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Outer Melbourne suburbs rising but investor options may lie closer to town

Melbourne investors are being urged to look at returning to CBD apartments with the Victorian capital recently acquiring the unique status of having outer suburban units outpricing their inner city counterparts.

Melbourne skyline on a sunny day
Investors eyeing Melbourne opportunities would be well-served to consider near-city options, experts say. Photo: Shutterstock

Melbourne investors are being urged to look at returning to CBD apartments with the Victorian capital recently acquiring the unique status of having outer suburban units outpricing their inner city counterparts.

Melbourne’s property market recorded exceptional growth between 2017-2021, particularly in the outer ring, of 11.5 per cent for houses and 15.7 per cent for units, according to the latest PRD Melbourne Market Update 2021.  

As the city …