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Melbourne trumps Sydney on long-term property returns

krafty

krafty

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An audit of the 562 residential properties managed by investment firm Portfolio Management Services (PMS) found that Melbourne's east, which includes booming suburbs like Glen Waverley, Dandenong, Blackburn and Box Hill, has been the best-performing metropolitan area over more than a decade, generating an average 13.9 per cent total return annually since 2002.

Read more: http://www.afr.com/real-estate/resi...roperty-returns-20151120-gl41zl#ixzz3tYBtdQUH
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