so well prepared investors in Melbourne’s suburbs can buy at lower prices.

What government incentives for first home buyers in Melbourne?

First home buyers in Melbourne can access the First Home Owner Grant (FHOG) for new properties, stamp duty concessions and low deposit loans.

The Victorian government also has shared equity schemes to make homeownership more accessible, financial assistance for those buying in certain areas.

How does the rental application process work in Melbourne?

In Melbourne applicants must submit an application form with personal details, rental history and references. Applicants also get a credit check.

Landlords or property managers assess the application, consider rental history, employment and the property suitability before approving tenancy.

What are the legal obligations of landlords and tenants in Melbourne?

Landlords in Melbourne must ensure the property meets certain safety standards, do repairs and respect tenants’ right to quiet enjoyment.

Tenants must pay rent on time, keep the property clean and respect other tenants’ privacy. Both parties must follow the lease agreement.

How does the rental vacancy rate affect renters in Melbourne?

High rental vacancy in Melbourne means more options for renters, lower rents and more bargaining power.

Low vacancy means more competition for properties, higher rents and less flexibility for renters especially in popular or central areas.

What are the cheapest suburbs to buy in Melbourne?

Affordable Melbourne suburbs for buyers are areas like Werribee, Frankston, Melton and Craigieburn. These areas have lower median prices.

These areas are further from the city but have good public transport and growing infrastructure so potential capital growth and future investment.

Which suburbs in Melbourne have the best rental yields?

Suburbs like St Albans, Brunswick and Footscray have high rental yields, units and houses returning 4-6%.

These areas are popular with students, professionals and immigrants so have strong rental demand so are good options for investors looking for steady cash flow.

How does the cost of living in Melbourne impact to rent or buy?

Melbourne’s cost of living, high rent, utilities and transport often encourages renters to delay homeownership or opt for smaller and more affordable properties.

But buyers may find that investing in property will give them long term financial benefits through equity and stability despite higher cost of living.

What does immigration do to Melbourne’s rental market?

Immigration has a big impact on Melbourne’s rental market, increasing demand for rental properties especially in areas with good transport and job opportunities.

More people looking for accommodation means upward pressure on rents in popular suburbs, opportunities and challenges for both renters and property investors.

How do property taxes affect homeowners and investors in Melbourne?

Homeowners in Melbourne have to pay council rates and land tax which can vary depending on property values. Investors also have to budget for capital gains tax.

Property taxes affect both homeowners and investors decisions, rental pricing and affordability. Proper tax planning helps to maximise investment returns and property profits.

What are the trends in Melbourne’s property market for 2025?

2025 will see Melbourne’s property market continue to grow slowly with a strong economy, more infrastructure and growing population.

There will be a move to more affordable suburban areas as buyers move out to the fringes as inner city prices rise.

How do I approach a landlord to buy a rental property in Melbourne?

To approach a landlord in Melbourne to buy a rental property, express interest, offer a fair price and show your financials.

Being prepared to negotiate and showing seriousness with formal offers and financing arrangements may convince the landlord to sell the property.

What are the common myths about property investing in Melbourne?

A common myth is that property prices in Melbourne always go up. While Melbourne has had growth, property values can be cyclical and market dependent.

And that property investing is a sure thing. It’s not, it’s full of risks, market fluctuations, maintenance and tenant issues.

Originally Published: https://www.starinvestment.com.au/top-10-melbourne-suburbs-buying-renting-property/


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