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As part of Victoria’s plan to reduce emissions, improve liveability, and lower energy bills for renters, the state government has introduced a new suite of energy efficiency standards for rental properties. These changes are set to roll out progressively from 1 March 2027 , giving landlords time to prepare, upgrade, and stay compliant. This guide by CORE ELITE REAL ESTATE outlines what landlords need to know — including key dates, mandatory upgrades, exemptions, and financial support. Modern reverse-cycle air conditioner installed in a rental living room to meet Victoria’s energy efficiency standards. 🔹 Key Dates for Compliance From 1 March 2027  - Heating & Hot Water : When existing systems reach the end of life, they must be replaced  with energy-efficient electric models (e.g., heat pumps). - Cooling : At the start of a new lease or when switching to periodic, landlords must install fixed energy-efficient cooling  in the main living area. - Ceiling Insulation : Must be installed where none exists, achieving at least R-value 5.0 . - Shower Heads : All shower heads must be upgraded to 4-star WELS-rated . From 1 July 2027  - Draughtproofing : Landlords must seal external doors, windows, and wall vents to prevent energy loss. From 1 July 2030  - Cooling (all leases) : All rental properties — regardless of lease status — must have efficient fixed cooling  in the main living area. Professional draughtproofing applied to window frames in a rental unit to reduce heat loss and improve comfort. 🔋 What Landlords Must Install Heating & Cooling  - Energy-efficient reverse-cycle split systems  are preferred, as they meet both heating and cooling requirements. - Gas heating and hot water units must be replaced with electric alternatives when they fail. Ceiling Insulation  - Minimum R 5.0 thermal resistance where none exists. - Must be installed by a qualified professional. Showerheads  - All must be 4-star water efficiency rated  under the WELS scheme. Draughtproofing  - Use seals or weatherstrips to close gaps in windows and doors. - Unused vents must be blocked — except where ventilation is required for gas appliance safety. Certified ceiling insulation being installed in an older rental property to achieve R5.0 thermal resistance. ⚠️ Exemptions Some properties may qualify for exemption if: - The landlord has no legal access to install (e.g., apartments with common ceilings). - Physical constraints or heritage overlays  prevent installations. - Upgrades are prohibitively costly  due to electrical or structural requirements. - A central building system  already provides heating/cooling/hot water. Landlords must retain documentation proving why an exemption applies. 💵 Penalties for Non-Compliance Fines  of up to ~$11,000 (individuals) or higher for companies. enants may terminate  the lease within 14 days if standards aren’t met. VCAT can order urgent repairs or compensation. 4-star WELS-rated showerhead reducing water and energy usage in a Victorian rental bathroom. 🚚 Government Rebates & Support Victorian Energy Upgrades (VEU) : Discounts on efficient appliances (cooling, hot water, insulation, draught sealing). Solar for Rentals Program : Rebates up to $1,400 plus interest-free loans. Certificates & Depreciation : Installation costs may be tax-deductible over time. 🔍 CORE ELITE Tips for Landlords Audit your property  before 2027 to assess what needs upgrading. Use accredited tradespeople  for installation. Communicate with tenants  — compliance benefits them too. Keep documentation  of every upgrade or exemption. We recommend acting early to avoid last-minute pressure. Energy-efficient homes are not only compliant but also more attractive to tenants and buyers. References: Consumer Affairs Victoria: www.consumer.vic.gov.au Victorian Energy Upgrades: www.energy.vic.gov.au Solar for Rentals Program: www.solar.vic.gov.au/solar-rentals Disclaimer This article is for general information purposes only and is not legal or financial advice. Landlords should consult relevant professionals (solicitor, property manager, tax advisor) before making decisions related to property compliance. Regulations are subject to change; refer to official government websites for the most accurate and current information.

Perfectly positioned in Melbourne’s booming northern corridor, this brand-new release combines lifestyle convenience, smart design, and unbeatable affordability for both investors and first home buyers. Now Selling in Wollert | Double-Storey Townhomes from just $515,000!  Perfectly positioned in Melbourne’s booming northern corridor, this brand-new release combines lifestyle convenience, smart design, and unbeatable affordability for both investors and first home buyers. Artist impression of future retail village at The Patch – showcasing cafés, community space and outdoor dining 📍  Prime Location · Connected, Green & Growing Located in Wollert , just 25km from Melbourne CBD (approx. 35-minute drive) Situated in the heart of The Patch Estate , featuring: • A 9,000 sqm major town centre  (10-min walk): with supermarkets, cafés, medical, and retail • A 2,200 sqm neighbourhood hub  with boutique shops and everyday essentials • Over 6 hectares of landscaped parklands , with 3 full-size soccer fields, fitness trails & play zones • 12 hectares reserved for a future government P–12 school  – all within walking distance The Patch masterplan map – highlighting Stage 9 along Majorelle Boulevard, with schools, open space and village centre Close to everyday convenience: • Aurora Town Centre  (Coles, Aldi, cafés, specialty stores) Top schools nearby : • Edgars Creek Primary & Secondary ~3km • Wollert Primary ~2.8km • Harvest Home Primary ~4.4km Healthcare facilities within minutes : • Epping Private Hospital ~9 mins • The Northern Hospital ~14 mins Map showing The Patch Estate’s location in Wollert with proximity to Epping, Craigieburn, schools, shopping centres, and hospitals Excellent transport links : Close to Epping Road, Hume Freeway & Metropolitan Ring Rd Future Wollert Train Station planned to further enhance connectivity 🏡  Home Options · Stylish Living for Every Need Street-scale view of modern double-storey townhouses at The Patch Estate, showcasing brick and timber facade design 🔹  Lot 955 | Practical 2-Bedroom Townhome | from $515,000 • Land size: 127 sqm | Build size: 121 sqm (approx. 13 squares) • Layout: 2 bedrooms, 2.5 bathrooms, 1 garage • Ideal for investors, downsizers, couples, or first home buyers Lot 955 – 2-bedroom, 2.5-bathroom townhouse floor plan and external facade in Wollert, The Patch Estate 🔹  Lot 956 | Spacious 4-Bedroom Family Home • Land size: 170 sqm | Build size: 166 sqm (approx. 17.9 squares) • Layout: 4 bedrooms, 3 bathrooms, 2-car garage + dedicated study • Great for growing families or those working from home Lot 956 – 4-bedroom, 3-bathroom townhouse with study, full floor plan and facade render in The Patch, Wollert 🌟  Inclusions Across All Homes: • Timber-look laminate flooring to kitchen, living & meals • Stone-look porcelain tiles in wet areas • 20mm stone benchtops throughout • European-style 600mm appliances • LED downlights (excluding garage) • Electric panel heaters to bedrooms + split system in living • Roller blinds to bedrooms, living and kitchen (where applicable) *The Display homes built with upgrades 💼  Why This is a Smart Buy – For Investors & First Home Buyers ✅  For Investors: • Located in one of Australia’s fastest-growing corridors  – population already over 33,500 (2024) • Median house price  in Wollert: $680,000 – with 8.88% growth in just 3 years • Strong rental demand driven by proximity to Merrifield Business Park  (25,000+ job opportunities) • Low entry point with high ROI potential – from just $515,000 for a 2-bed home *The Display homes built with upgrades 🏠  For First Home Buyers: • Homes under $600,000 qualify for full stamp duty exemption  in Victoria • Eligible for First Home Owner Grant  (up to $10,000 for new builds) • Split-contract structure  (land first, then build) allows for more flexible cash flow 🏡  Book Your Display Home Tour Today Display home now open for inspection – come see the quality finishes and smart layouts in person. Secure your future from just $515,000 – limited lots available!

