RP Data has named a set of suburbs across Melbourne which could offer a host of opportunities to investors, including strong yields and capital gains.
They identified Ferntree Gully, Brunswick West, Chelsea, Mount Martha and Boronia as areas for investors to take a closer look at buying units.
For anyone who wishes to invest in houses, locations like Bayswater, Boronia, Collingwood, Altona North and Mooroolbark may be worth checking out.
However, Robert Larocca of RP Data said that this should be done with caution, as "past performance is not a guarantee of future performance in the property market
Larocca also said that over the past decade eastern suburbs in particular have recorded above average yields and capital gains, namely around the base of Mt Dandenong.
Meanwhile, rental yields in the Victorian capital notched at 3.4%, making them among the lowest in Australia.
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