RealRenta Property Round-Up ( For Melbourne Investors)

Here are the latest stats on Melbourne’s million dollar suburbs:

• The Melbourne bayside suburb of Carrum entered the $1 million club for the first time in the last quarter of 2018, following a 10 per cent increase in the median house price. ( REIV) 

• Elwood, another bayside Melbourne suburb, also performed well in the final quarter of 2018, with the median house price increasing by 19.6 per cent from $1.73 million to $2.07 million (REIV)

• Toorak is the closest suburb to tipping into the $3 million club with a median of $2.8 million. (REIV)

• Carlton has broken into the $2 million club in 2018 as a result of a median house price increase of 36.9 per cent in the December quarter (REIV)

• Brighton was just nudged out in 11th place with a house median of $1.99 million.

Last year, 11,300 houses and 2,000 units sold for more than $1 million in Victoria (REIV)

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Australian Property Research- Our top Free website picks : https://www.realrenta.com.au/blog/post/266 


Marlene Liontis
Wednesday, 27 February 2019

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