Current conditions in the Melbourne property markets provide a unique opportunity for buyers to secure an apartment before investors return in full force.
As ME Bank records buoyed positive sentiment amongst Aussie property investors and Westpac forecasts Melbourne dwelling values to rise 10 per cent in 2021, now may be the ideal time for investors to secure a new apartment.
Although Melbourne’s property market still has some way to go before it returns to pre-COVID levels, the current circumstances provide a unique opportunity for buyers to secure an apartment before investors return to the market in full force.
For those hoping to get ahead of the anticipated increase in activity, Urban takes a look at five two-bedroom apartments in Melbourne for under $800,000.
Hurstmon, Malvern East
Address: 3 Hurstmon Street, Malvern East VIC 3145
Two-bedroom apartments from $795,000
Marketed towards young professionals and downsizers in Melbourne’s Malvern East, Hurstmon is a stylish home defined by rich layers of experience and character.
Catering to Malvern East’s dominant type of buyer and renter, this home has the potential to become a profitable investment due to its contemporary architecture and great location.
Set amongst beautiful parks, historic gardens and tree-lined streets, Hurstmon provides landscaped green spaces, premium finishes and floorplans responsive to changes and requests by homebuyers.
According to REIV, the average rental yield of units in Malvern East sits at 3.0 per cent.