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Why choose Melbourne as an opportunity for property investment?
Melbourne is seen as a city of opportunities and fortune. With strong government support, Melbourne has seen much success from both domestic and foreign investment.
Australia’s biggest city is projected to grow to 7.6 million people by 2041. Here’s why you should choose Melbourne as an opportunity for property investment in 2021.
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A diverse economy
According to Melbourne’s history, it has welcomed investment from all over the globe and across many industries such as ICT, professional and financial services, advanced manufacturing and food processing, biotechnology and clean technology.
A growing and sophisticated services sector complemented by Victoria's position as Australia's leader in advanced manufacturing.
With major industrial companies such as Ford and Boeing established operations in Victoria for over 80 years, Melbourne is also becoming a thriving and cosmopolitan global city.
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A growing market
With over 2.3 million business established in Australia, almost 27% are located in Melbourne.
Of those located in Victoria;
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64 % are non-employing businesses
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34 % are small businesses employing up to 19 people
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2 % are medium enterprises employing up to 199 people
Over 1,000 businesses are employing more than 200 people.
With Melbourne projected to be the largest Australian city as early as 2031, the city is an affluent society of over five million people with strong demand for goods and services.
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An abundance of highly skilled talent
Melbourne's workforce is the most educated state in Australia, with half of all Victorians aged 20-64 hold a form of post-secondary qualification. Almost 30 per cent of all Victorians have a university degree - the highest proportion of all Australian states.
According to IMD World Talent Index 2019, they ranked Australia third in the Asia Pacific for talent, reflected by the cities high-quality universities and education standards such as the University of Melbourne and Monash University.
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Melbourne is ranked one of the world's most liveable cities
Ranked second in The Economist Intelligence Unit's 2019 Global Liveability Index, a spot which has been held for eight years running.
The city’s cohesive and stable society, healthcare, education, and world-class infrastructure make Melbourne a magnificent city to live and work in.
Melbourne has also been ranked among the safest cities in the Asia-Pacific region and the highest in infrastructure safety, thus minimising road and rail accidents.