In Part 1 of this series , we explored three standout investment suburbs in Melbourne’s west and north — Melton , Coolaroo , and Werribee  — each offering a compelling combination of affordability, rental demand, and long-term capital growth. But Melbourne’s property investment story doesn’t stop there. As Melbourne’s population continues to expand, so too does opportunity — and some of the most exciting investment potential in 2025 is now emerging in the southeast growth corridors  and inner-west gentrification zones . In this second part, we shift focus to: Cranbourne  – a thriving hub in Melbourne’s booming southeast with major infrastructure and family appeal; Sunshine West  – a rising star in the inner-west, set to benefit from the multi-billion-dollar Melbourne Airport Rail and Sunshine Superhub; Frankston  – a bayside suburb undergoing transformation, blending coastal lifestyle with investment value. Each of these suburbs offers a different angle — from lifestyle-led growth to infrastructure-fuelled uplift — but all share the fundamentals that smart investors seek in 2025: tight rental markets, livability, connectivity, and long-term upside . Let’s take a closer look. Cranbourne (South-East Melbourne) – Fast-Growing Southeast Hub with High Rental Appeal Key metrics:   Median house price:  ~$665,000; Median unit price:  ~$480,000; Rental yields:  ~4.1% (houses) and ~5.4% (units); Vacancy rate:  ~1.4% . Cranbourne, located about 50 km south-east of the CBD , has transformed into a bustling hub in Melbourne’s south-east growth corridor. Once on the fringe, it’s now a focal point for new housing estates and infrastructure. The median house price is around mid-$600k, reflecting solid growth in recent years yet still relatively affordable for many buyers in 2025. Rental yields are healthy – roughly 4.1% for houses, and notably 5.4% for units  , indicating units in the area are in demand by renters. The vacancy rate is only ~1.4%  , which underscores the high tenant demand  in Cranbourne; properties don’t stay empty for long in this suburb. Royal Botanical Garden next to Cranbourne Why it’s growing:  Cranbourne offers a compelling mix of features that drive both owner-occupier and renter demand . It has a large number of new residential developments, which attract young families and investors. These estates often come with modern amenities and larger homes at prices far below inner Melbourne. As a result, Cranbourne has seen strong population growth, feeding into local shopping, schools, and community infrastructure. It’s a suburb that combines some capital growth momentum  (as it transitions from semi-rural to fully suburban) with attractive yields, making it a dual-benefit location. Amenities and infrastructure:  The suburb (and its surrounding offshoots like Cranbourne East/West) hosts multiple schools, a major shopping centre (Cranbourne Park Shopping Centre) , and sports facilities (including the Cranbourne Racecourse and Casey Fields sporting complex). Cranbourne also has a train line  – it’s the terminus of the suburban Cranbourne line, which was recently duplicated to increase service frequency. The completion of the Cranbourne rail line duplication and associated level-crossing removals improved connectivity to central Melbourne (the new Metro Tunnel opening in 2025 will further enhance train services on this line). By road, Cranbourne connects via the South Gippsland Highway and is a short drive to the Monash Freeway, giving access to the city and other job hubs in the southeast. This infrastructure backbone is a major advantage. Another growth driver is proximity to employment nodes: Cranbourne is within commuting range of the Dandenong South industrial zone and has emerging business parks of its own. Additionally, ongoing plans like the eventual extension of the rail line further to Clyde (in the longer-term pipeline) and new road upgrades (e.g., Thompsons Road and Hallam Road enhancements) signal continued investment in this corridor. Cranbourne Park Shopping Centre in the City of Casey, a major retail hub for the southeast corridor Outlook:  Cranbourne’s trajectory is one of continued expansion and solid returns . For investors, it provides exposure to a high-growth population area with the benefit of immediate rental income (thanks to low vacancies and strong yields). As the suburb matures, land values should rise – indeed, even through the market’s recent ups and downs, Cranbourne has maintained growth, and demand remains robust. The tight rental market (vacancy ~1.4% ) suggests rents will keep climbing, supporting future yield. With the Casey region’s development in full swing, Cranbourne is likely to remain one of Melbourne’s best affordable investment suburbs  for years to come. It’s a prime example of a suburb where capital growth and rental appeal intersect . Sunshine West (Western Melbourne) – Inner-West Value with Improving Connectivity Key metrics:   Median house price:  ~$675,500; Median unit price:  ~$600,000; Rental yields:  ~3.7% (houses) and ~4.7% (units); Vacancy rate:  ~1.3% . Sunshine West is an inner-western suburb just 14 km from Melbourne’s CBD , offering significantly more house for your money compared to the inner north or east. It provides inner-suburban access at a lower price point  , which is a big draw for both investors and renters. With a median house price in the high $600k’s, it’s relatively affordable given the location. Rental yields are fair at ~3.7% for houses, and quite good at ~4.7% for units . The vacancy rate around 1.3%  is very low, signaling consistently strong rental demand in the area . This tight vacancy can be attributed to Sunshine West’s proximity to transport links and jobs – tenants find it a convenient place to live, and investors rarely face long vacancy periods. H.V. McKay Memorial Gardens in Sunshine West, a heritage-listed urban parkland featuring public art and landscaped design Local highlights:  Sunshine West benefits from the spillover growth of the broader Sunshine area. While Sunshine (the adjacent suburb) is a well-known hub, Sunshine West has more of the traditional residential streets and some industrial precincts. The community here is diverse and growing, with many young families and immigrants choosing the area for its combination of commutability and community . It has numerous schools, local shopping strips, and parks. Crucially, residents of Sunshine West have easy access to major employment centers : the CBD is a short drive or train ride, the Sunshine town center  (with its shopping plaza, restaurants, and soon-to-expand facilities) is next door, and the industrial/employment zones of the west (like in Brooklyn, Laverton North) are within quick reach via the highway. Transportation and infrastructure:  As an inner-west locale, Sunshine West is very well connected. It sits near the junction of the Western Ring Road (M80)  and the West Gate Freeway , granting it superb road connectivity north-south and east-west. The Western Ring Road links the suburb to Melbourne’s northern suburbs and airport, while the West Gate (and soon the West Gate Tunnel) links it to the city and Port. This connectivity is a key reason the vacancy rate is low – many people working around Melbourne find Sunshine West centrally located. Public transport is also accessible: Sunshine West is served by Sunshine train station (a major rail hub) just a short drive or bus ride away, as well as Tottenham station to the east for some residents. Looking ahead, Sunshine is earmarked as a major transport super-hub . The planned Melbourne Airport Rail  (under construction) will route through Sunshine, turning it into a key interchange for regional, airport, and metro lines . This project, alongside the longer-term Suburban Rail Loop  plans, essentially positions the Sunshine area as the “Southern Cross of the West.” For Sunshine West, that means property value uplift  can be anticipated as these projects materialize – effectively, this suburb will be next to one of the most connected stations in Victoria. Furthermore, the government’s focus on developing Sunshine as a CBD-alternative (with new offices, education facilities, etc.) will likely bring more jobs and amenities to the region over time. All these improvements strengthen the case for Sunshine West as a strategic investment. Official map of Victoria’s Suburban Rail Loop showing SRL East, SRL North, and SRL Airport lines across Melbourne Outlook:  Sunshine West presents as an undervalued inner-ring suburb  with significant upside. Its current affordability relative to its distance from the city is a fundamental value proposition. The area already enjoys consistent rental demand  (vacancy ~1.3% ) and is starting to see increased interest from both homebuyers and investors who are getting priced out of suburbs closer to the city. Over the next decade, as major infrastructure comes online, Sunshine West properties could appreciate notably. In the short term, investors can count on stable rents and the knowledge that they own in a location with improving prospects. It’s a classic case of buying in the path of progress : the inner west is a development focal point, and Sunshine West stands to reap the rewards, making it one of Melbourne’s best suburbs for property investment in 2025. Frankston (South-East Bayside) – Bayside Affordability with Growth and Revitalization Key metrics:   Median house price:  ~$730,000; Median unit price:  ~$527,500; Rental yields:  ~3.2% (houses) and ~4.1% (units); Vacancy rate:  ~1.2% . Frankston is a well-established suburb 53 km south-east of Melbourne , known as the gateway to the Mornington Peninsula. It offers a coastal lifestyle at a fraction of the price  of suburbs closer to the CBD or inner bayside locales. Over the past year, Frankston’s house prices saw a slight dip (~1.1% down), now around $730k median, while units actually climbed ~7.1% . This indicates strong demand in the more affordable unit segment, likely driven by both first-time buyers and investors. Rental yields in Frankston are modest for houses (~3.2%) and decent for units (~4%+) , but what stands out is the extremely low vacancy rate of ~1.2%  . Rental supply is very tight in this area, reflecting its popularity with tenants who value proximity to the beach, schools, and public transport. Essentially, nearly all available rentals are snapped up – a positive sign for landlords. Frankston Arts Centre illuminated at sunset, a cultural landmark in Melbourne’s bayside suburb Investment appeal:  Frankston hits a sweet spot by combining lifestyle and affordability . It’s rare to find a suburb with a beachfront, train line to the city, and a full-suite of infrastructure with a median house price around the low-to-mid $700k’s in Melbourne. This makes Frankston attractive not only to investors but also to a lot of owner-occupiers (including downsizers and families), which underpins capital growth. The minor correction in house prices over the last year presents a window for investors to buy in below peak values , before the next upswing gathers pace. Indeed, the pocket of Karingal in Frankston has been highlighted by buyers’ agents as “one to watch”  for its strong amenities and connectivity . As a part of Frankston, Karingal’s success exemplifies the broader opportunity in the area – good schools, freeway access (EastLink/Mornington Peninsula Freeway), and shopping (Karingal Hub, Bayside Centre) are all driving renewed interest. Infrastructure and growth:  Frankston has undergone significant improvements and has more on the way. The Frankston Station precinct  was upgraded in recent years, making the commute to Melbourne (just over an hour by train) more pleasant and secure. There’s a long-term plan to extend the suburban rail beyond Frankston to the Peninsula in the future, which, if realized, would further cement Frankston’s status as a transport hub. Road access is excellent: it’s the terminus of the Peninsula Link freeway and connects to EastLink, so driving to Melbourne’s eastern suburbs or the city is straightforward. A standout development is the $1.1 billion Frankston Hospital redevelopment , the largest health infrastructure investment in Melbourne’s south-east, due to be completed by end of 2025  . This project will add a 12-storey tower, hundreds of beds, new surgical and maternity facilities, and more. The expanded hospital will not only provide better healthcare to the region but also boost local employment (during construction and ongoing). Such a significant project can be a game-changer for the suburb’s profile , attracting medical professionals and related services to the area, and generally increasing demand for housing. Additionally, Frankston’s city centre has been earmarked for revitalization with various council-led improvements to make it more pedestrian-friendly and encourage new businesses. $1.1 billion Frankston Hospital redevelopment Outlook:  Frankston is often described as a “city within a city”  – it has its own CBD, beach, and institutions – and it stands to benefit from both metropolitan growth and local developments. The combination of bayside living, improved infrastructure, and relative affordability  suggests a strong long-term capital growth trajectory. Investors in 2025 can leverage the current market softness (where houses are slightly down from their peak ) to secure property in a high-demand area. With rental vacancies at just ~1.2% , holding costs are mitigated by continuous rental income, and there’s potential to lift rents given the tight supply. As Melbourne’s population continues to expand and push outwards, suburbs like Frankston – which offer lifestyle without the inner-city price tag – are primed to thrive. It remains one of Melbourne’s top investment suburbs  in 