Victoria’s top suburbs for investors planning to build

There has been an increase in investor lending in Victoria with Investor Mina Takla with his investment property in Croydon which he will be developing into a double occupancy with Metricon. Picture: Jake Nowakowski. Property investors are signing up for new builds in droves in the aftermath of the Albanese Government’s budget, however industry insiders say the true story is hidden behind the stats. Investor lending for new builds are at record levels in Victoria, 2651, and nationwide, 8468, for the June quarter following the federal budget in May. Clyde and Clyde north took the crown for the suburbs with the most investor loans applied for in the past three months. RELATED: “A buyers market”: House prices plummet in Melbourne’s west Reserve Bank faces new pressure to pause rate hikes as unemployment rises again Melbourne’s elite in early spring sell off, mega-mansions hit market They were followed by Craigieburn, Donnybrook, Kalkallo, Mickleham and Roxburgh Park, according to the figures from Loan Market. The numbers may indicate Prime Minister Albanese has reaped some early success from changes linking negative gearing and a 50 per cent discount to capital gains tax to newly buil...