Eight homes set to sell around Melbourne's new $729,500 house median on realestateview.com.au

Eight homes set to sell around Melbourne's new $729,500 house median on realestateview.com.au
Eight homes set to sell around Melbourne's new $729,500 house median on realestateview.com.au

Melbourne’s property market has secured yet another record, with the city’s median house price increasing to $729,500 in the three months to September 30.

REIV CEO Enzo Raimondo said the median was up 4.5% from the previous quarter.

Property Observer went looking for what buyers can get for around the $729,500 price according to forthcoming auction price guidance.

Here's eight houses we found in that median pricing range:

1. Consider this freestanding Victorian home on one of Flemington's leafiest streets. This two-bedroom home at 45 Waltham Street, Flemington (above) is up for November 7 auction with a $670,000-$730,000 price range through Ryan Currie and Jacqueline Iversen of Jellis Craig. 

Eight homes set to sell around Melbourne's new 9,500 house median on realestateview.com.au

2. School-zoning prospects are available within the median price range including this four-bedroom house on 543 Highbury Road, Burwood East (above). The auction is this weekend with price estimates upwards of $700,000. The listing is by Steven Zervas of Fletchers. It is within the Mount Waverley Secondary College Zone.

Eight homes set to sell around Melbourne's new 9,500 house median on realestateview.com.au

3. A three-bedroom house at 18 Swanston Street, Mentone (above) is up for November 14 auction with a $700,000-$770,000 price range through Pandelis Plousi and Andrew Plousi of Hodges.

Eight homes set to sell around Melbourne's new 9,500 house median on realestateview.com.au

4. The three-bedroom 5 George Street, Yarraville home (above) is up for November 21 auction with a $725,000 - $750,000 price guidance through Darren Dean and Peter Kelly of Sweeney Estate Agents.

Eight homes set to sell around Melbourne's new 9,500 house median on realestateview.com.au

5. There's even potential in pricey Brighton. A two-bedroom home at 11 Cecil Street, Brighton East (above) is going under the hammer on November 14 for $700,000-$770,000 through Tom Davidson and Evan Stewart of Buxton Brighton.

Eight homes set to sell around Melbourne's new 9,500 house median on realestateview.com.au

6. For those interested in period homes, a two-bedroom 1930s house combining Art Deco detail and modern appeal at 7 Dalgety Street, Preston (above) is up for November 14 auction with a $700,000-$770,000 price guidance through Andrew Guarino and Mario Lionetti of Jellis Craig. It was last sold for $130,000 in 1998.

Eight homes set to sell around Melbourne's new 9,500 house median on realestateview.com.au

7. Two-bedrooms are popular in this price range, with another at Carlton North on offer. The 381 Nicholson Street, Carlton North (above) home is to be auctioned on November 14 with a $700,000-$770,000 price guidance through Ian Rye and Glenn Bartlett of Woodards.

Eight homes set to sell around Melbourne's new 9,500 house median on realestateview.com.au

8. This is the furthest out in the list of eight Property Observer feature, but comes with a swimming pool! This four-bedroom house with a partially covered pool at 13 Danielle Crescent, Heathmont, (above) is up for November 14 auction with a $700-$770,000 price range through Reilly Waterfield and Nicole Freene of Fletchers.

Enzo Raimondo said there was currently a range of commentary around market movement, but while the market was cyclical, it was in an upward trend at this time.

“The market is currently on an upwards trajectory. The September quarter was extremely strong and that trend is continuing into the December quarter.”

Metro Melbourne Sep-15 Quarter Quarterly change Jun-15 Quarter Annual change
House $729,500 4.5% $698,000 8.2%
Unit $532,000 2.6% $518,500 5.1%
         
Inner Sep-15 Quarter Quarterly change Jun-15 Quarter Annual change
House $1,236,000 -0.2% $1,239,000 17.5%
Unit $560,000 2.4% $547,000 2.4%
         
Middle Sep-15 Quarter Quarterly change Jun-15 Quarter Annual change
House $861,000 4.4% $825,000 13.6%
Unit $586,500 1.7% $576,500 8.8%
         
Outer Sep-15 Quarter Quarterly change Jun-15 Quarter Annual change
House $550,500 5.1% $524,000 7.9%
Unit $415,500 3.9% $400,000 5.2%

Source: REIV

Note: All quarterly median prices are seasonally adjusted and quarterly. Annual change is based on rolling annual figures.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Property market Residential Listings

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