A string of suburbs recorded double-digit moves, standing out from the broader property market over the past year.
A string of middle-ring suburbs recorded Melbourne’s highest house price growth over the past year as stretched buyers turn to relatively affordable locations.
“It’s home owners, it’s locals to Melbourne that recognise those opportunities: ‘Now is our time to make that purchase before prices rise further,’” she said. “When a family needs to move, or has certain requirements, sometimes the state of the market can only dictate so much,” the Entourage Property and Finance director said.
“I was looking very much at the Collingwood, Richmond area, to stay relatively central to where I was … there were cladding issues, really high body corporate fees, much smaller apartments, so it wasn’t really what I was looking for,” Singh said.
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