When buying property in Australia, townhouses are one of the choices locals would consider, especially in prime locations where detached houses are more expensive.
Compared to apartments, townhouses offer the best value, are more spacious and have much lower maintenance costs.
Various suburbs are popular for this kind of boutique development, and Heidelberg is one of them!
Heidelberg is located in Northeast Melbourne, about 12 kilometres from the Melbourne CBD. It has quietly made a name for itself off the back of its more established suburbs of Ivanhoe and Preston.
Here are several reasons why you should consider investing in this suburb.
| Reasons to invest in Heidelberg: |
1. Location
Due to its proximity to the city and connectivity to other affluent suburbs, Heidelberg is going through a rapid transition.
Easy access to major roads and public transport options, including the Heidelberg train station, make it convenient for professionals who work in the city but want to live in a quieter suburb.
2. Education
Heidelberg is home to Our Lady of Mercy College, St. John’s Primary School, Heidelberg Primary School and Melbourne Polytechnic, offering wonderful education platforms for children in the community.
This makes it an increasingly popular location for families and students, potentially driving the demand for rental properties in the area.
3. Healthcare
Heidelberg is home to several major healthcare facilities, including the Austin Hospital and the Mercy Hospital for Women.
This can increase the demand for rental properties for healthcare professionals and students.
4. Lifestyle
Heidelberg has a great community feel and a relaxed lifestyle, with plenty of parks, cafes, and restaurants on Burgundy Street.
This makes it an attractive location for professional couples and families.
5. Property market
Heidelberg’s property market has steadily grown over the past few years, with property values increasing steadily.
This is a great suburb to move to if you enjoy the lifestyle of living in a townhouse or low-rise neighbourhood.
Property prices are expected to rise significantly from 2023 onwards, and the completion of new modern townhouses is accelerating this change.
Townhouses are indeed one of the best options for couples, families or downsizers, given they often have a similar amount of space as a house but have substantially fewer maintenance requirements.
Overall, Heidelberg is a good suburb that offers an affordable and promising property market.
With its exceptional location, robust healthcare systems, a desirable lifestyle with a buzzing commercial precinct, it is a good location for investors to purchase properties that appreciate over time.
If you are looking to buy a townhouse in Melbourne, this location should be on your checklist!
This article was written by Mandy.
Looking for your townhouse investment in Heidelberg, Australia? IQI is here to address all your queries!
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