VIC Hotspots Bundle
$187.00 incl. GST
Top 5 Melbourne Hotspots 2021:
Melbourne has made a stunning comeback from the problems caused by multiple lockdowns in 2020. Half of its suburbs are rising markets in terms of sales activity and most have median house prices higher than a year ago.
Melbourne suffered the highest level of pandemic restrictions and this seriously impacted sales activity last year. But our latest quarterly survey of sales activity records major revival: there are 127 suburbs with rising sales activity, compared with just 25 in the previous survey three months earlier.
The revival in Melbourne markets is widely spread across the metropolitan area. There are 12 municipalities with at least five rising suburbs, including inner, middle and outer ring precincts of the city. There are 14 LGAs where rising suburbs outnumber plateau markets.
Melbourne’s overall resilience is also reflected in price performance: 95% of its suburbs have recorded increases in their median house prices in the past year. Many suburbs have had growth above 5%.
To find out more, have a read of our new 2021 edition of Top 5 Melbourne Hotspots.
Top 5 Victoria Regional Hotspots 2021:
Regional Victoria was the initial leader of the Exodus to Affordable Lifestyle trend and it continues to be a standout market, both for sales activity and prices.
Our latest quarterly survey shows that, compared to the previous one, the number of locations classified as rising markets has more than doubled. There are now 86 rising markets, easily a record in the six years we have been conducting our quarterly surveys. The previous best was 51 late in 2018.
Regional Victoria continues to excel on price performance, with 94% of locations across the states recording price growth in the past 12 months – with 40 towns or suburbs achieving double-digit increases in their median house prices.
Right across the regions of Victoria, there are towns with annual price growth above 10%, including several above 15% and 20%.
This edition of the Top 5 Victoria Regional Hotspots gives you the pick of the crop – plus the data to explain why these locations are thriving and the growth drivers that will continue to push them into the future.