Melbourne

Melbourne is the state capital and the most populous city of the southeastern Australian state of Victoria, located on the magnificent Port Phillip Bay. Its population of over 5 million makes it the second-most-populated city in Australia. Melbourne has a temperate oceanic climate with mild winters and pleasantly warm summers. The weather is often variable, people can experience four seasons on the same day. Melbourne has been repeatedly declared as the "most liveable city in the world" by The Economist's liveability rankings for seven years. Being such a large city, there are many things to do in Melbourne, with better dining and entertainment options. People living in Melbourne enjoy a safe city, affordable healthcare, world-class education, reliable infrastructure, business opportunities, and a healthy environment.

Melbourne's rental returns are also impressive, it ranks second in rental returns. In order to stimulate the real estate market, the government released a series of measures. Including waive up to 50% of stamp duty on newly built or off-the-plan homes valued at up to $1 million until June 30 next year. Also, a $500 million Victorian Homebuyer Fund will be launched to help people to solve the deposit problem. The government also plans to introduce a 50% land tax reduction in 2022 to attract more investment in the development of build-to-rent residential projects and increase the supply of 5,000 houses.