THE Mornington Peninsula has been named one of Australia’s top 100 investment locations.
It is listed in the Australian Property Investor magazine’s third annual “Hot 100” list, published this month.
The area is one of only 11 “cluster” hotspots in the country, thanks to the inclusion of Frankston, Seaford and Hastings.
Property researchers from around the country were asked to name the suburbs they believed would show the best capital growth in the next 12 months. The suburbs also had to offer good growth in the medium- to long-term.
Terry Ryder of property forecaster hotspotting.com.au said the peninsula had “excellent” long-term growth prospects.
“Prospects are set to be enhanced through construction of the $700 million Peninsula Link freeway which, combined with EastLink, will make it much easier to get to central Melbourne.”