Is Melbourne's Fitzroy an investor's dream?

Hey everyone,

I've been seeing lots of good articles on Melboourne as being a good place for property investors. The prices in Melbourne aren't as high as in Sydney and what's more I always felt that Melbourne had a better design and had more organised growth making it a much easier and relaxed city to live in than Sydney. However, since my job is in Sydney, I will not be moving to Melbourne anytime soon but would like to get in on the property market there.

The first suburb in Melbourne, Fitzroy is particularly rumored to have steady growth for the next few years to come. Does anyone here live in Melbourne and what is their personal views on the Fitzroy suburb? What are some risks associated with investing there?

Thanks very much and have a lovely day!

Anita

Hey Anita,

While some property speculators may like Melbourne and suburbs, I will have to disagree with Fitzroy being an attractive investment area. The housing supply in Melbourne is high and the population is not growing very rapidly so personally I would stay away and turn my eyes to Sydney and suburbs.

Regards,

Bernie