Top 5 Melbourne Hotspots 2020

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In this edition we look at the top 5 Melbourne hotspots - Darebin LGA, Moreland LGA, Moonee Valley LGA, Brimbank LGA, Wyndham City.
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Top 5 Melbourne Hotspots 2020

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Melbourne has negotiated the difficult post-boom correction phase and is now clearly in recovery mode.

The turn-around in overall fortunes in the Melbourne metropolitan area since the middle of 2019 has been characterised by dramatic improvement in auction clearance rates and recent evidence of a revival in price growth.
Most Melbourne suburbs still have median house prices below the levels of 12 months ago, but in the most recent quarter their medians have risen.

A standout feature has been the resilience of suburban unit markets in 2019: many Melbourne suburbs have median house prices lower than a year earlier but median apartment prices remain higher.
The official statistics show that first-home buyers are more active now than at any time in the past eight years - and many young adults opt for the apartment lifestyle, rather than a house on land - and not just because it’s cheaper.
So demand for affordable apartments stayed strong in 2019 at a time when demand for houses was weak.
The price differential - in many Melbourne suburbs the median price for apartments is roughly half that for houses - has been a factor.

In making our selections for this edition of Top 5 Melbourne Hotspots, we have highlighted areas that have shown resilience during the downturn, have offerings that are affordable to mainstream buyers and have solid credentials for long-term, sustainable price growth.

Overall, it’s a good time to be considering real estate investment in Melbourne and we expect 2020 to be a vibrant year for markets in the Victorian capital.

To discover the best places to buy in Melbourne at the moment, you need to read the new edition of Top 5 Melbourne Hotspots 2020.

Melbourne was Hotspot of the Week on December 3rd, 2019

Top 5 Melbourne Hotspots 2020

Be the first to review this product

Availability: In stock

$121.00
inc. GST

Quick Overview

In this edition we look at the top 5 Melbourne hotspots - Darebin LGA, Moreland LGA, Moonee Valley LGA, Brimbank LGA, Wyndham City.
$121.00

Top 5 Melbourne Hotspots 2020

Double click on above image to view full picture

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