Top growth suburbs over the last three month period ending 30 September 2024.
With interest rates remaining higher than previous years and Melbourne’s imposed land tax, the property market in Victoria has underperformed the other states of Australia. There were however, a number of suburbs that witnessed very good capital growth over the course of the last three months.
Here we focus and share the latest quarterly figures within the Melbourne property market.
Top growth suburbs by median house price
Here is a current list of the suburbs that have seen some capital appreciation from 1 July 2024 through to 30 September 2024 (3 month period):
Note: Only quarterly median prices from suburbs with at least 30 sales in the relevant quarter are included.
Top growth in median unit prices
Here is a current list of the suburbs that have seen some capital appreciation from 1 July 2024 through to 30 September 2024 (3 month period):
Note: Only quarterly median prices from suburbs with at least 25 sales in the relevant quarter are included
Source – This information has been collected by the Real Estate Institute of Victoria Ltd (REIV). The most authoritative source for information on the Victorian property market. * denotes less than 30 sales in the quarter
Deciding whether it’s a good time to buy a property in Melbourne depends on various factors, including your personal circumstances and the current market conditions.
What to do next?
It might be beneficial to consult with a local real estate agent or financial advisor who can provide insights tailored to your specific situation and goals. At Crest Property Investments we specialise in sourcing brand new and off the plan properties for buyers. If you’d like to learn more about property investment, please feel free to look us up on our website.
Our YouTube channel and Market Insights also provide a wealth of information to assist you with many areas relating to property.
While we have taken care to ensure the information above is true and correct at the time of publication, changes in circumstances and legislation after the displayed date may impact the accuracy of this article. If you want to learn more, please contact us. We welcome the opportunity to assist you.
