The Melbourne hotspots set to take off and suburbs best avoided
With Melbourne real estate showing signs of an overdue rebound, where are the property hotspots that investors should be looking at and which suburbs are best avoided?
The storm clouds that have lingered over the Melbourne property market are at last showing signs of clearing. (Image source: Paul Harding/Shutterstock.com)
Melbourne’s bitter winter weather can deter the hardiest of souls from venturing outdoors, except perhaps to get to the MCG for a Wallabies or AFL game.
But the city’s prospective property buyers have been out in force and defying the usual seasonal lull in auction activity.
In a week that saw auction clearance rates around the country
hit a 12-month high, it was Melbourne that was the busiest of all the capital city markets.With 1,500 homes …
