The Mornington Peninsula is one of Victoria’s most idyllic locations to live, retire and to purchase an investment property. Not just because of its natural beauty, relaxed and laidback living, but because Melbourne’s Mornington Peninsula has a proven history of property value growth, yielding many positive-gearing properties for investors.
Recent studies have shown Aussies are moving away from the hustle and bustle of the city and into the outer suburbs in search of a more relaxed lifestyle. The Mornington Peninsula favors young families and retirees alike due to the more affordable house prices, job availabilities and peaceful, quiet neighborhoods.
When you purchase an investment property, the location of the property is one of the most important aspects to consider. Why? Because when a property grows in value over time, it’s not the house that’s increasing in value, it’s the land. A house can be renovated or demolished, but the land is there to stay, and renters consider the location of their property as one of their highest priorities.
Investment properties that perform well are typically located in areas that are growing and developing, rather than older suburbs which is why more and more Melbournians are choosing to invest in suburbs such as Frankston, Mt Eliza, Mount Martha and Frankston South.
Whilst property prices on the Mornington Peninsula continue to rise, it’s still possible to purchase ‘fixer-uppers’ at affordable prices. If you’ve got the savviness to turn something a little older, into something brand new, you could really cash in on the booming investment trend in the region.
The expert property managers and real estate agents at Twin Waters Agents can help you find the right property, at the right price and the right tenants.
Contact us today for more information about how we can help you invest in the Mornington Peninsula.