A recent market update featured in the Herald Sun has shed light on the investment hotspot of Wollert, highlighting it as one of the prime locations for investors seeking impressive rental returns relative to the purchase price.
According to analysis conducted by Ray White, “The CBD has gone from oversupplied to in demand as the rental crisis drives rents for sky homes sky high, and new analysis shows it could be enough for a property to pay for itself.”
“Research showed those buying a house as an investment couldn’t quite manage the same feat, but would come closest in areas including Wollert, Donnybrook and Melton South.”
The rental crisis in Melbourne has propelled rental prices to unprecedented levels, making it increasingly challenging for landlords to secure properties that not only generate consistent rental income but also have the potential to cover their own costs. However, in Wollert, investors are finding a rare opportunity where their property investment could practically pay for itself.
More: Want a home that pays for itself? Melbourne investor hotspots with highest rental yields revealed
Source of information: Herald Sun
The Patch, Wollert offers a unique blend of affordability and growth potential, making it an attractive choice for savvy investors and first-time buyers.
Premium land and townhomes now selling at The Patch, Wollert. Contact Amit on 1300 287 901 or via thepatchwollert@jinding.com.au today.