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Consumer confidence in Melbourne is up, with a new survey by ME Bank showing that nearly four in five homeowners in the city believe that their house price will not decline in 2019. In addition, more than a third of Aussies are convinced that home values will grow, according to the Household Financial Comfort Report.
Melbourne may be one of the declining markets at the start of the year, but some areas in the city are showing great potential for investment. Geelong, for instance, has been bucking the downward trend of the capital and recorded some of the highest capital growth in percentage terms in Victoria over 2018.
Property investing, in itself, is already a risk, and once you go through the process, you will find yourself facing even more risks.