Melbourne has always been an ideal place to buy commercial real estate. Commercial real estate in Moorabbin, Cheltenham, Dandenong and other suburbs has excellent value.
Here are the five reasons to let you know how can Melbourne be the best city to buy industrial real estate:
Good Business Destination
Melbourne is home is some of the world-renowned companies like BHP Billiton, Computershare, ANZ, CSL, NAB and Telstra. Melbourne has favourable business conditions with a talented workforce, which makes this city perfect to buy commercial property.
The tops talents in Melbourne is also one of the reasons why the companies are attracted to set up their business here. 6 of the top 10 companies in Australia are having their headquarters established in Melbourne in the last decade.
These provide the economic thrust for Melbourne to stay on top for such a long period, making it the ideal destination to buy commercial property.
Steady Price Growth
While buying commercial real estate in Melbourne, the investors look for stable markets. If the price of the property appreciates very fast it can be a cause of concern as what goes up, must come down.
The Price Growth in Melbourne is steady as compared to other cities, which makes it easy to predict the price of the property in the next ten years. The predictable price helps the business person to make a decision.
Developed Infrastructures
Melbourne has world-class infrastructures to continue the economic growth and serve the growing population; this is an essential factor to consider while establishing a company or purchasing a commercial real estate.
Melbourne has lots of schools, hospitals and restaurants selling varieties of cuisines. The essential infrastructure of business growth is the transport sector, and Victoria is well-known for its transport services.
Some of the infrastructures in Melbourne are Melbourne Airport, Essendon Airport, Avalon Airport, Port of Melbourne, Geelong Port, Railways and Night Networks.
The Population Growth
Melbourne’s population is overgrowing than any other city over the decade. As the population grows, the demand increases, when the demand increases the company owners can make a good profit.
The strong natural population growth not just increases the demand but also increases the human resource. The competent workforce leads to the growth of the business and Melbourne has it all, making it a perfect place to invest.
The Most Livable City
Melbourne is one of the most livable cities in the world. Melbourne is an excellent place for recreational activities to relax on the weekends. A pleasant and enjoyable environment increases the productivity of the workforce, which is again a plus point for the business owners who are thinking to buy property in Melbourne.
Melbourne has something for everyone, from little hideouts to massive fancy restaurants, from small markets to malls, from museums to beaches. Your employees can get a good break from work-stress and come back to work with the same enthusiasm.
About the Author:
Christian Taylor, a real estate agent associated with Just Commercial, a boutique real commercial and industrial real estate agency in Melbourne. The agency specialises in selling, leasing and renting of commercial and industrial properties in South of Melbourne.