2025 for those seeking a blend of steady growth and livability. Melbourne’s property landscape in 2025 presents a promising horizon for investors, especially in the affordable, high-growth suburbs  profiled above. To recap, areas like Melton, Coolaroo, Werribee, Cranbourne, Sunshine West, and Frankston  offer a compelling mix of value and upside . These suburbs share common strengths: entry prices well below Melbourne’s inner-city levels, strong rental yields  supported by tight vacancies, and catalytic factors (population growth, infrastructure projects, or unique location advantages) that position them for above-average capital growth  in the coming years. For strategic investors, the key is to align opportunities with your portfolio goals: Balance Yield and Growth:  The suburbs highlighted can deliver a healthy rental income (some even approaching neutral or positive cash flow) and  the potential for significant capital appreciation. This balance is ideal for building sustainable wealth – you can service the investment while awaiting growth. For instance, an investor might choose a higher-yield suburb like Coolaroo or Werribee units for cash flow, or a growth-focused pick like Frankston for capital gains – or a combination to balance the portfolio. Leverage Infrastructure Timing:  With Melbourne undergoing transformative infrastructure upgrades (transport tunnels, new hospitals, rail lines, etc.), timing your entry before project completion can yield dividends. The West Gate Tunnel, Airport Rail/Sunshine upgrade, and major health/education projects  are all slated to complete or progress in the mid-2020s. Buying in nearby suburbs ahead of these completions  allows you to ride the wave of buyer demand that often follows once benefits are realized. Keep an eye on project timelines and government announcements – they can signal the next “boom” precincts. Due Diligence on Fundamentals:  Even in these top picks, smart investors will drill down into micro-factors. Examine each suburb’s microlocation  – e.g. proximity to schools, transport nodes, and employment hubs within the suburb – as this can affect tenant appeal and resale value. Look at recent sales trends and supply pipelines (are there many new developments that could flood the rental market, or is supply constrained?). In all the listed suburbs, supply is being absorbed by strong demand, but staying informed on local planning is part of a prudent strategy. Long-Term Perspective:  While 2025 is shaping up to be a year of recovery and growth for Melbourne, property investment is inherently a long-term game. Each of these suburbs has a long-range growth story (some over the next 5–10 years, with population doubling or major infrastructure coming). Investors should be prepared to hold for that horizon to fully capitalize on capital growth, all while enjoying interim rental returns. Short-term fluctuations (interest rate changes, economic shifts) will occur, but the strategic fundamentals  of these locations suggest they can weather those and emerge stronger. Melbourne’s affordable growth suburbs  provide fertile ground for professional investors in 2025. By focusing on data-driven criteria – affordability, capital growth potential , rental yield  performance, infrastructure, and vacancy rates  – we’ve identified several suburbs that tick all the boxes. These areas are already demonstrating resilience and upside, supported by factual market data (e.g. low vacancies around 1% and rising demand  ) and by on-the-ground improvements that enhance their desirability. Investors who add one or more of these locations to their portfolio can position themselves ahead of the curve as Melbourne’s property cycle upswing gains momentum. Of course, it’s wise to consult local market experts and consider your own financial situation – but the overarching trends suggest that Melbourne property investment  in 2025, when directed at the right suburbs, could yield excellent results. By being strategic and focusing on suburbs that balance affordability with growth , you’ll be tapping into the very markets set to lead Melbourne’s next chapter of property expansion. Keep watching the metrics, stay updated on new developments, and you’ll be well-equipped to make the most of these opportunities in Melbourne’s property market. Happy investing in 2025! 📲 And don’t forget to follow us on Instagram  for ongoing property updates, suburb highlights, and behind-the-scenes market insights. Sources Craig Gibson, “10 Most Affordable Suburbs in Melbourne for Property Investment in 2025,”  OpenAgent – Market data and suburb insights (median prices, yields, vacancy rates) for Melbourne suburbs, updated April 15, 2025    Hotspotting Price Predictor Index  via Realestate.com.au  News – Melbourne’s market outlook for 2025, noting 63% of suburbs on upward trend and affordable “battler” suburbs tipped for growth (Terry Ryder commentary),  May 3, 2025   Quantum Buyers Agents, “Affordable Suburbs Melbourne 2025 for First-Time Investors,”  Apr 23, 2025 – CoreLogic data on outer suburb price growth (2023–2025) and list of top affordable picks (including Melton, Werribee, Cranbourne), with median prices and yields    Victoria’s Big Build – Sunshine Superhub (Melbourne Airport Rail)  – Project overview stating Sunshine upgrades enabling airport rail and future Melton line electrification (infrastructure boost for western suburbs)    Transurban, West Gate Tunnel Project (Melbourne)  – Key benefits of the new tunnel (opening 2025) including up to 20 min reduced travel time from the western suburbs, improving connectivity for areas like Werribee and Melton   Peninsula Health, Frankston Hospital Redevelopment  – Details on the $1.1B upgrade (completion 2025) adding capacity and services, the largest health investment in Melbourne’s south-east, bolstering Frankston’s infrastructure    Disclaimer: The information provided in this article is for general informational purposes only and does not constitute financial, legal, or investment advice. While every effort has been made to ensure the accuracy and reliability of the data presented (including property prices, rental yields, and infrastructure details), no guarantees are given regarding its completeness or current validity. Real estate market conditions, government policies, and infrastructure timelines are subject to change and may affect investment outcomes. Readers are strongly advised to conduct their own independent research and seek advice from licensed financial advisors, property professionals, or legal experts before making any investment decisions. Core Elite Real Estate and the author(s) of this article disclaim all liability for any loss or damage arising directly or indirectly from the use or reliance on the information provided herein.

Melbourne’s property market is primed for investors in 2025 , with a broad-based recovery underway after a period of correction. Almost two-thirds of Melbourne suburbs are now on an upward trajectory, making it one of Australia’s top regions poised for growth . What’s driving this surge is a combination of affordability, rising demand, and infrastructure upgrades . Melbourne property investment opportunities in 2025 are especially attractive in suburbs that balance affordable entry prices  with strong capital growth potential . After a slight downturn in 2022–2023, Melbourne’s median values have stabilized, creating buying opportunities. As of early 2025, the city’s median house price sits around $918,000  (with units about $607,000 ), a few percent below the last peak . This relative value, especially compared to Sydney, has drawn investor attention. Moreover, interest rates  – which had tempered buying power – are expected to plateau or ease, improving buyer confidence . At the same time, rental demand is surging  due to low supply and high migration, pushing Melbourne rental yields upward in many affordable suburbs. In fact, recent CoreLogic data shows lower-priced outer-ring suburbs outperformed the top end of the market, with some affordable areas seeing price increases up to 11% from 2023 to 2025  . Investors who know where to look can capitalize on tight rental vacancies  and future growth drivers. In this article, we profile Melbourne’s best suburbs for property investment in 2025  that offer affordability   and   strong growth potential . We’ll start with the key criteria that informed these picks – factors like pricing, capital growth  indicators, rental yields , infrastructure projects, and vacancy rates . Then we’ll dive into profiles of six standout suburbs (Melton, Coolaroo, Werribee, Cranbourne, Sunshine West, and Frankston), each combining budget-friendly prices with promising prospects. These affordable suburbs in Melbourne 2025  are attracting astute investors and could lead the pack in capital growth. Whether you’re a seasoned property investor or looking to expand your portfolio, these insights will help you understand why these areas are trending. Let’s explore what makes them the top investment suburbs in Melbourne  this year. Key Selection Criteria for Top-Performing Suburbs in 2025 Professional investors use a data-driven approach  to identify high-potential suburbs. In 2025, the following criteria are crucial for pinpointing the capital growth suburbs Melbourne  has to offer: Affordability:  Target areas with median entry prices below the Melbourne median (around $900k for houses). Lower price points often mean room for growth and easier entry for investors. All our recommended suburbs have house medians well under the city average (many under $700k), making them affordable suburbs in Melbourne 2025  that still deliver quality location and amenities . Affordability broadens your buyer/renter pool and can lead to higher relative demand. Capital Growth Potential:  Look at growth trends and forecasts . We favor suburbs in growth corridors or gentrifying areas with a history of steady appreciation or a catalyst for future rises. Key signals include rising sales volumes (often a precursor to price growth) and population growth well above average. For example, outer “battler” suburbs have seen a surge in buying activity and are tipped for “supercharged”  price increases in the near term . Additionally, projections like a near 4% annual population growth in Melton (versus ~1% national)  point to sustained housing demand over the long term . Strong Rental Yields:   Melbourne rental yield  figures are critical for cash flow. We identify suburbs with above-average rental returns – often around 4–5% or higher gross yield – indicating that rents are high relative to purchase price. This not only improves holding income but also signals tenant demand. Many of Melbourne’s affordable investment suburbs boast house rental yields of ~4%+ and even higher yields (5%+) for units  . Such healthy yields mean the properties can better cover their costs while you wait for capital growth. Infrastructure and Amenities:  Infrastructure investment is a growth catalyst . We target areas benefiting from current or planned projects – new transport links, freeway upgrades, hospitals, schools, shopping centers – which enhance connectivity and livability. Good examples include the West Gate Tunnel  (due late 2025) set to cut travel times from the western suburbs by up to 20 minutes , the massive Melbourne Airport Rail / Sunshine “Superhub”  project kicking off (transforming Sunshine into a transport nexus and paving the way for electrified trains to Melton ), and major health facilities expansions (e.g. the $1.1B Frankston Hospital redevelopment  completing in 2025  ). Suburbs with improved infrastructure often see uplift in property values  as commute times drop and local jobs and services grow. Low Vacancy Rates:   Vacancy rate  is the percentage of rental properties vacant – a key measure of rental demand. Low vacancies (around 2% or below) indicate strong demand, which supports rent growth and investor interest. All our chosen suburbs have very tight rental markets, with current vacancy rates typically in the 1–2%  range   – in many cases around 1%, reflecting extremely  high tenant competition (a landlord’s market). This means investors can expect quick tenanting and potential for rent increases, further boosting yields. It also often precedes price growth, as renters eventually turn into buyers in high-demand areas. By focusing on these criteria – affordability, growth prospects, rental yield, infrastructure , and vacancy rates  – we ensure the suburbs highlighted below are well-rounded opportunities . They offer a balance of immediate rental returns and long-term capital growth drivers, making them ideal targets for Melbourne property investment in 2025. Melbourne’s Top Affordable Suburbs for Capital Growth (2025) Part 1 Below we profile six Melbourne suburbs that stand out in 2024–2025 for their combination of affordable entry price and strong investment fundamentals . Each profile includes key market data (median prices, yields, recent trends) and the factors that make the suburb a growth contender. These suburbs – from the west, north, and south-east of Melbourne – are drawing attention for good reason. Melton (Western Melbourne) – Rapid Growth Corridor with Steady Returns Key metrics:   Median house price:  ~$470,000; Rental yield:  ~4.5% for houses (5.0% for units); Vacancy rate:  ~2.6%  . (Data as of early 2025.) Melton is a metro-fringe suburb 43 km west of the CBD , and it’s one of Melbourne’s most affordable growth areas. Despite its low median price, Melton offers solid rental returns – houses yield around 4.5%, and units about 5%, which is among the highest combined rental yields in Victoria  . This means investors can achieve positive cash flow  or close to it, a rarity in metro markets. The slightly