Melbourne's North-East home to many of Australia's most in-demand suburbs.
Commentary regarding the state of Melbourne’s real estate market may have had a negative flavour of late, however a new report released by realestate.com.au reveals that the Melbourne market will strengthen as 2018 progresses, particularly suburbs in Melbourne’s North East.
According to the Property Outlook report, house prices in Melbourne dropped three per cent during the past quarter, however as the report explains, buyer demand across several suburbs remains very strong and will prove to be the driving force behind prices continuing to be sustained throughout the year.
Of those suburbs in high demand include leafy Warrandyte in the City of Manningham, which topped the list of the 10 most in-demand suburbs in Australia. Eltham (4) and Eltham North (10) from the Nillumbik Shire also graced the report’s top 10 list, while Mitcham in the City of Whitehorse ranked in ninth position on the list of the top 10 in-demand suburbs for units in Victoria.
Acre property sales have surged this week with buyers increasingly looking to upsize.
Acre sales this week:
- 65-67 McGowans Road, Donvale sold at Auction for $1,754,000
- 17 Edwin Road, Templestowe sold for $2,900,000
- 7 Oakland Drive, Warrandyte sold for $2,050,000
This week’s sales include:
- 2/13 Turnstone Street, Doncaster East – sold before Auction
- 3/11 St Clems Road, Doncaster East sold before Auction for $808,000
- 6/885-889 Doncaster Road, Doncaster East sold for $660,000
- 3 Bantry Grove, Templestowe sold for $1,066,000
If you’re thinking of selling, contact our office today to organise an obligation-free market appraisal on your home.