Melbourne’s most action-packed property markets revealed
Homes are selling like hot cakes in Victoria’s affordable property havens.
New realestate.com.au figures show Pakenham was the city’s most active housing market last year, with 1114 dwellings transacting.
The vast majority of those (91.5 per cent) were houses, as entry-level buyers took advantage of the southeastern fringe suburb’s achievable $522,000 median price.
Professionals Mildura director Tony Roccisano said Victoria’s top selling regional market was “on fire”.
“(Mildura’s) in the middle of a food boom. And it’s one of the only places in Victoria where manufacturing is increasing, rather than decreasing,” he said.
He said a growing number of migrants from smaller towns were moving to the region, in which billions of dollars had been invested in the past 18 months.
Another drawcard was Mildura’s housing affordability, Mr Roccisano said: “But prices are starting to move on now. We’re selling a lot of houses over $1 million, though they usually have river frontage.”
https://www.news.com.au/finance/real-estate/melbourne-vic/melbournes-most-actionpacked-property-markets-revealed/news-story/7c9aea5275b26910a3422f0a677ccf02
New realestate.com.au figures show Pakenham was the city’s most active housing market last year, with 1114 dwellings transacting.
The vast majority of those (91.5 per cent) were houses, as entry-level buyers took advantage of the southeastern fringe suburb’s achievable $522,000 median price.
“(Mildura’s) in the middle of a food boom. And it’s one of the only places in Victoria where manufacturing is increasing, rather than decreasing,” he said.
He said a growing number of migrants from smaller towns were moving to the region, in which billions of dollars had been invested in the past 18 months.
Another drawcard was Mildura’s housing affordability, Mr Roccisano said: “But prices are starting to move on now. We’re selling a lot of houses over $1 million, though they usually have river frontage.”
https://www.news.com.au/finance/real-estate/melbourne-vic/melbournes-most-actionpacked-property-markets-revealed/news-story/7c9aea5275b26910a3422f0a677ccf02
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