After some respectable capital performance following the GFC, Melbourne (Victorias largest city) has being exposed to a price correction throughout 2011. This cant be assumed for the greater Victoria area however, as there are currently some regional gems that are just now beginning to shine brightly.
Perhaps foremost among these is Bendigo. From an investment point of view, this regional center boast 1% vacancy, across a population of over 100 thousand. Bendigo is also in the great position of spreading its eggs across many baskets, with the local economy diversified across tourism (gateway to the Murray Darling), manufacturing, health, education, banking and retail.
More generally however, Victoria is positioned to benefit from increased demand, with close to half a million net population gain in the next quarter of a century. Bendigo, Ballarat and Geelong are primed and ready to receive a large proportion of these.
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