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Did you know that amid the doom and gloom surrounding the Melbourne housing market, the city’s median sale price actually crept up last year?
Victoria’s peak real estate body found Melbourne’s house median rose 1.4 per cent from $815,000 in 2017 to $826,500 in 2018.
The figure was pulled up by booming outer suburbs including Mt Martha, Officer and Cranbourne North, according to the Real Estate Institute of Victoria.
A recent report from another property data firm, CoreLogic, found Melbourne’s outer ring houses went up 3.1 per cent, and regional Victoria went up 5.5 per cent, were the big winners of 2018.
According to REIV, with affordability, improving infrastructure and first-home buyer incentives boosting demand many suburbs in Melbourne did quite well in 2018 and are likely to continue strong in 2019 and beyond.
The capital’s top 20 annual growth suburbs for houses were all more than 20km from the city, and many of them in the southeast, with Mt Martha notably rising 12.3 per cent to a $1,100,500 median.
It was followed by Officer (up 10.7 per cent to $587,500), Cranbourne North (10.1 per cent, $600,000), Hampton Park (10 per cent, $550,000) and Pakenham (9.3 per cent, $530,000).
So the million dollar question is;
Do you have the skills and knowledge to correctly identify the best performing suburbs in Melbourne in 2019 right now?
Or will you simply wait by the sidelines and see other savvy property investors snap up the best opportunities?
Watch this exclusive 1.5 hour live Webinar where you will discover advanced property investing strategies to use in the current market. You will also learn specific real estate finance and due diligence methodologies that will give you the confidence and skills to start building your property portfolio as soon as you leave the webinar.
Good Luck and Happy Investing!
investorsprime real estate