Properties for Sale and Rent in Australia

Melbourne is the state capital and most populous city of the Australian state of Victoria, and the second-most populous city in Australia and Oceania. The name "Melbourne" covers an urban agglomeration spanning 9,992.5 km2, which comprises the broader metropolitan area, as well as being the common name for its city centre. The metropolis is located on the large natural bay of Port Phillip and expands into the hinterlands towards the Dandenong and Macedon mountain ranges, Mornington Peninsula and Yarra Valley. Melbourne consists of 31 municipalities. It has a population of 4,725,316 as of 2016, and its inhabitants are called Melburnians.

The Australian real estate sector is experiencing yield compression, with values increasing across most asset classes. This is being driven by a stable low interest rate environment and strong interest from both domestic and offshore investors seeking yield. Australian real estate remains attractive when compared to other key international destinations, especially when viewed in terms of the spread over government bonds. Comparison to other investment classes, including stocks, bonds and cash, also reveals that Australian real estate has displayed relatively high and stable returns. The most attractive sectors for direct large-scale investment are office, industrial and retail.