higher vacancy rate (~2.6%) compared to some other picks is still low in absolute terms and reflects moderate rental demand that’s steadily improving. Aerial view of modern residential apartments and sports facilities in Melton, Melbourne’s western growth area Capital growth drivers:  Melton sits in a rapidly-growing corridor  with significant population increases and development. The suburb’s population has boomed, adding over 70,000 residents in the last decade , and growth is forecast at nearly 4% per year  – almost 4× the national average . At that pace, Melton’s population is expected to double by 2046 , indicating sustained housing demand on the horizon. This growth is underpinned by Melton’s affordability (attracting young families and first-home buyers) and its expanding amenities. Infrastructure and projects:  Melton has direct rail access  to Melbourne (via the V/Line train, with future plans to electrify the line to metro standards ), making it feasible for city commuters. The area is benefitting from expanding infrastructure – new schools, shopping centers, and road upgrades. Notably, a new Melton Hospital  project (over $900 million) commenced construction in 2024, slated to open by 2029 . This major facility will boost local healthcare services and employment, enhancing Melton’s appeal. Additionally, Melbourne’s big transport projects will shorten the distance to Melton: for example, the Sunshine “Superhub”  associated with the upcoming airport rail will pave the way for more train services for Melton’s growing communities . Road connectivity is also improving – the suburb links into the Western Freeway, and the completion of the West Gate Tunnel in 2025 will streamline car travel to the CBD from Melbourne’s west . Artist impression of the new Melton Hospital in western Melbourne, a major infrastructure project set for completion by 2029 Outlook:  With ample land for development, Melton is poised for long-term capital growth . Investors are buying now for the combination of low price, immediate rental income, and the knowledge that this corridor’s population and infrastructure base are only heading upward. As Melton transitions further from a semi-rural fringe town into a true metropolitan suburb, property values are expected to climb in tandem with its growth story. Coolaroo (Northern Melbourne) – Low Entry Price, Strong Yields & Tight Rental Market Key metrics:   Median house price:  ~$545,000; Rental yield:  ~4.6% (houses) and up to 5.4% (units); Vacancy rate:  ~1.2% . Located only 21 km north of the CBD , Coolaroo offers one of the lowest entry prices within metropolitan Melbourne’s north. It’s a suburb often under the radar, but investors are noticing its combination of affordability and high rental returns . The median house is in the mid-$500k range, and while data on unit prices is limited (due to fewer unit developments in the area), any available units also command strong yields around 5.4% . Overall, Coolaroo’s average rental yield is among the strongest in Victoria , reflecting excellent rent-to-price ratios for investors . Meanwhile, the vacancy rate is extremely low (~1.2%) , indicating a competitive rental market  with consistent tenant demand . Welcome to Coolaroo mural featuring community artwork and sports imagery in Melbourne’s northern suburb Local drivers:  Coolaroo provides a comfortable suburban lifestyle  with a mix of residential pockets and light industrial areas. This mix means local employment opportunities (nearby industrial hubs and warehouses) and affordable family housing co-exist. The suburb’s amenities include parks, schools, and local shopping, catering to its multicultural community. For investors, a key attraction is that tenants can find value here  – rents are reasonable for the metro area, yet the suburb is close enough to the city and job centers to remain in demand. Connectivity and infrastructure:  Coolaroo is well-connected by public transport – notably, it has its own train station on the Craigieburn rail line , providing direct train access to Melbourne CBD (a significant advantage in the north). The suburb also lies near major arterial roads like Pascoe Vale Road and the M80 Ring Road, making it accessible to other job hubs (e.g. Broadmeadows, Tullamarine). Being adjacent to Broadmeadows (a regional center with a major shopping mall and civic facilities) means residents benefit from those amenities as well. While Coolaroo itself is relatively established with no massive new developments announced, the general northern region is seeing growth. For instance, the nearby Broadmeadows area has long-term urban renewal plans, and employment zones around Melbourne Airport (within a 15-minute drive) continue to expand. All these factors contribute to housing demand in Coolaroo. Coolaroo train station on the Craigieburn line, offering direct public transport access to Melbourne CBD Outlook:  For investors prioritizing rental yield and affordability , Coolaroo is a compelling option. Its property values are starting from a low base, which limits downside risk and leaves room for growth. As the northern suburbs gradually gentrify and Melbourne’s growth pushes outward, Coolaroo’s convenient location and robust rental market position it well for capital growth. In the meantime, investors enjoy excellent cash flow . The tight vacancies (near 1%) also give confidence that rents can be increased over time, further boosting returns . Coolaroo may not yet have the name recognition of some booming suburbs, but its fundamentals check out strongly for 2025 and beyond. Werribee (South-West Melbourne) – Established Hub with Long-Term Upside Key metrics:   Median house price:  ~$610,000; Median unit price:  ~$430,000; Rental yields:  ~3.9% (houses) and ~5.2% (units); Vacancy rate:  ~2.1% . Werribee is a well-known suburb in Melbourne’s south-west, about 32 km from the CBD  along the Princes Freeway. It has long been a family-friendly, riverside suburb  that combines affordability and amenities . After a period of rapid growth, Werribee’s median house price experienced a minor dip of around 0.8% in the past year  , bringing it to roughly $610k – which creates a potential buying opportunity  below peak values. Units saw a similar small decline (~1.1% down) to a median of $430k, but notably offer higher rental yield (~5.2%) . Houses yield about 3.9%, which is solid for the Melbourne context and bolstered by steady demand. The vacancy rate of ~2.1%  indicates Werribee’s rental market remains tight and can quickly absorb new rentals , especially at the more affordable end. Aerial view of Werribee River, farmlands and residential areas in Melbourne’s growing southwest corridor Growth factors:  Werribee is part of the Wyndham growth corridor , one of Australia’s fastest-growing municipal regions. The population boom in suburbs like Werribee, Tarneit, and Point Cook has been tremendous over the last decade, thanks to young families moving in. This organic demand growth underpins housing values. Werribee in particular benefits from being an established regional center : it has a sizable town center, employment opportunities, and recreation (e.g. Werribee Open Range Zoo, Werribee River parklands) that make it more than just a commuter town. These factors give it enduring appeal and resilience. Crucially, sales activity in Werribee has been rising , a positive sign for prices ahead. Property analysts have tipped affordable outer suburbs like Werribee to lead the next upswing, labeling some as potential “supercharged” growth markets . This sentiment is backed by the fact that Melbourne’s market recovery is favoring previously flat areas – Werribee’s slight recent price dip could precede a rebound as demand returns. Infrastructure:  Werribee is very well-serviced. It lies on the Werribee train line  (metro service to CBD), and also near the Regional Rail Link  line to Geelong/Ballarat (via nearby Wyndham Vale), giving it excellent rail connectivity. By road, the Princes Freeway puts it within an easy drive to the city (outside of peak hours) and to Geelong – making Werribee a strategic midpoint city. A major infrastructure project set to benefit Werribee investors is the West Gate Tunnel , opening in late 2025, which will provide a second freeway route into Melbourne’s CBD. This project is expected to reduce peak commute times by up to 20 minutes  for residents in the west , significantly improving the daily travel from Werribee. Additionally, local infrastructure is expanding: the Wyndham Council has ongoing upgrades like the Ison Road freeway interchange to better connect new estates, and community facilities (e.g. the new Lollypop Creek community hub in 2024  ). Werribee also hosts the Werribee Mercy Hospital  (with an emergency department expansion in progress) and a campus of Victoria University, anchoring it as a regional hub for health and education. Map of Melbourne’s West Gate Tunnel project showing new tunnels, freeway upgrades and improved cycling access Outlook:  Werribee offers a balanced play – it’s an established suburb  with all key amenities in place, yet still has the affordability and land availability of a growth area. Investors can expect moderate yields (with units providing particularly strong cash flow) and the potential for capital growth as the west’s population and jobs base continue to expand. As Melbourne’s growth sprawl marches on, Werribee stands to evolve from an outer suburb into a larger satellite city, which bodes well for property values. The suburb’s mix of houses and unit developments also provides options for different budgets and strategies. With ongoing improvements in transport and infrastructure, Werribee’s long-term trajectory looks positive, making it a strategic addition to a property portfolio in 2025. Strategic Western Suburbs with Strong Upside Melton, Coolaroo, and Werribee each represent compelling investment opportunities in Melbourne’s west and north-west corridors. Despite their different profiles, these suburbs share a powerful combination of affordability, rental demand, and future growth drivers : Melton  stands out as a long-term growth play, backed by exceptional population forecasts and major infrastructure like the upcoming Melton Hospital and future rail upgrades. Coolaroo  offers a low-entry-price, high-yield strategy, with ultra-low vacancy rates and strong appeal to tenants working in nearby industrial and commercial hubs. Werribee  balances livability and investment potential, supported by continued urban expansion, strong transport connectivity, and regional center amenities. Each suburb positions investors to capitalise on Melbourne’s westward expansion and the demand it continues to generate. Whether your priority is cash flow, future capital growth, or a mix of both, these areas deliver a strong foundation for building or diversifying your portfolio. 👉 In the second part of this article , we explore three additional high-potential suburbs — Cranbourne , Sunshine West , and Frankston  — each offering unique advantages in Melbourne’s southeast and inner-west. Don’t miss it if you’re looking for bayside appeal, gentrification-driven uplift, or southeast growth corridor momentum. Continue to Part 2: Melbourne Property Investment Suburbs 2025 – Cranbourne to Frankston 📲 Want more investment insights and property updates? Follow us on Instagram for the latest listings, suburb spotlights, and behind-the-scenes market tips. Sources Craig Gibson, “10 Most Affordable Suburbs in Melbourne for Property Investment in 2025,”  OpenAgent – Market data and suburb insights (median prices, yields, vacancy rates) for Melbourne suburbs, updated April 15, 2025    Hotspotting Price Predictor Index  via Realestate.com.au  News – Melbourne’s market outlook for 2025, noting 63% of suburbs on upward trend and affordable “battler” suburbs tipped for growth (Terry Ryder commentary),  May 3, 2025   Quantum Buyers Agents, “Affordable Suburbs Melbourne 2025 for First-Time Investors,”  Apr 23, 2025 – CoreLogic data on outer suburb price growth (2023–2025) and list of top affordable picks (including Melton, Werribee, Cranbourne), with median prices and yields    Victoria’s Big Build – Sunshine Superhub (Melbourne Airport Rail)  – Project overview stating Sunshine upgrades enabling airport rail and future Melton line electrification (infrastructure boost for western suburbs)    Transurban, West Gate Tunnel Project (Melbourne)  – Key benefits of the new tunnel (opening 2025) including up to 20 min reduced travel time from the western suburbs, improving connectivity for areas like Werribee and Melton   Peninsula Health, Frankston Hospital Redevelopment  – Details on the $1.1B upgrade (completion 2025) adding capacity and services, the largest health investment in Melbourne’s south-east, bolstering Frankston’s infrastructure    Disclaimer: The information provided in this article is for general informational purposes only and does not constitute financial, legal, or investment advice. While every effort has been made to ensure the accuracy and reliability of the data presented (including property prices, rental yields, and infrastructure details), no guarantees are given regarding its completeness or current validity. Real estate market conditions, government policies, and infrastructure timelines are subject to change and may affect investment outcomes. Readers are strongly advised to conduct their own independent research and seek advice from licensed financial advisors, property professionals, or legal experts before making any investment decisions. Core Elite Real Estate and the author(s) of this article disclaim all liability for any loss or damage arising directly or indirectly from the use or reliance on the information provided herein.

