REIV release September quarter median prices
REIV release September quarter median prices and Melbourne’s bayside suburbs have topped the list for price growth in the three months to September 30, with Brighton, Dromana and Seaford all recording increases of more than 15 per cent. “REIV Chief Executive Officer, Enzo Raimondo, said metro Melbourne’s median house price of $729,500 for the September quarter is the highest ever, up 4.5 per cent on June 2015. Melbourne’s outer suburbs saw the largest price increases – up 5.1 per cent on June figures – with eight of the top 20 growth suburbs in the September quarter located more than 20km from the CBD. “The city’s outer suburbs are benefiting from the ripple effect with buyers increasingly seeking value and space in the more affordable parts of Melbourne,” said Mr Raimondo.The city’s western suburbs are also gaining in popularity with Footscray, Sunshine West and Truganina all seeing significant house price growth in the three months to September 30.
Meanwhile, six Melbourne suburbs entered the million-dollar club for the first time in the September quarter, bringing the number of million-dollar suburbs to 87. New entrants are Balaclava, Bentleigh East, Blackburn South, Burwood East, Oakleigh and Oakleigh East.” Buyer Solutions has the full data available and if you would like to know more, please do not hesitate to get in touch. Here is the link to the REIV article on September quarter 2015. Interestingly; assets Buyer Solutions have recently bought for our clients have shown strong growth. Toorak units and flats have gone up 21% annually and a whopping 6.9% in the September quarter. Thornbury houses have gone up 7.1 % in the last 12 months. Our hot spotting has paid off big time for our Ringwood buyers with an annual median change in values of 17.3% growth. Our home buyer client in Hampton who moved in last Friday will be secretly thanking us as during his settlement period the property has gone up 9.2% just in the last three months. If you want to benefit from our expertise in selecting strong capital growth oriented properties to buy, give us a call and book in for a consultation. For up to date information on what’s happening in real estate in Melbourne, contact Janet at jspencer@buyersolutions.com.au or 0418 101 146. |
Buying property, Expatriate Aussies, First home buyers, Home buying, Housing Affordability, Housing Market, Investment property, REIV, State of the market
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