VIC Melbourne middle suburbs, still growing?

Discussion in 'Where to Buy' started by Realist35, 2nd Jun, 2018.

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  1. Realist35

    Realist35 Well-Known Member

    Joined:
    1st Mar, 2016
    Posts:
    1,695
    Location:
    WA
    G'day ladies and gents,

    My understanding is that Melbourne property price are declining at the moment as an overall average. However I'm more interested to see what's happening with middle suburbs, specifically Kings Park. Would anyone be able to provide some insight? My gut feeling is that it still might keep growing until median is 600k or so (currently Kings Park is 560k median).

    I was thinking of selling, taking some small profit and investing in Brisbane.

    Cheers :)
     
    Last edited: 2nd Jun, 2018
    Realist35, 2nd Jun, 2018
    #1
  2. rjw180

    rjw180 Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    181
    Location:
    Melbourne
    I can't speak for the West but from my observations and talking to RE agents around middle ring north eastern suburbs, the market has definitely softened. I suspect Kings Park may fare a little better than say Doncaster in the near future though due to various factors including affordability as well as the type of buyers.
     
    rjw180, 2nd Jun, 2018
    #2
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