Victoria Property

Nestled in Australia’s south-eastern corner, Victoria is the smallest but second most densely populated state of Australia, after New South Wales. Victoria offers a modern, well-equipped infrastructure to cater for its population. As a result, many foreign property purchasers are buying up well priced real estate in and around Melbourne as it offers the ideal Australian combination of good study and work opportunities along with an outstanding outdoor lifestyle. Relying heavily on the car manufacturing industry, Victoria’s economy is the second largest in Australia, accounting for 25% of the nation’s GDP.

As with many regions of Australia, Victoria is undergoing demographic growth (5 million in June 2007 and estimated by the Australian Bureau of Statistics to grow to 7.2 million by 2050), indicating a potentially strong property market for investors. The region offers a broad range of affordable property options, from modern family homes, townhouses, apartments to older Edwardian and Victorian homes. Victoria also has much to offer tourists; real estate located in key locations such as along the Murray River and Riverina for waterskiing, and Bells Beach for surfing are firm favourites for those seeking holiday homes and buy-to-let investments.

Top 20 Towns in Victoria

• Melbourne Property (2 properties)