Some experts say Victoria’s near- to medium-term prospects on a macro level are not that exciting compared to WA or Queensland due to the lack of new industry and low level of confidence that may curtail growth. In addition, worries about housing oversupply in some areas are continuing to cast shadows on the state’s property market as a whole.
However, if you look closer and go down to suburb level, it’s hard to ignore that some areas genuinely present a good investment opportunity. The local fundamentals and strong statistical indicators show these suburbs are behaving differently from the overall market in the state or in Melbourne.
Four suburbs in particular show outstanding fundamentals for strong capital growth in the medium to long term: Coburg, Flemington, Northcote and Reservoir.
Regionally, proven long-term performers including Bendigo, Geelong and Frankston made the top 100 list, thanks to their broader appeal, affordability and recent improvements in their transport links. In contrast with some inner suburbs, these areas are not obviously oversupplied. These areas are also supported by strong population growth as a result of jobs being created in the region.
