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Subway Station in Munich

Victoria’s population has grown by 9% in five years and Melbourne has four of the fastest growing post codes in Australia, according to recently released Australian Bureau of Statistics (ABS) data for 2007-2012.

This has prompted some justified media commentary on the need to further develop infrastructure in the expanding outer suburbs, although there are certainly some positives that emerge from this kind of information.

These ABS figures are used for influencing government focus on investment and infrastructure, but they can also be a valuable part of your research into identifying the potential opportunities and benefits of an area, when choosing where to purchase your next family home or investment property.

Commuting time and access to local amenities – like hospitals, shopping, entertainment and public transport – are all important to consider depending on your needs. Similarly, understanding planned development of amenities and infrastructure that might increase the value of your property in the future can influence where you might buy or invest.

Local council, community newspapers and your local Property Profile Group real estate agent can be invaluable sources of information in learning about key amenities, planned developments and property price variations in the area. With the most up to date information you can then make the most informed decision on what best suit your needs.

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