PHOTO: Melbourne
A gentrifying inner-city hub and a quiet “forgotten pocket” of the north are among the Melbourne suburbs set to soar in value, one of Australia’s top real estate agents says.
Renowned agent John McGrath released his 2019 annual report on Wednesday and named Kensington in Melbourne’s inner north-west as one of the hottest suburbs for buyers to target.
Multi-cultural Carnegie and beachside Cheltenham in the south-east are also in McGrath’s top five, along with Watsonia in the north and upcoming Upwey in the hilly east.
McGrath believes Melbourne’s property market has “excellent fundamentals” to support growth over the medium to long term.
These five suburbs are at the top of his list.
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