Source: Property Observer
Source: Property Observer

Living by the seaside is a dream for many people from around the world and this isn’t limited from the residents of Melbourne. What started out as a fledgling port city has now transformed into the city we know today with its enclaves of culture and relaxed lifestyle.

But what is it about Melbourne’s Bayside suburbs in particular that make them so highly desirable?

Recently, Paul Bond from Hodges Sandringham branch commented for Property Observer on why the Bayside remains so popular with residents and investors.

With quality residential zoning and idyllic coastline views, the 17-kilometre stretch around Port Phillip Bay is popular for homebuyers. Coupled with education opportunities, shopping strips and good capital growth on property investments, Bayside offers a lifestyle that is hard to surpass.

The Bayside’s sustained growth in property prices can be attributed to a number of reasons.

Because bayside properties are close to the beach and in close proximity to the CBD, homes in the area are ideal for people who want a good mixture of quiet suburbia as well as lively communities. With a number of good private schools and excellent public primary schools, that area makes for a natural choice for families.

High yielding rent for properties in the bayside is another reason why investors turn their attention to the region. Furthermore, all of Bayside’s suburbs are considered to be high demand areas because the number of people viewing listed properties in the area is higher than the state average.

Lastly, the Bayside is a high value area because it has a vast variety of properties that appeal to most demographics. With a rich history blended with the trend-sensitivity of the affluent young couples attracted to the area, the Bayside has much to offer.

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