Melbourne has it all. World-class entertainment options, great schools and plenty of outstanding residential projects can all be found in this diverse city. And while Melbourne’s bustling city centre tends to draw the most attention from international real estate buyers, the suburbs offer a more relaxed lifestyle. Whether you are looking to relocate here or are investigating investment opportunities, Suburban Melbourne is worth checking out.
Live…
Of all the suburbs surrounding the centre of Melbourne, Malvern East is among the most popular. It is known for its green parks and scenic Gardiners Creek borders the neighbourhood. The suburb is home to a number of top-notch housing complexes but Hedgeley Malvern East by award-winning Australian property developer Little Projects is one garnering a lot of buzz. The project is a short walk from the East Malvern train station and features some unique architecture incorporating lush greenery that provides a peaceful ambiance for those living here.
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Apart from all the parks and green spaces in Malvern East, the suburb is also home to Chadstone, Australia’s most prestigious and largest shopping centre. There are two golf courses in the area, East Malvern Golf Club and Malvern Valley Public Golf Course, for those who enjoy hitting the links. Several quaint restaurants and pubs keep residents of Malvern East busy during the evenings and weekends.
…Invest
Let’s start with the bad news. Victoria did enact a stamp duty hike on foreign buyers that increased the surcharge from three percent to seven percent last year. And while it is not ideal, the government’s move to reign in home prices hasn’t completely deterred property buyers from abroad. That’s because, and this is the good news, demand for homes in Melbourne and its suburbs is still strong and home values continue to climb, especially in locations like Malvern Eaast.
A project such as Hedgeley Malvern East is attractive on many fronts. For those looking for long-term, passive income, you are getting a property at one of Melbourne’s most desirable addresses. It also appears as if property values in this suburb are going to continue to increase, ensuring a well-rounded investment that provides solid returns when divested in the future.
Final Thoughts Hedgeley Malvern East
A lot of international property buyers, both investors and end users, were put off by the stamp duty increase imposed by the government of Victoria. This is understandable, however, given both the short- and long-term outlook of Melbourne’s real estate market, opportunities are still to be found. The right project in the right location, including the city’s suburbs, will be profitable regardless of an increased stamp duty. Melbourne also remains one of the world’s most liveable cities and it’s hard to put a price tag on that for those considering relocation.
