Victoria State is located in the South-Eastern corner of Australia. The capital city of Melbourne had a population of 5,037,700 in September 2005. 70% of the population of Victoria stays in Melbourne. The climate in the state is varied and ranges from semi-arid and hot to temperate and cool. The annual rainfall exceeds 1,800 millimetres. The state has a very modern primary and secondary education system and the University of Melbourne is one of the best in Australia. There are many tourist destinations in Victoria and the Twelve Apostles is one among them. The Victorian Alpine region is famous for its skiing range.
A studio apartment in Melbourne would cost approximately $135000. If you are buying for rental purpose the apartment could give a return of 8%. The house has 1 bedroom and 1 bathroom. A house with 1 bedroom and 1 bathroom on Collins Street in Melbourne would cost you approximately $89,500. Similarly there are innumerable properties in Melbourne and other cities of Victoria which are available for rent or outright purchase. If you are planning to buy property in Victoria it is advisable that you check out some of the leading property agents in the area. A real estate investment in Australia will definitely give substantial returns.
