As a property investor, a crucial aspect of Melbourne's growth to keep an eye on is upcoming infrastructure projects and improvements.
In the upcoming Victorian Budget, one of the major aspects highlighted is the development of new train and tram systems in the capital city. These will help to make the commute much more convenient for many living in and around Melbourne.
In fact, the budget contains close to $20billion in funding for public transport around the state of Victoria – a plus for investors and homeowners in the area.
A recent post from the Real Estate Institute of Victoria (REIV) also highlighted these plans for Melbourne infrastructure development.
REIV chief executive officer Enzo Raimondo said the budget include $600million for more public transport, and $111million for the creation of 10 new schools in Victoria – with eight of these being constructed in the capital city.
This could be great news for investors interested in purchasing real estate in Bentleigh in the near future.
If you're looking into expanding your investment portfolio into Bentleigh real estate, be sure to get in touch with Matt Hurlston at Ray White Carnegie in the near future. His knowledge of the local market will be useful to help you find the right home for your needs.