As an experienced real estate agent, I know that understanding stamp duty —also known as land transfer duty —is crucial when planning your property purchase in Victoria. This guide provides up-to-date information on how stamp duty is calculated, exemptions and concessions, and the latest reforms effective in 2024. What is Stamp Duty? Stamp duty is a tax levied by the Victorian government on property transactions, including purchases and ownership transfers. The amount you pay is based on the dutiable value  of the property, which is the greater of: 1. The purchase price, or 2. The market value of the property at the time of the transaction. 维州印花税 How is Stamp Duty Calculated in Victoria? Victoria uses a progressive rate system , meaning the rate of duty increases as the property’s value rises. The current rates are: Dutiable Value Range Stamp Duty Payable $0 – $25,000 1.4% of the dutiable value $25,001 – $130,000 $350 plus 2.4% of the dutiable value over $25,000 $130,001 – $960,000 $2,870 plus 6% of the dutiable value over $130,000 $960,001 – $2,000,000 5.5% of the dutiable value Over $2,000,000 $110,000 plus 6.5% of the dutiable value over $2,000,000 Key Updates for 2024 1. Commercial and Industrial Properties From 1 July 2024 , commercial and industrial property buyers will transition from paying a one-time stamp duty to an annual property tax . The tax rate will be 1% of the unimproved land value . Buyers during the 10-year transition period can choose to: • Pay stamp duty upfront, or • Opt for a government-facilitated loan to pay over 10 years with interest. 2. Off-the-Plan Concessions The Victorian Government has introduced a temporary concession  for off-the-plan purchases: • For contracts signed between 21 October 2024 and 21 October 2025 , buyers can deduct post-contract construction costs from the dutiable value, reducing stamp duty payable. • This applies to off-the-plan apartments, townhouses, and units. To know more about, 《 Victorian Government’s Temporary Off-the-Plan Duty Concession: A Game-Changer for Buyers and Developers》 Exemptions and Concessions Several exemptions and concessions can significantly reduce your stamp duty liability: First Home Buyers • Full exemption:  For properties valued up to $600,000 . • Concession:  For properties valued between $600,001 and $750,000 , duty is reduced on a sliding scale. • Must occupy the property as the principal place of residence for at least 12 months. Principal Place of Residence (PPR) Concession • Concession applies to properties valued up to $550,000  intended as the buyer’s primary home. Pensioner Concession • Eligible pensioners may receive exemptions or concessions for homes valued up to $750,000 . Foreign Purchaser Surcharge • An additional 8% surcharge  applies to foreign purchasers of residential property. To know more about， 《 First Home Buyers Guide: Navigating Australia’s Grants and Incentives》 When Do You Pay Stamp Duty? Stamp duty must be paid within 30 days  of the property settlement or transfer of ownership. Failure to pay on time may result in penalties and interest. How to Estimate Your Stamp Duty The State Revenue Office (SRO) of Victoria  provides an online calculator to help buyers estimate stamp duty payable. You can access it here: Stamp Duty Calculator Q&A: Frequently Asked Questions 1. Who Can Apply for the Concession? All purchasers, including foreign buyers, are eligible. However, the Foreign Purchaser Additional Duty (FPAD)  applies to the property’s full value before the concession is calculated. 2. What Types of Properties Qualify? Eligible properties include apartments and townhouses with common property areas. House-and-land packages are excluded unless part of a strata subdivision. 3. Is This Concession in Addition to Other Benefits? Yes! First-home buyers and owner-occupiers can choose between this concession or existing schemes to maximize their savings. 4. How Long Is the Concession Available? The concession applies to contracts signed between October 21, 2024 , and October 20, 2025 . 5. How Can I Apply? Applications are typically managed by your conveyancer, solicitor, or financial institution through Duties Online. 6. Why Is This Concession Introduced? It’s part of a government initiative to stimulate housing construction, improve affordability, and support economic growth. Tips for Managing Stamp Duty 1. Understand Your Eligibility:  Research exemptions and concessions that apply to your situation. 2. Plan Ahead:  Budget for stamp duty early to avoid surprises at settlement. 3. Stay Updated:  Stamp duty policies and rates can change; check government websites for the latest updates. 4. Seek Professional Advice:  A conveyancer or solicitor can guide you through the complexities of stamp duty and ensure you maximize available concessions. Stamp duty is a significant cost when purchasing property in Victoria, but with careful planning and knowledge of available concessions, you can reduce its impact. Whether you’re a first-home buyer, an investor, or looking to purchase off-the-plan, staying informed about stamp duty policies will help you navigate the property market with confidence. For personalized advice tailored to your property needs, feel free to reach out. As an experienced real estate agent, I’m here to help you achieve your property goals while staying on top of your financial commitments. Disclaimer:  The information provided in this blog is for general guidance only and does not constitute financial, legal, or tax advice. Always consult a qualified professional for advice specific to your circumstances. References 1. State Revenue Office Victoria - Land Transfer (Stamp) Duty Rates SRO Victoria - Stamp Duty Rates 2. SRO Victoria - Land Transfer (Stamp) Duty Calculator SRO Victoria - Duty Calculator 3. Grant Thornton - Changes to Victorian Stamp Duty Grant Thornton - Victorian Stamp Duty Changes 4. Herald Sun - Updates on Stamp Duty Policies in Victoria “How Vic’s rich are using stamp duty cuts for swanky, top-dollar buys”

Investing in Melbourne’s real estate market is an exciting opportunity, but it’s crucial to understand the associated costs. From upfront expenses to ongoing maintenance fees, knowing what to expect ensures that your investment remains profitable and stress-free. In this blog, we’ll break down the key costs and share tips for successful property investment in Melbourne. 1. Upfront Costs When purchasing an investment property, upfront costs can be significant. Here’s what you need to prepare for: Deposit Most lenders require a 20% deposit  to avoid Lenders Mortgage Insurance (LMI). For a property valued at $750,000, the deposit would be $150,000 . Stamp Duty Stamp duty is a state tax based on the property’s purchase price. In Victoria, for a $750,000 investment property, this would be approximately $40,070 . Conveyancing and Legal Fees You’ll need legal experts to handle the property transfer. Expect to pay between $900 and $2,000 . Building and Pest Inspections Ensure your investment is structurally sound and pest-free. These inspections typically cost $300 to $700 . Loan Establishment Fees Most lenders charge $200 to $600  for processing your mortgage application. Australian Lad Tax 2. Ongoing Costs Investing in property isn’t a one-time expense; here are the recurring costs you’ll face: Mortgage Repayments Your monthly repayments depend on the loan amount, interest rate, and term. Property Management Fees If you hire a property manager, expect to pay 5% to 10%  of the weekly rental income. For a property renting at $500/week, this would be $25 to $50  per week. Council and Water Rates Local council and water rates will cost you $1,000 to $2,000 annually  for council rates and $600 to $1,200 annually  for water. Landlord Insurance Protect yourself against tenant-related risks and property damage. Annual premiums range from $300 to $1,500 . Maintenance and Repairs Allocate about 1% of the property’s value annually  for maintenance. For a $750,000 property, that’s approximately $7,500 per year . * The specific costs depend on the value of the property, and all the fees listed here are only estimates. Victoria land tax general rates table 3. Tax Considerations Investing in property comes with significant tax implications. Here’s what you need to know: Rental Income All rental income must be declared as taxable income. Deductible Expenses Many costs, including mortgage interest, management fees, and maintenance, are tax-deductible. Depreciation Claim depreciation on the property’s structure and fixtures to reduce taxable income. Capital Gains Tax (CGT) If you sell the property for a profit, CGT will apply. A 50% discount  is available for properties held longer than 12 months. Victoria land tax general rates 4. Selling Costs If you decide to sell your property, prepare for these costs: Real Estate Agent Commission Agents charge 1.5% to 3%  of the sale price. For a $750,000 property, this could range from $11,250 to $22,500 . Marketing Fees Promoting your property can cost $1,000 to $5,000* . Legal Fees Selling requires conveyancing services, which cost between $800 and $2,000 . Investor Sales from PropTrack Tips for Managing Costs 1. Budget Carefully : Account for all costs, including unexpected expenses. 2. Leverage Tax Benefits : Work with an accountant to maximize deductions. 3. Choose the Right Property : Focus on areas with high rental demand and low vacancy rates. 4. Monitor Maintenance : Regular upkeep minimizes expensive repairs. Investing in Melbourne’s property market offers excellent opportunities, but success depends on understanding the costs involved. From upfront fees like deposits and stamp duty to ongoing expenses like maintenance and insurance, planning ahead ensures a profitable investment. Whether you’re a first-time investor or an experienced buyer, staying informed is key to making smart decisions in Melbourne’s dynamic real estate market. Disclaimer This blog provides general information only and should not be considered professional financial, legal, or investment advice. Costs, taxes, and fees mentioned are estimates and may vary. Please consult qualified professionals for advice tailored to your circumstances. Core Elite Real Estate is not liable for decisions made based on this information. Always conduct thorough research before making property-related decisions. References 1. Stamp Duty Calculator : Westpac 2. Property Insights : Domain 3. Rental Market Trends : Realestate.com.au 4. Tax Considerations : Australian Taxation Office

