Melbourne Median House Price to reach $1 Million by the end of 2018

Discussion in 'Property Market Economics' started by Air_Bender, 25th Mar, 2017.

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  1. ATANG

    ATANG Well-Known Member

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  2. zed_kid

    zed_kid Well-Known Member

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    You’re almost quoting Hoppers prices there, Point Cook is easily 600k+ now. 2 storey 500sqm land going at 800k.
     
  3. melbournian

    melbournian Well-Known Member

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    well was quoting smaller blocks :) but as you know it wasn't like that flashing back 3 year ago.
     
  4. WattleIdo

    WattleIdo midas touch

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    Had to laugh today when I heard that the growth of the overall Australian market has slowed - so what!
     
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  5. Perthguy

    Perthguy Well-Known Member

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    Haha. Yeah, what is "The Australian Property Market"?
     
  6. WattleIdo

    WattleIdo midas touch

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    Haha yeah.
    And growth is growth especially in outer Melbourne. Frankston the leader of the pack!
     
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  7. Perthguy

    Perthguy Well-Known Member

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    You're right. There is no "Melbourne property market" either. Different products in different areas perform differently. Always have really.
     
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  8. MTR

    MTR Well-Known Member

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    As per regions

    Melb is certainly the little darling for 2017

    Regions Median
    Yearly growth

    Inner East $1,600,000 10.1%
    Inner South $1,350,000 12.5%
    Inner Urban $1,512,500 10.8%
    North $620,000 18.4%
    North East $727,000 16.1%
    Outer East $888,000 18.4%
    South East $600,100 17.7%
    West $600,000 15.4%

    Source: Domain Group
     
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  9. sash

    sash Well-Known Member

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    I don't believe it...Sydney is numero uno!

     
  10. Otie

    Otie Well-Known Member

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    BRing on the Paky $1mil median
     
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  11. craigc

    craigc Well-Known Member

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    Sssh on the outer east & south east, investors look to the West!
     
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  12. JProperty

    JProperty Well-Known Member

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    You think the West will keep booming? Will be interesting to watch.