Why you should be investing in property NOW

May 22, 2023

It’s not clickbait, it’s simple economics – supply and demand.

Melbourne has seen a lot of changes since the pandemic and the demand for housing is at an all time high. News about rising interest rates have been circulating the media and our natural reaction is to hold on to what we have and wait out the storm. However, property data analysts agree that what we are seeing is an investor’s market.

Demand

Vacancy rates across residential properties are currently at a record low, with only 0.002% of Buxton Stonnington managed properties across Victoria available to rent – equating to 3 out of 1500. This demand is the result of an increase in single person households, a growing population and an influx in overseas migration. Melbourne is expected to overtake Sydney as Australia’s largest city with a predicted population of 6 million people by 2031. 

Supply 

It seems like almost every month we hear about the liquidation of a prominent builder, leaving thousands of would-be homeowners in the lurch. Our dedicated readers know that the way around this issue is to buy a property off the plan. Investing in property this way not only supports our developers, it also increases the housing supply in this overexerted market. 

Now that you know that it’s time to invest, you need to know where to put your money. The demand for housing is highest in areas with access to public transport and in close proximity to schools and shopping centres. 

Property Spotlight | Galerie

Located in desirable Glen Iris, Galerie is a collection of luxury apartments perfect for a downsizer or family. Residents of this contemporary property are privy to a world-renowned collection of private artworks, innovative architecture and lush outdoor spaces.

Immaculately designed by Ewert Leaf and LDS Property, with breathtaking landscape architecture by John Patrick, Galerie is a thoughtful, human-centred space that will leave a legacy for generations to come. 

For more information on Galerie visit: galeriegleniris.com.au

Contact Heath Thompson at Projects by Buxton today to start the conversation.