Melbourne is renowned for its cultural diversity, vibrant neighborhoods, and livability. However, like any major city, certain suburbs grapple with higher crime rates. This doesn’t diminish their allure for residents, as these areas also boast unique attractions, convenience, and lifestyle perks. In this blog, we’ll explore the top five suburbs with the highest crime rates in 2024, delve into their property and rental markets, and provide insights for prospective buyers and renters. Melbourne Crime rate 1. Top 5 Suburbs with the Highest Crime Rates in 2024 1. Melbourne CBD The heart of Melbourne, the CBD, has the city’s highest crime rate. Common incidents include theft, assault, and public order offences. The high density of people, vibrant nightlife, and tourist activity contribute significantly to these figures. 2. Collingwood (Postcode 3066) Collingwood is a trendy suburb but has a high burglary rate of 12 per 1,000 residents. Known for its cultural vibrancy, it also struggles with issues like property crimes. 3. South Melbourne (Postcode 3205) South Melbourne, with its mix of commercial and residential zones, reports a burglary rate of 10.5 per 1,000 residents. 4. Prahran and Windsor (Postcode 3181) These adjoining suburbs share a burglary rate of 10 per 1,000 residents. Their lively entertainment scenes make them hotspots for certain crimes. 5. Fitzroy (Postcode 3065) Fitzroy, celebrated for its arts and cafe culture, also has a burglary rate of 10 per 1,000 residents, indicating significant property-related offences. Crime rate 2. Why Is Crime High, and Why Do People Still Love These Suburbs? Crime rates in these suburbs are generally higher due to a combination of factors such as high population density, active nightlife, and significant commercial activity. These characteristics naturally lead to increased opportunities for theft, public disturbances, and other minor crimes. Socioeconomic diversity and large crowds drawn to entertainment venues also contribute to these statistics. Despite these challenges, these suburbs remain some of Melbourne’s most desirable places to live. Their central locations offer unparalleled access to employment hubs, public transport, cultural institutions, and a plethora of dining and entertainment options. Each suburb’s unique character fosters strong community ties and a sense of belonging. Moreover, ongoing urban development and gentrification enhance infrastructure and services, ensuring their enduring appeal. 3. Property Market in These Suburbs Melbourne CBD • Median Property Price:  Approx. $600,000 for a 2-bedroom apartment. • Market Dynamics:  High-rise apartments dominate, with strong demand from international students and investors. • Why Buy Here?  The convenience of city living and strong rental yields appeal to investors. Collingwood • Median Property Price:  $1.3 million for houses. • Trend:  Warehouse conversions and trendy apartments attract young buyers. • Why Buy Here?  Its cultural vibrancy and ongoing gentrification suggest long-term growth. South Melbourne • Median Property Price:  $1.6 million for houses. • Market Dynamics:  A mix of historic homes and new developments cater to diverse buyers. • Why Buy Here?  Its charm and proximity to both the CBD and Port Melbourne beach are key selling points. Prahran and Windsor • Median Property Price:  $1.4 million for houses. • Market Dynamics:  Boutique apartments and Victorian-era homes dominate. • Why Buy Here?  These suburbs offer a trendy lifestyle with strong community appeal. Fitzroy • Median Property Price:  $1.5 million for houses. • Market Dynamics:  A mix of historic terraces and modern apartments keeps demand high. • Why Buy Here?  Its unique character and prime location ensure it remains a sought-after area. 4. Rental Market in These Suburbs Melbourne CBD • Median Rent:  $600/week for a 2-bedroom apartment. • Tenant Profile:  Students, professionals, and transient workers. • Why Rent Here?  Proximity to work and education hubs. Collingwood • Median Rent:  $650/week for a 2-bedroom house. • Tenant Profile:  Young professionals and creatives. • Why Rent Here?  Its trendy vibe and cultural attractions. South Melbourne • Median Rent:  $700/week for a 2-bedroom property. • Tenant Profile:  Families and professionals. • Why Rent Here?  Access to schools, markets, and public transport. Prahran and Windsor • Median Rent:  $650/week for a 2-bedroom property. • Tenant Profile:  Millennials and young couples. • Why Rent Here?  Nightlife and boutique shopping are major draws. Fitzroy • Median Rent:  $680/week for a 2-bedroom house. • Tenant Profile:  Artists and urban dwellers. • Why Rent Here?  A unique community atmosphere with top-notch cafes and galleries. Melbourne City & Southbank 5. Tips for Buyers and Renters in High-Crime Suburbs For Buyers: 1. Assess Long-Term Potential:  Many high-crime areas are undergoing gentrification, which can increase property values over time. 2. Prioritize Security:  Invest in properties with modern security features, such as gated entries and alarm systems. 3. Research Micro-Locations:  Crime rates can vary significantly within suburbs. Consult local agents to identify safer streets. For Renters: 1. Focus on Safety:  Look for properties with secure locks, intercom systems, and good lighting. 2. Stay Informed:  Understand the types of crime prevalent in the area. For example, property theft may pose less direct risk than violent crime. 3. Community Feel:  Engage with locals to get a sense of the neighborhood’s true character. While high crime rates in these suburbs present challenges, their cultural richness, central locations, and lifestyle offerings make them attractive for both buyers and renters. With proper research and precautions, you can enjoy the best these suburbs have to offer while mitigating potential risks. Whether you’re drawn to Fitzroy’s artistic vibe or South Melbourne’s historic charm, these neighborhoods still provide unique opportunities for living and investing. Disclaimer This blog is for general informational purposes only and not professional advice. Figures on crime rates, property prices, and rentals may vary and are subject to change. Core Elite Real Estate is not responsible for decisions based on this content. Please conduct your own research and consult professionals before making property-related decisions. References 1. Crime Rates and Suburb Data • Crime Statistics Agency Victoria • Tekplex Solutions: Melbourne’s Safest and Most Dangerous Suburbs • Canstar: Home Theft Hotspots 2. Property Market Information • Domain Property Market Insights • CoreLogic Property Data • Realestate.com.au Suburb Insights 3. Rental Market Information • Rental Insights by SQM Research • Realestate.com.au Rental Market Data 4. Local Community and Lifestyle Information • City of Melbourne Official Website • Visit Victoria: Melbourne Suburbs Guide

Starting January 1, 2025, the Victorian Government will introduce a 7.5% Short Stay Levy  on revenue generated from short-term accommodation platforms such as Airbnb and Stayz. This new tax aims to address housing shortages by encouraging property owners to transition their short-term rentals into long-term leasing options while generating funds for affordable housing projects. This article explores the details of the levy, its implications, and the potential impact on Victoria’s housing and tourism markets. Key Features of the Short Stay Levy What is the Short Stay Levy? The levy imposes a 7.5% tax  on revenue generated from short-term rental properties. It applies to bookings made through platforms like Airbnb, with the goal of discouraging the use of residential properties solely for short-term stays. How Does it Work? • Effective Date : The tax applies to bookings made on or after January 1, 2025 . • Scope : It covers revenue from short-term rental properties but excludes: • Properties used as a principal place of residence. • Commercial accommodations like hotels, motels, and caravan parks. • Collection : Platforms like Airbnb will automatically collect the levy from guests at the time of booking and remit it to the State Revenue Office (SRO). Cost to Guests The levy adds 7.5% to the total cost of a booking. For example: • A $1,000 booking will include an additional $75 in levy, bringing the total cost to $1,075. Purpose of the Levy The Victorian Government projects that the levy will generate over $70 million annually , with the funds allocated to: 1. Affordable Housing : Building more social and affordable housing across Victoria to address growing demand. 2. Balancing Supply and Demand : Shifting some short-term rental properties into the long-term rental market, increasing housing availability for residents. Implications for Property Owners 1. Revenue Impact : • Hosts may need to adjust their pricing strategies to maintain competitiveness without significantly reducing their earnings. • For properties heavily reliant on short-term rentals, the levy may impact profitability. 2. Compliance Requirements : • Platforms like Airbnb will handle levy collection, but property owners are responsible for reporting their income to tax authorities if it exceeds certain thresholds. 3. Shift Toward Long-Term Leasing : • Property owners might reconsider their business models and transition to long-term rentals, which are not subject to the levy, particularly in high-demand rental markets. Impact on the Rental Market The levy aims to address housing shortages by encouraging property owners to list properties for long-term rentals. This could: • Increase Rental Supply : Alleviate pressure on the long-term rental market by converting short-stay accommodations into permanent housing options. • Stabilize Rental Prices : A larger supply of rental properties may help slow rent increases. Concerns and Industry Response While the levy has been welcomed by advocates for affordable housing, it has also raised concerns within the tourism and property industries: 1. Impact on Tourism : • Higher costs for short-term accommodations could deter tourists or shift demand to regions outside Victoria. • Some argue that the levy could reduce the competitiveness of Victoria’s tourism industry. 2. Industry Criticism : • Airbnb and other platforms have called the 7.5% levy excessive, suggesting that a rate between 3-5%  would align better with international standards. • Critics argue that the levy disproportionately affects small-scale hosts who rely on short-term rentals for supplementary income. Comparison to International Practices Victoria’s 7.5% levy is one of the highest in the world for short-term rental platforms: • New York City : Charges a 5.875% combined tax on short-term rentals. • France : Applies a 4.5% tax on revenue from vacation rentals. • Portugal : Charges a tax of up to 6% on Airbnb bookings. The introduction of the Short Stay Levy represents a bold step by the Victorian Government to tackle housing shortages and generate funds for affordable housing. While it holds promise for increasing long-term rental supply, it also presents challenges for property owners and the tourism sector. Hosts should prepare for changes by reviewing their pricing strategies and exploring alternative rental options. Guests, on the other hand, should anticipate slightly higher booking costs but can take comfort in knowing that their contributions are funding vital housing initiatives. As the policy unfolds, its long-term effects on Victoria’s housing market and tourism industry will be closely monitored. Disclaimer This article is for informational purposes only and does not constitute financial, legal, or tax advice. Readers are encouraged to consult with licensed professionals and verify all details through official channels to ensure compliance with applicable laws and regulations. References 1. Airbnb Tax Overview - BnB Butler 2. Victorian Government Announcement - ABC News 3. Edge Advisory - Short Stay Levy Impacts 4. DA Associates - Airbnb Tax Breakdown

