Investment opportunities

VICTORIA is a fantastic place to invest in with land values climbing over the past five years.

The Real Estate Institute of Victoria recently conducted a deep dive on property prices and land sizes since 2014.

The study has shown that Victoria continues to ace the property test, with land values increasing across the state.

It’s always important to look at how the long-term market is trending – as shown by the significant five-year change in land value per metre squared.

At the same time, the average property size has also slightly decreased, resulting in Victorian families forking out more money for less land.

We are lucky to be home to some of the fastest-growing areas in the country.

An incredible nine suburbs in regional Victoria have doubled in land value over the past five years.

As the market improves, we are seeing more interest from interstate and international investors.

The Geelong region continues to be a popular area for property investors, with three of the nine suburbs having the highest growing land values near that city.

Huntly has performed very strongly against neighbouring Bendigo with land value increasing by 459 per cent since 2014.

Real estate in Victoria has grown in value, a person who bought a property in 2014 has been handsomely rewarded.

These figures have produced a lot of smiles across the sector, and Victorian real estate has shown long term durability and growth.

As always, if a buyer or a seller is looking for objective information on the market or an agency – they should visit reiv.com.au.