CITY OF WHITEHORSE, Metropolitan Melbourne, VIC
There is emerging evidence of recovery in Melbourne property markets. Increased activity from buyers has created stronger competition for properties and prices have begun to gradually rise again.
BIS Oxford Economics has forecast that prices in Melbourne will show solid increases between June 2019 and June 2022.
The Whitehorse LGA property market has a long history of strong performance. Vacancies remain low, sales numbers are consistent and the long-term capital growth rates are among the best in Australia.
Population growth and construction activity continue to support the Whitehorse economy while the proposed Suburban Rail Loop will improve connectivity between Frankston and Melbourne Airport, via Whitehorse. The Rail Loop will take in stations at Doncaster, Box Hill, Burwood and Glen Waverley.
The City of Whitehorse property market remains a favourable option for long-term investors because of its proven capital growth history, low vacancies, strong economy and good transport links.
This report covers the suburbs of Blackburn, Blackburn North, Blackburn South, Box Hill, Box Hill North, Box Hill South, Burwood, Burwood East, Forest Hill, Mitcham and Nunawading.