Located on one of Melbourne’s most prestigious tree-lined boulevards — St Kilda Road, Melbourne 3004   — stands The Fawkner , a high-end residential complex that seamlessly blends modern design with luxurious living.   Apartment 414/499 St Kilda Rd, Melbourne 3004, is a one-bedroom with full size study and a secure car park residence within The Fawkner   featuring a well-thought-out layout, full functionality, top-tier security, and refined attention to detail — meticulously crafted for those seeking a lifestyle in the inner city that is both elegant and vibrant.   Completed in 2017, the apartment has been exceptionally well maintained. Owned by its first and only owner, who has taken great care of the property , the unit is spotless, well-kept, and presents as new — offering outstanding value. Stepping inside, you’re immediately greeted by an open-plan kitchen that seamlessly combines design and functionality. Luxury is found in the full suite of high-end German brand Gaggenau appliances . The attention to detail is showcased in the natural marble  used for the island bench and splashback — with its organic veining and exceptional texture, it elevates the visual appeal while enhancing long-term durability.   The kitchen also features a fully integrated fridge by Liebherr , a high-end German appliance brand — minimalist on the outside, yet luxurious within. The living room faces due north  — the most sun-drenched and desirable orientation in Australia. Floor-to-ceiling double-glazed windows flood the space with natural light while keeping out unwanted noise. The living area opens directly onto a spacious 23-square-metre balcony, adding endless possibilities to everyday living.   To the right is a generously sized study,  which can easily function as a private home office, meeting space, or multi-purpose activity room — offering a quiet and independent area ideal for remote work, artistic creation, or personal hobbies. Standing on the balcony of this apartment, you’re greeted by a harmonious blend of lush streetscapes and modern architecture along St Kilda Road . The apartment also overlooks the beautifully landscaped internal courtyard, adding a sense of tranquility and greenery to everyday life. The bathroom continues the home’s elegant minimalist aesthetic , featuring full-height natural stone looking wall tiles that exude texture and quality. The wall-mounted, concealed toilet and sleek vanity enhance visual cleanliness while making daily maintenance easier.   The separate shower is fitted with a glass partition and a rain shower head, achieving a practical wet-dry separation while ensuring both comfort and functionality. The bedroom features a practical and well-proportioned layout. Large sliding glass doors not only bring in abundant natural light but also provide direct access to the balcony, creating a seamless connection between indoor living and outdoor space. 户型图只是用于展示用，所有尺寸或面积均为近似值，总面积包括阳台 📐 Floor Plan Overview｜Well-Proportioned Layout, Separation of Living and Rest Areas, Fully Functional   This boutique apartment features 1 bedroom, 1 study, 1 bathroom, and 1 car space , with a total area of approximately  89.6㎡ . The internal living space measures 66.6㎡, complemented by a spacious 23㎡ north-facing balcony. The layout is open and airy, offering excellent natural light throughout. ✨  Apartment Highlights • Luxury residence, located on Level 4 of The Fawkner • Expansive balcony accessible from both the living room and bedroom, offering leafy city views • Top-of-the-line Gaggenau kitchen appliances, integrated Liebherr fridge, and natural marble benchtops — a five-star cooking experience • Spacious study area, perfect for a home office setup • Floor-to-ceiling windows provide abundant natural light and a bright, airy atmosphere • Concealed split-system air conditioning — quiet and efficient • Bedroom features built-in wardrobes — practical and stylish • Includes one secure basement car space ✨ Facilities： • Private cinema • Indoor infinity pool with views over St Kilda Road • Private wine cellar and tasting room • Function room and meeting facilities • Gym, sauna, steam room, and sun lounge area • Tea room, theatre space, children’s activity room, and more — all fully equipped 📍  Prime Location・Complete Lifestyle Amenities   The Fawkner is ideally located in the prestigious 3004 postcode, just 4km from Melbourne CBD  — around a 10-minute drive, with direct access to public transport. Surrounded by some of Melbourne’s most historic and culturally rich premium suburbs, including South Melbourne, South Yarra, and Albert Park, this location offers the best of elite inner-city living. 🚌  Transport: Tram stop right at your doorstep, with direct access across the city.   🍽  Dining: Surrounded by boutique restaurants along Clarendon St, Dorcas St, and Park St.   ☕  Cafés: Close to popular hotspots like St Ali, Dead Man Espresso, and Chez Dré.   🛍  Shopping: Near South Yarra Shopping Centre, Emporium, and Melbourne Central.   🎓  Top-tier Education Nearby: • Wesley College • Melbourne High School • Mac.Robertson Girls’ High School • Close to University of Melbourne, RMIT, Monash College, and Victoria University   🌳  Leisure & Lifestyle: • Royal Botanic Gardens • Albert Park Lake • Arts Centre Melbourne, Immigration Museum • Charming Victoria-style precincts: Victoria Ave, Bridport St — full of boutique shops and gourmet destinations

Located on the fifth floor of Flagstaff Green, Apartment 504/23 Batman Street is a quiet two-bedroom residence completed in 2019 . Its open, airy layout and floor-to-ceiling windows in the living room frame the Melbourne city skyline —where the soft ding of distant trams meets the gentle chirping of birds from nearby Flagstaff Gardens. Life in the building is anything but dull. Residents start their mornings with a swim by the first floor pool and gather on weekends for rooftop BBQs. The access card for Unit 504 opens up every shared space: the coffee nook on Level 3, and even the storage rooms in the basement. Now, this well-maintained apartment is ready for its next owner. Just a 3-minute walk to Flagstaff Station and 8 minutes to Queen Victoria Market , it’s perfect for professionals looking to settle in the CBD, or investors seeking reliable returns—as rental prices in West Melbourne have quietly climbed by 8.5% year-on-year . The standout feature? Its strong rental income, averaging $750 per week , offering an impressive rental yield of nearly 7.5% . 🌞 Step into a sun-drenched open-plan living and dining area, where warm timber flooring meets modern finishes. Floor-to-ceiling glass doors open out to the balcony, inviting natural light and the energy of the city indoors—an ideal setting whether you’re entertaining guests or simply unwinding at home. 🍳 The kitchen is where style meets function— stone benchtops, a textured island breakfast bar, and premium Smeg appliances (integrated oven and gas cooktop) are paired with light wood-grain cabinetry, exuding understated elegance. From solo meals to dinner parties, this space is perfectly equipped for every occasion. 🌇 Balcony of Apartment 504: Your Private Sky Retreat This generously sized 8.3 sqm balcony offers an uninterrupted panorama of Melbourne’s CBD skyline —a front-row seat to the city’s ever-changing light. With warm-toned tiles underfoot and a covered roof shielding you from sun and rain, it’s a space to be enjoyed all year round. Sip your morning coffee in the sunlight, unwind with a quiet drink at dusk, and let the pulse of the city below fade into calming silence. Whether you envision a rattan bistro set for al fresco evenings, a lush vertical garden along the railing, or a yoga mat under drifting clouds, this balcony is free from the confines of towering buildings. Instead, it offers wide-open views and room to breathe—a true sanctuary suspended above the city. 🚿 Bathroom of Apartment 504: A Study in Urban Elegance Design Highlights: Material Harmony:  Vertical white subway tiles meet large-format stone-look porcelain slabs, creating a sleek, hotel-inspired shower zone. Functional Elegance:  A light wood-grain vanity with concealed under-sink storage and mirrored cabinets offers ample space—style and function seamlessly combined. Luxury Fixtures:  Rainfall showerhead and wall-mounted tapware deliver a daily spa-like experience. There’s no excess here—just thoughtful design where every detail strikes the perfect balance between practicality and aesthetics. 🌆 Light & Views Expansive corner windows frame Melbourne’s skyline like a living mural—dynamic, ever-changing. Here, it’s not an alarm clock that wakes you, but soft morning light spilling across the room, shifting gently with the sun’s path. 📚 Function & Comfort A window-side study nook invites creativity—perfect for early-morning writing or quiet reflection. Barefoot steps meet plush carpet, while full-height wardrobes discreetly hold your wardrobe through the seasons. ✨ A Poetic Balance of Night & Morning At night, the glass softens the city’s lights into a constellation of gentle glows. At dawn, the faint hum of trams mingles with birdsong, creating a calming urban white noise. The true luxury of this bedroom lies in its rare ability to offer both the heartbeat of the city and the serenity above it. 🏠 Apartment 504 | A Harmony of Practical Design and Private Living Layout Highlights Smart Separation of Space : Two generously sized bedrooms, each with built-in wardrobes, are positioned on opposite sides of the central bathroom—ensuring privacy and separation between active and restful zones. Panoramic Corner Windows : Natural light floods the space, with the city skyline framed like a living, dynamic mural. Expansive Balcony : At 4.5 meters wide (approx. 