Investing in Serviced Apartments in Melbourne

By Bizclik Editor

Melbourne is developing a reputation for being Australia’s most exciting place to live. The city is full of discoveries around every corner and down every lane way - and Melbourne’s cultural reputation is unmatched in Australia. Most people who experience Melbourne understand why it’s regularly judged to be one of the best places to live in the world.

The population of Melbourne is growing rapidly – some analysts have predicted the city’s population will overtake Sydney’s in the first half of the 21st century – and the hustle and bustle is added to by the influx of business travellers and tourists. As a result, recent years have seen a boom in residential and commercial real estate - and serviced apartments have been springing up to accommodate the increasing incomers.

Invest in a Growing City?

The investment options in Melbourne are vast but many industry experts are saying that it’s a great time for investors to buy a serviced apartment in the area as demand for serviced apartments is increasing as the city grows in size and popularity.

There are a few key reasons for this upward trend, but serviced apartments are becoming preferred by both tourists and business travellers as serviced apartments can offer an independent ‘home away from home’ experience but with many of the traditional comforts and trappings of a hotel.

Any property investor knows that location plays a big part in an investment, especially when it comes to serviced apartments, and there are plenty of options conveniently located in or within Melbourne’s popular CBD – minimising investment risk.

Serviced Apartments in Suburban or Regional Areas

Investments don’t necessarily need to be close to the CBD in Melbourne, though, as the city’s outlying suburbs are highly popular and diverse.

Several companies like Quest Properties offer serviced apartment investments in Melbourne’s suburban or regional areas as well as the CBD - offering a more secluded option for longer term and local tenants looking for a more relaxed place and pace away from the hustle and bustle. Many of these apartment complexes have very low vacancy rates, all year round.

In short, it seems a great time to invest in a serviced apartment in Melbourne.

For more information on buying serviced apartments, visit one of Australia’s biggest players, Quest Properties.

Share

Featured Articles

Twitter timeline – how Musk pulled off a hostile takeover

Elon Musk strikes deal to buy Twitter for US$44bn following four months of cryptic tweets, secret meetings and buying of shares – here’s the timeline

Top 10 Asia restaurants, from Tokyo’s Den to Bangkok’s Sorn

From Tokyo to Bangkok, with cuisines spanning Cantonese, Thai and German, we highlight Asia’s top 10 places to eat, as per Asia’s 50 Best Restaurants

Microsoft: what Asia leaders need to know about hybrid work

Microsoft’s 2022 Work Trend Index guides Asia leaders to navigating a hybrid future – from making the office worth the commute to rebuilding social capital

Meet the company: EV Nio to list in Hong Kong, enter Europe

Leadership & Strategy

12 Tech trends to watch closely in 2022, from CB Insights

Technology

Why Deloitte Australia’s HR technology is winning awards

Human Capital