We recently explored high-yielding units in selected Sydney suburbs, but recent discussions among experienced property investors and experts have turned our attention to Melbourne's inner-city apartment market.
With attractive rental yields, relatively low vacancy rates in selected suburbs, and apartments available for under $600,000, Melbourne could be offering some excellent buying opportunities.
Why consider Melbourne units right now?
* Strong rental yields - Some inner-city apartments are delivering yields of 6-7%+, helping investors manage cash flow while borrowing costs remain high.
* Affordable entry prices - Quality 2-bedroom apartments can still be found for under $600,000.
* Boutique apartment appeal - Smaller blocks with fewer apartments can offer greater scarcity and owner-occupier appeal, potentially supporting long-term demand.
* Rental demand - Selected inner-city suburbs are experiencing relatively low vacancy rates, although conditions vary considerably by location and building.
Using PropertyDirector's powerful PropertyFinder tool, we identified three interesting opportunities:
* Parkville, VIC - 2-bedroom apartment priced at $380,000, generating $520/week rent and an impressive 7.1% gross rental yield.
* Prahran, VIC - 2-bedroom apartment in an attractive boutique block for $570,000, generating $665/week rent and a 6.1% gross rental yield.
* Prahran, VIC - 2-bedroom apartment in a boutique block of just 8 units for $490,000, generating $700/week rent and an impressive 7.4% gross rental yield.
Our view? Melbourne's inner-city boutique apartments could be worth a closer look for investors seeking affordable entry prices, attractive cash flow and potential long-term capital growth.
We'll continue tracking these opportunities and revisit their performance over time!
Why spend hours searching when you can use data to uncover opportunities others might overlook?
Use PropertyFinder to identify high-yielding properties, research suburbs and make smarter, data-driven investment decisions.
Explore PropertyDirector today: www.propertydirector.com.au/choose-plan
