The perfect time to invest in Victorian real estate.

The Victorian real estate market presents a wealth of opportunities for astute investors, making it an ideal moment to secure a stake in one of Australia’s most promising property landscapes. Despite broader economic challenges, data from industry leaders like CoreLogic, realestate.com.au (REA), and Domain reveal a market poised for long-term growth and significant returns.

Victoria’s property market has demonstrated remarkable resilience, even amid fluctuating economic conditions. According to CoreLogic’s latest Home Value Index, Melbourne property values experienced a modest recovery in 2024, growing by 2.9% over the past 12 months. This stability underscores the enduring appeal of Victorian real estate, driven by robust demand and limited supply in key suburbs.

A standout feature of the Victorian market is its rental performance. With vacancy rates hovering around a historic low of 1.5%, according to Domain’s Rental Report, landlords are enjoying rising rental yields. The median weekly rent for a Melbourne house climbed by 8.3% in the last year, with apartments experiencing even greater growth at 12.6%. These statistics make investment properties in Victoria particularly lucrative, especially in high-demand areas like inner-city Melbourne, Geelong, and Ballarat.

Beyond Melbourne, regional Victoria continues to gain traction as a hotspot for investors. Suburbs in growth corridors, such as Cranbourne, Pakenham, and Bendigo, offer affordable entry points and promising capital growth. These areas benefit from significant infrastructure investments, including new transport links and community amenities, enhancing their attractiveness to tenants and buyers alike. According to REA, regional Victoria recorded an impressive 4.3% annual growth in median property prices, presenting appealing prospects for investors seeking higher yields and future growth.

Focusing on specific regional areas:

  • Wangaratta: The median house price stands at $515,000, with a median rent of $430 per week, resulting in a gross rental yield of 4.3%.
  • Wodonga: Houses have a median price of $547,000, with a median rent of $470 per week, yielding a gross rental return of 4.5%.
  • Bairnsdale: While specific figures are not provided, Bairnsdale has been identified as one of the regional areas experiencing significant rental demand, indicating strong investment potential.
  • Alexandra:The median house price in Alexandra is $480,000, with a median weekly rent of $400, providing an attractive gross rental yield of 4.3%.

The Victorian government continues to support property investors with initiatives designed to stimulate the market. Recent reforms, such as changes to stamp duty concessions and incentives for first-time investors, lower the barriers to entry. Moreover, with interest rates stabilising, the borrowing environment has become more predictable, instilling confidence in buyers.

Take Advantage of the Summer Select Campaign

For those ready to act, OBrien Real Estate’s Summer Select Campaign offers an unmissable opportunity. This Boxing Day, we will be launching hundreds of properties to the market, giving buyers a head start in securing their ideal investment before competition heats up in the new year. The Summer Select Campaign is your chance to explore a wide range of properties across Victoria.

By taking advantage of this campaign, investors can position themselves ahead of the pack, snapping up high-yield properties and capitalising on the market’s current momentum. With options spanning metropolitan Melbourne and regional hotspots like Wangaratta, Wodonga, and Bairnsdale and Alexandra, there’s no better time to start or expand your property portfolio.

Timing is critical in real estate, and the current market dynamics make this a golden opportunity to invest in Victoria. As affordability improves and competition intensifies, entering the market now allows investors to capitalise on rising rental yields, promising capital growth, and a stabilised economic environment. Historical trends and expert predictions suggest Victorian property prices will continue to climb.

Investing in Victorian real estate is not just about securing a property—it’s about building wealth, achieving financial stability, and capitalising on one of Australia’s most dynamic markets. With robust data from CoreLogic, REA, and Domain underscoring the market’s potential, and the Summer Select Campaign offering exclusive access to new listings, now is the perfect time to act. As the saying goes, “The best time to invest in property was yesterday. The second-best time is today.”

For more information or to arrange a zero-obligation appraisal, speak to one of our friendly team today.