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Are you considering buying an investment property in Melbourne but unsure about where to start?

When it comes to buying an investment property, it's important to act strategically, and formulate a plan of attack. That's because, an investment property is a long-term commitment. If you're new to property investing it's important to seek sound investment property advice before you begin searching for an investment property in Melbourne.

There are many benefits to buying an investment property and with the correct research and professional advice you can purchase a property that will provide you with strong long-term capital growth.

While the property market in Melbourne has experienced exceptional growth in recent years, not all property types and locations have grown at the same rate. There are some things you should know about investment property in Melbourne before getting started.

Factors to consider before investing:

  • The inner Melbourne housing market has performed well in recent years: The median Melbourne property value increased by more than 50 per cent in the five years to June 2011, with an average growth of 9.95 per cent per annum.
  • Victoria's population has increased significantly in recent years and is expected to continue to trend upwards. This, along with the present shortage of residential houses means pressure will remain on the prices of residential investment property in Melbourne.
  • It is important to attend property inspections and auctions before purchasing an investment property in Melbourne in order to get to know the amenities and the style of housing in the area in which you are looking.
  • When deciding if an investment property in Melbourne is right for you, take stock of your own financial circumstances. Every person's financial situation is different and it is important to know what you can afford and then buy the best investment-grade property that suits your budget.
  • Before you buy a Melbourne investment property, consider all the facts and seek professional advice such as those of a property adviser. This is a stable investment vehicle that is underpinned by strong demand but it requires a certain level of research and investigation that shouldn't be ignored.

When deciding if an investment property in Melbourne is right for you, the best and first indicator should be your own financial circumstances. Every person's financial situation is different and it is important to know what you can afford and then buy the best investment-grade property that suits your budget.

An investment property in Melbourne is a stable investment vehicle that is underpinned by strong demand but it does require a certain level of research and investigation from teh outset. Before you buy an investment property in Melbourne consider all the facts and seek professional advice.