WHO'S NEXT DOOR
With a large number of students and office workers calling Melbourne home, the population is a globally diverse and transient one and the locals are decidedly young and outgoing.
With a number of university and college campuses in the area, combined with Melbourne’s position as a business and financial centre, demand for the convenience of centrally located leased apartments is constant.
Every Melburnian will tell you, their town is the cultural capital of Australia. Life in the CBD offers a never-ending supply of cool bars, high-end shopping and low-brow laneways, world-class food, galleries, theatre and energetic nightlife.
The vibe is busy, always changing and round the clock. Most weekends Federation Square is the packed social hub, home to many events and festivals throughout the year.
Entertainment is a big drawcard not only for city-dwellers but for visitors, swelling the CBD’s numbers with interstate and international travellers.
THE NUMBER GAME
From both an investment and owner-occupier perspective, buying in the heart of the world’s most liveable city is remarkably affordable. A one bedroom apartment will cost around $450,000. The rent for a similar apartment sits at around $530.
Whilst there has been a large amount of apartment construction in Melbourne’s CBD over the past couple of years with more on the way, demand remains, with Melbourne’s population predicted to almost double within the next ten years.