What are the best areas for property investment in 2023?
Heading into 2023, one of the biggest questions we’ve been asked is what the local trends are for Mount Beauty’s real estate market.
It’s no surprise that Mount Beauty, like many regional Victorian towns, has witnessed strong demand for both sales and rental properties over the last two to three years.
According to Open Agent, median property prices in the Alpine Shire have increased by an incredible. 92.1 per cent in the past five years (Dec 2022).
The really great news is that the Alpine region continues to dominate as one of the best areas in Victoria for property investment.
Believe it or not, Alpine was one of ten council areas in the state that posted double-digit rent rises last year. In fact, having over 13% growth placed it second on the list.
You can read more of the detail in the latest Domain Rent Report for the December quarter here:
Looking ahead, while the breakneck speed of growth has started to slow, strong rental prices continue due to a mismatch in supply and demand.
This is ideal for those seeking their next investment property in Mount Beauty and surrounds.