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Investors seeking growth moving to fringes of Melbourne

The outer suburbs of Melbourne have become a focal point for property investors, as the quest for growth potential moves away from the inner city regions that have driven Melbourne’s median property price to almost $1 million.

Outskirts of Melbourne with CBD skyscrapers in the far distance
Close proximity to the CBD has been replaced by open space and liveability on the top priority list for many Melbourne buyers. Photo: Shutterstock

The outer suburbs of Melbourne have become a focal point for property investors, as the quest for growth potential moves away from the inner city regions that have driven Melbourne’s median property price to almost $1 million.

Buyer surveys by Melbourne real estate agents RPM Group show the proportion of purchasers being investors almost doubled from 16 per cent during the HomeBuilder period (June 2020 to March 2021) to 31 per cent from April to…