8.3 sqm), it features slip-resistant tiles and a covered roof—perfect for year-round alfresco moments with a view. Functional Design Streamlined Kitchen : Smeg integrated appliances and a stone-look island create a sleek, efficient cooking space. European-Style Laundry : Thoughtfully tucked away near the entrance, offering full function without encroaching on living areas. Intelligent Storage Solutions : Mirrored cabinets, a vanity with hidden storage, and full-height wardrobes maximize utility without compromising aesthetics. There are no unnecessary embellishments here—just thoughtful, refined details that remind you: true urban living is where functionality dances with poetry. 🏢 Building Amenities Overview Level 1 | Wellness & Active Living 18m outdoor heated swimming pool Relaxing spa retreat Fully equipped gym Sun deck lounge Perfect for morning swimmers and professionals unwinding after work. Level 3 | Social & Shared Spaces Residents-only lounge with kitchen and media room Expansive landscaped courtyard Private dining room Ideal for weekend gatherings and freelancers working from home. 📍 Prime Location ・ Lifestyle at Your Doorstep Apartment 504/23 Batman Street is perfectly positioned in the heart of West Melbourne , on the edge of the CBD and just steps from the iconic Flagstaff Gardens —a seamless blend of urban vibrancy and natural serenity. A short stroll takes you to Flagstaff Station , offering immediate access to Melbourne’s city loop and direct connections to major business hubs and universities. Walk to the beloved Queen Victoria Market  for fresh produce and a rich community atmosphere. Head south and you’ll find yourself in the midst of Melbourne Central , Emporium , and a wide array of shopping, dining, and entertainment options—everything you need, right at your doorstep. 🚌 Transport Approx. 3-minute walk to Flagstaff Station Close to major tram lines at La Trobe St & William St , offering seamless citywide access 🍽️ Dining Moments from Chinatown  and the charming Hardware Lane  dining precinct Surrounded by renowned restaurants like Tipo 00 , Flower Drum , and Sezar ☕ Cafés Iconic local favorites such as Industry Beans , Krimper Café , and The Hardware Société  all nearby 🛍 Shopping Queen Victoria Market  within walking distance Melbourne Central , Emporium , and Bourke Street Mall  just minutes away 🎓 Education & Academic Hubs University of Melbourne  and RMIT University  are within walking distance Zoned for the prestigious Melbourne High School Close to Victoria University  and Monash College (City Campus) 🌳 Leisure & Culture Flagstaff Gardens  just steps from your door Near the Yarra River , Docklands waterfront , and the historic Royal Exhibition Building Surrounded by cultural icons like the National Gallery of Victoria , Melbourne Museum , and the State Library 📞 Contact Us for a Private Inspection If you’re interested in this beautifully appointed apartment, feel free to get in touch at any time. We’ll be happy to arrange a private viewing tailored to your schedule.

Australia's housing market remained resilient in April 2025, demonstrating continued growth amidst economic uncertainty and recent political events. National home values rose 0.3% , reaching new record highs , with median dwelling values increasing approximately $2,720 to $825,349. Capital City Performance Darwin  led capital cities, rising 1.1%, reflecting strong regional economic recovery. Darwin’s median dwelling value now stands at $526,410. Sydney and Melbourne , major market indicators, experienced modest growth of 0.2%, with median values at $1,194,709 and $786,158 respectively, highlighting stability despite previous market volatility. Growth was universal across all capitals, underscoring nationwide market confidence. Brisbane and Perth rose by 0.4%, Adelaide by 0.3%, Hobart by 0.9%, and Canberra by 0.4%. Data and insights referenced from the CoreLogic Hedonic Home Value Index Report, April 2025. Key Market Dynamics Interest Rates and Consumer Confidence : February’s interest rate cuts initially boosted market conditions; however, their impact began to diminish by April. Global economic uncertainties and domestic political concerns around the federal election notably impacted consumer confidence, causing caution among buyers and sellers. Auction and Listings : Auction volumes dropped significantly to the lowest levels for an Easter week since 2019, with just 644 auctions recorded across combined capitals. New listings also fell sharply, with only 19,650 listings across capital cities in April, indicating hesitation among market participants. Despite lower transaction volumes, persistent undersupply continued to underpin rising values. Houses vs. Units Analysis Detached homes significantly outperformed units , particularly in Sydney, where house values rose by 1.4% quarterly against a 0.3% decline in unit values. This divergence illustrates a persistent preference for more spacious and independent living arrangements post-pandemic. Regional markets, boosted by affordability and lifestyle factors, continued outperforming metropolitan areas, growing 0.6% versus 0.2% in capital cities. Data and insights referenced from the CoreLogic Hedonic Home Value Index Report, April 2025. Rental Market Insights Rental growth slowed markedly, with annual national increases at 3.6%, a substantial r eduction from 8.3% the previous year. Melbourne and Sydney, Australia’s largest rental markets, saw notable decelerations, with Melbourne’s annual rental growth easing to 2.0% and Sydney to just 1.9% . Perth maintained the strongest rental growth at 5.7%, reflecting ongoing economic growth in Western Australia. Data and insights referenced from the CoreLogic Hedonic Home Value Index Report, April 2025. Economic Influences and Housing Affordability Market optimism remains cautious, supported by anticipated further interest rate cuts and post-election stability. However, critical affordability issues remain, exacerbated by rising construction costs, which rose 0.4% in the March quarter , and significant housing undersupply. Despite potential supportive measures targeting first-home buyers, affordability barriers remain substantial. The dwelling value-to-income ratio and mortgage repayments now consuming approximately 50.5% of household gross income , constraining market entry. In the short term, under the dual pressure of persistently strained housing affordability and widespread caution among market participants, Australia’s housing market is expected to maintain a moderate growth trajectory. However, policymakers are facing a significant challenge—urgently needing to establish a dynamic balance between implementing market-stimulating measures (such as further interest rate cuts) and advancing systemic reforms (including expanding housing supply and improving affordability support policies) in order to resolve the paradox between “price stability” and “livelihood protection.” Australia’s housing market in April 2025 exhibited resilience and growth, driven by persistent demand and constrained supply despite broader economic uncertainties. However, significant affordability challenges and cautious consumer sentiment may moderate future market momentum. Data and insights referenced from the CoreLogic Hedonic Home Value Index Report, April 2025. Disclaimer: This report is provided for informational purposes only and does not constitute any form of investment, financial, legal, or other professional advice. The data, forecasts, and conclusions contained herein are based on publicly available information and market research. While every effort has been made to ensure the accuracy and completeness of the information, no express or implied warranty is given regarding its accuracy, completeness, timeliness, or reliability. Readers are advised to independently verify the information and consult relevant professionals based on their individual circumstances before making any decisions. We accept no legal liability for any direct or indirect loss arising from the use of or reliance on the contents of this report.

Great news for property buyers and investors in Victoria! On May 14, 2025, the Victorian Government announced the extension of its temporary off-the-plan stamp duty concession policy  for another year. This move is expected to further stimulate housing activity, particularly in the medium and high-density sectors, and provides significant cost savings for buyers. The concession does not apply to house-and-land packages which are not part of a strata subdivision that has common property. What Is the Off-the-Plan Duty Concession? The off-the-plan stamp duty concession allows buyers to calculate stamp duty based on the land value only, rather than the completed property’s total value. With this extension, buyers can deduct 100% of construction costs incurred after signing the contract  from the dutiable value — leading to major savings. For example, someone purchasing a $620,000 off-the-plan apartment could save approximately $28,000  in stamp duty costs ( source ). The new concession will be available to all off-the-plan purchases and will allow the purchaser to deduct the construction costs incurred on or after the contract date when determining the dutiable value of the purchaser’s property. Key Points of the Extension Eligibility: Applies to all buyers (first-home buyers, investors, companies, and trusts) purchasing new apartments, townhouses, or units in a strata subdivision with common property such as shared driveways or hallways ( source ). No Price Cap: The concession has no property price limit, making it accessible to buyers across all price brackets. Effective Until: Contracts must be signed before 31 October 2026  to qualify for the concession. Exclusions: House-and-land packages or free-standing homes not part of a strata scheme with common property are not eligible . Why This Matters This extension offers a significant incentive for buyers to secure an off-the-plan property now rather than waiting, especially with Melbourne’s strong population growth and ongoing housing demand. At Core Elite Real Estate, we expect this policy will boost demand for off-the-plan projects and present a golden window for both owner-occupiers and investors to enter the market with substantial upfront savings. If you are considering purchasing an off-the-plan property, now is the time to act . Our team is ready to assist you with exclusive project opportunities across Melbourne and provide a tailored investment plan to maximize your benefits. References State Revenue Office Victoria – Off-the-Plan Duty Concession Herald Sun – Allan Government Extends Stamp Duty Savings Realestate.com.au – What Homebuyers Need to Know Disclaimer The content of this article is intended for general information purposes only. It does not constitute legal, financial, or professional advice. Core Elite Real Estate recommends that readers seek independent advice before making any property purchase decision. While efforts have been made to ensure the accuracy and currency of information, Core Elite Real Estate does not accept liability for any errors, omissions, or reliance placed on this information.